Billionaire Leftist George Soros confirmed over the weekend that he is placing his multi-billion-dollar empire into the hands of his 37-year-old son Alex, NBC News reported.
In 2017, George Soros shifted $18 million from his family company to the Open Society Foundations, a group of charities that is active in over 100 countries. His son Alex was named chair of Open Society in December.
In an exclusive interview with the Wall Street Journal published over the weekend, Alex Soros told the outlet that he is “more political” than his father and suggested that he would play a more significant role in the Soros foundations’ plans for the 2024 elections.
Alex told the Wall Street Journal that while he would prefer to “get money out of politics,” so long as “the other side” continues to do it, “we will have to do it too.”
Jonathan Soros, the eldest son of George Soros, and Alex’s half-brother, who is the founder and CEO of the private investment firm JS Capital Management, was previously considered the “clear successor” to the Soros empire, according to the Wall Street Journal.
Soros told the Journal that as a “matter of principle,” he didn’t want the Open Societies Foundations to be put in the hands of one of his children, instead believing that it “should be managed by someone who is best suited.”
However, his son Alex “earned” his trust, he told the Journal.
After Soros Fund Management cut its stake in the electric vehicle giant Tesla, CEO Elon Musk attacked Soros claiming that the billionaire Leftist “hates humanity” and seeks to “erode the very fabric of civilization.
Soros told the Wall Street Journal that he is the “go-to man” when people want someone to blame.
In a recent interview with CNBC’s David Farber, Musk defended his comments, saying he will continue to say what he wants even if that results in losing money.
