2023-06-12 18:49:03
- Lucy Hooker
- Business Correspondent, BBC News
image source, Getty Images
Alex Soros will inherit his father’s financial empire.
The American billionaire George Soros has decided that his son Alex is the one who is in charge of the direction of his financial and charitable empire valued at US $ 25,000 million.
Soros, 92, of Hungarian origin, told in an interview with The Wall Street Journal that his son “he has earned it.”
Since the 1990s, part of the family’s wealth has gone to support the consolidation of democracy in dozens of countries.
But in recent years George Soros has become the center of anti-Semitic conspiracies by right-wing groups.
A spokesman for the billionaire confirmed to the BBC the details of the interview published on Sunday.
The successor profile
Alex Soros, 37, has a degree in history and the second youngest of five children.
The chosen one is only family member sitting on the Soros Fund Management investment committeetthrough which they manage the US$25,000 million and their charitable foundation, according to The Wall Street Journal.
image source, Alex Soros/Twitter
George y Alex Soros.
Alex became president of the Open Society Foundations (OSF) in December.
His Hungarian-born father George Soros lived through the horror of the Nazi occupation during World War II. His family hid his Jewish identity in order to survive.
After the war, he left Hungary and moved to London, and later to New York, where those billions with his activity financera.
Soros became famous in the UK after winning $1 billion betting on the fall of the pound in 1992.
When the Berlin Wall fell, paving the way for the establishment of democratic governments in the former Soviet bloc, he created the Open Society Foundations (OSF) to support the process.
Currently, the OSF allocates some $1.5 billion a year to liberal causeseducational and human rights organizations in more than 120 countries.
The relationship with politics
George Soros is one of the largest donors to the Democratic Party in United States.
His son Alex, though broadly sharing the same political views as his father, told The Wall Street Journal what is “more political” and who would campaign against Donald Trump’s attempt to run for a second term as president of the United States.
“As much as I’d like to get money out of politics, as long as the other side is doing it, we’ll have to do it too,” he said. Alex Soroswhat he is in charge of his father’s “super PAC”the mechanism for directing funds to political parties in the United States.
image source, Alex Soros/Twitter
Alex, 37, and his father George Soros.
The Open Society Foundations will pursue the same goals as his father, according to his son, including free speech, criminal justice reform, minority and refugee rights, and support for liberal politicians.
But also wants to include initiatives on voting rights, abortion and gender equalitywhile seeking to focus on a more US-centric agenda.
Some of his causes have angered the right, such as the fight against racial prejudice in the US judicial system.
The OSF moved its international operations office from Budapest to Berlin in 2018 after the Hungarian government led by Viktor Orban explicitly campaigned against Soros personally and the work of his foundation.
Alex Soros is a fan of hip-hop and the New York Jets football team and is known for leading a “high-flying” social lifeparticipating in celebrity parties in Cannes and the Hamptons.
image source, Getty Images
Designer Maxwell Osborne and Alex Soros on July 27, 2019 in Water Mill, New York.
Also visited remote areas of the amazon and sits on the board of directors of the human rights advocacy group Global Witness.
“Our side has to be more patriotic and inclusive,” he told The Wall Street Journal.
“Just because someone votes for Trump doesn’t mean they’re lost or racist.”
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