George Soros arms $25bn empire control to son Alexander

Philanthropist and billionaire George Soros has decided to entrust his 37-year-old son, Alexander, with the management of his philanthropic and monetary empire, worth US$25bn. A spokesperson for Soros, a big supporter of liberal and democratic initiatives, confirmed the plan following its preliminary report by the Wall Street Journal.
Previously, Soros, who is now 92, did not need any of his 5 kids to take over his Open Society Foundations (OSF). However, he has since changed his mind, stating, “He’s earned it.” OSF operates in over 120 international locations, directing around US$1.5bn yearly in path of strengthening civil society, promoting human rights, and preventing corruption. The organisation helps groups similar to Global Witness and the International Crisis Group.
In an interview with the Wall Street Journal, Alexander described himself as “more political” than his father and expressed his intention to proceed donating household funds to left-leaning political candidates in the United States. Ridiculous plans to broaden the foundation’s priorities past his father’s “liberal aims” to embody voting and abortion rights, as well as gender fairness. “As much as I would like to get money out of politics, so long as the other side is doing it, we will have to do it too,” Alexander commented.
In December, the OSF board elected Alexander as its chairman, and he now oversees political activity as president of Soros’s political motion committee in the US.
Born in Hungary in 1930, George Soros survived the Nazi occupation due to his family’s efforts to safe false identification papers and assist other Jewish households do the identical. He has referred to this experience as his most “formative.” Soros went on to have a profitable career in finance and started his philanthropic work in 1979 by offering scholarships to Black South Africans living beneath apartheid. He later centered on freedom of thought and expression by funding tutorial visits to the West and supporting emerging impartial cultural groups, initially in Hungary..

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