Left-wing billionaire George Soros has ceded control of his approximately $25 billion financial portfolio to his son Alexander, as reported by The Wall Street Journal. Serving as chairman of the Open Society Foundations, Alexander is the only person in the family who holds a position on the Soros Fund Management – the chief engine of the vast Soros fortune.
At least $125 million of the funds have been allocated specifically to the Democracy PAC, a political action committee. Notably, the post of chairman was earned by Alexander – something his father George Soros was more than willing to endorse.
Investor and philanthropist George Soros built a $25 billion empire. He is handing control to his 37-year-old son Alex, who embraces such causes as voting and abortion rights. https://t.co/T1W6bIytHa
— The Wall Street Journal (@WSJ) June 11, 2023
Alexander has testified to his own political leanings, describing himself as “more political” than his father, and his political stance is evident through his meetings and dealings with the likes of Democratic Senator Chuck Schumer of New York, Brazilian President Lula da Silva, and Canadian Prime Minister Justin Trudeau.
George Soros’ legacy of furthering Democratic causes through his philanthropic endeavors has defined his career, with the Open Society Policy Center gifting a total of $140 million to a range of left-wing causes this year alone. Furthermore, the billionaire has donated an impressive $50 million to assorted Democratic campaign committees in preparation for the 2022 mid-term elections.
In contrast to his father’s contributions, Alexander sympathizes with certain members of the conservative movement – receiving a subtle nod from George Soros in this regard. In light of the far left’s approach to topics such as free speech, Alexander proclaimed his admiration for Bill Maher, a liberal celebrity in America – breaking the mold when it comes to the political circus. Additionally, Alexander has urged supporters of the left to be “more patriotic and inclusive”, opining that individuals who voted for Donald Trump may not necessarily be “lost or racist”.
Great to catch up with Madame Vice President, @KamalaHarris! pic.twitter.com/857S5lvuv6
— Alex Soros (@AlexanderSoros) June 6, 2023
The potential succession of Jonathan Soros, the half-brother of Alexander, to the helm of the Soros dynasty was brought to an abrupt end years ago. The debacle concluded with the 52-year-old’s business relationship with his father in shambles, alongside his resignation from the Open Society Foundations. To everyone’s surprise, Alexander stepped up to the throne in December of last year.
This means is that the world can expect Soros 2.0 to start making his way through every fascist in the political and legal system—If he is anything like his dad.