American businessman and philanthropist George Soros will hand over his fund empire to one of his younger sons, 37-year-old Alex. As Alex Soros told The Wall Street Journal, he shares the views of his father, but intends to actively interfere in politics. In particular, the young businessman will fight to prevent the return of Donald Trump to power.
Also, Soros Jr. will continue to spend family money to support American left-wing politicians. The value of the assets that will pass into his hands is estimated at $ 25 billion. “We think the same way,” George Soros explained the choice of successor.
Last December, Alex Soros took over the board of Open Society Foundations and became the only family member on the investment committee that oversees Soros Fund Management, the company that manages all assets.
George Soros, 92, has four sons and one daughter. Having made a fortune on the stock market, he also founded a network of charitable foundations that sponsor projects in the fields of education, culture and health, as well as NGOs around the world.
In Russia, the Soros Open Society Foundations was declared an undesirable organization in 2015.