Billionaire investor and liberal donor George Soros has handed over his multi-billion-dollar empire to his son, Alexander Soros, who will now run his father’s philanthropic enterprise
George Soros is a Hungarian-American investor, philanthropist, and political activist. He is widely regarded as one of the most successful investors in the world. Soros gained prominence through his hedge fund, Soros Fund Management, which he founded in 1970. He is known for his expertise in currency speculation and his ability to capitalize on market trends
Back in 1992, the now 92-year-old financier George Soros notably made $1 billion after betting against the British pound and “breaking the Bank of England.” He established the Open Society Foundations (OSF), a network of foundations and organizations operating in more than 120 countries. Alexander Soros, his son, will now be in control of the massive $25 billion empire
Previously, George Soros had claimed that he does not wish to hand over his OSF to any of his five children. However, the billionaire has handed over the control to Alexander saying that his son, 37-year old Alex, has “earned it”.
Alexander Soros, son of George Soros from his second wife Susan Weber, is currently the chair of the board of directors at OSF, the international grant-making network founded by his father. The OSF aims to promote democratic governance, human rights, and social justice around the world
Alexander Soros graduated from New York University in 2009 with a BA in history, and completed his PhD in 2018 from the University of California, Berkeley. He was a post-doctoral fellow at the Hannah Arendt Center for Politics and the Humanities at Bard College, an honorary fellow at the Institute for Advanced Study at Central European University in Budapest, and a visiting fellow at the Institute for Human Sciences in Vienna
Apart from writing for various publications such as New York Times, Reuters, Politico, and the Guardian, Alexander Soros is also the founding chair of Bend the Arc Jewish Action. He is part of the boards of Bard College, the Center for Jewish History, Central European University, the European Council on Foreign Relations, and International Crisis Group
As part of his role at the Open Society Foundations, Alexander Soros has been involved in supporting various initiatives and organizations. The foundation has provided funding for causes such as education, healthcare, human rights, and justice reform. It has also supported organizations working to combat poverty, discrimination, and injustice
Alexander Soros said that he is “more political” than his father, who is known for being outspoken when it comes to his political leanings. The junior Soros told Wall Street Journal in an interview that he would broaden the foundation’s priorities to include voting and abortion rights as well as gender equality
Alexander Soros has advocated for issues like immigration reform, criminal justice reform, and climate change mitigation. While he has been associated with his father's philanthropic and political endeavors, he also pursues his own interests and initiatives