The Wall Street Journal reports that American billionaire George Soros is transferring his business to his son Alexander (pictured).
Edition calls his “self-proclaimed centre-left thinker”. Now he has to manage $25 billion in assets. “Heir” said that the funds from the father’s charitable foundation will go to support free elections and the realization of the right to abortion.
Alexander Soros, in addition, plans to continue to support American left politicians. He recently met with US Senate Majority Leader Chuck Schumer, Canadian Prime Minister Justin Trudeau and Brazilian President Luiz Inacio Lula da Silva to discuss issues related to the family foundation.
According to the publication, Soros Jr. replaced his father as chairman of the board of the Open Society in December 2022. He is the only family member who, as part of the investment committee, oversees Soros Fund Management, the company that is responsible for the funds for the fund. It is noted that most of the firm’s $25 billion will be directed to the activities of the Open Society in the coming years.
In mid-May, Soros Sr. once again denied the widespread rumors about his death.
Reference. George Soros is an American trader, financier, investor, and philanthropist. A supporter of the theory of an open society and an opponent of “market fundamentalism”. Creator of a network of organizations known as the Soros Foundation. Member of the Executive Committee of the International Crisis Group.