Left-wing billionaire George Soros has handed over control of his $25 billion financial empire to his son Alexander, The Wall Street Journal reports.
The board of directors of the Open Society Foundation elected a young Soros, who describes himself as “more political” than his father, as president in December, but George Soros said the position was “earned” by his second son. rice field. according to to the WSJ. Alexander is the only member of the family to serve on the board that oversees Soros Fund Management, the flagship arm of the $25 billion Soros financial empire. (Related: Texas legislature says Soros, along with Liberal Democrats, ‘dropped a nuclear bomb’ on state)
Most of Soros’ fortune will go to the Open Society Foundation, with at least $125 million going to the Democracy PAC, the WSJ reported.
The young Soros has met with Democratic Senator Chuck Schumer of New York, President Lula da Silva of Brazil and Prime Minister Justin Trudeau of Canada on issues involving the foundation, and has also spoken out against abortion rights and Democratic Party support. The WSJ reported that it also supports a ballot measure to do so. .
George Soros’ philanthropy has donated heavily to Democratic causes over the years, with one organization, the Open Society Policy Center, giving $140 million to left-wing groups in 2021. Soros also donated about $50 million. On the Democratic campaign committee in the 2022 midterm election cycle.
Investor and philanthropist George Soros has built a $25 billion empire. He ceded control of his business to his 37-year-old son Alex, who supports causes such as voting rights and abortion rights. https://t.co/T1W6bIytHa
— Wall Street Journal (@WSJ) June 11, 2023
The move would sidestep Jonathan Soros, 52, Alexander’s half-brother, The Wall Street Journal reported.
Soros, who has been the center of attention among conservatives since he made overthrowing George W. It operates through supporting the election campaigns of highly liberal prosecutors. Crime surged in six major cities where prosecutors backed by left-wing billionaires were elected.
Nice to catch up with Madame Vice President. @Kamala Harris! pic.twitter.com/857S5lvuv6
— Alex Soros (@AlexanderSoros) June 6, 2023
But the young Soros parted ways with the left on several issues, the WSJ reported.
According to The Wall Street Journal, Alexander Soros referred to the HBO host who has been critical of the left, saying, “I have some differences with my contemporaries when it comes to free speech and other things. After all. By the way, I grew up watching Bill Maher before going to bed.” Revoke culture and freedom of speech over child gender reassignment surgery.
The young Soros also called on liberals not to take Trump supporters too lightly.
“We need to improve to be more patriotic and inclusive,” he told the WSJ. “Just because someone votes for Trump doesn’t mean they lose or become racist.”
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