Billionaire philanthropist and donor George Soros has passed control of his $25 billion foundation to his son, Alex.
Soros confirmed he made 37-year-old Alex, a history graduate, chairman of his Open Society Foundation in December, telling the Wall Street Journal “he’s earned it,” in an interview on Sunday. He had been deputy chair of the foundation since 2017.
He is also in charge of his father’s “super PAC, a US mechanism to direct funds to political parties, the BBC reported.
While they broadly share the same political views, Alex told the Wall Street Journal that he is "more political" than his father and that he would campaign against Donald Trump's attempt to run for a second term as US president. George Soros is one of the largest donors to the US Democratic Party.
While continuing to pursue free speech, criminal justice reform, minority and refugee rights, and backing liberal politicians, Alex said he wants the Open Society Foundations to include voting rights, abortion and gender equity initiatives under a more domestic US-focused agenda.
Now aged 92, George Soros gained notoriety in the UK in 1992 after he made $1 billion by betting against the pound.
According to the BBC report, Alex Soros is a fan of hip-hop and New York Jets American football team, who is known for having a high-flying social life, and attending celebrity parties in Cannes and the Hamptons. He has also travelled to remote parts of the Amazon and joined the board of the human rights campaign group, Global Witness.
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