The notorious billionaire George Soros, who has been accused of funding radical left-wing causes and undermining democracy around the world, has reportedly handed over control of his $25 billion empire to his son, Alexander Soros. The 37-year-old, who describes himself as “more political” than his father, has been appointed as the chairman of the Open Society Foundations (OSF), one of the largest and most influential philanthropic organizations in the world.
Alexander Soros, who has a PhD in history from the University of California, Berkeley, has been involved in the OSF since 2017, when he became the deputy chair. He has also been directing political activity as the president of his father’s political action committee, which supports liberal and progressive candidates and causes in the US. He recently met with Vice President Kamala Harris and tweeted a picture of himself with her.
The younger Soros said he plans to continue his father’s legacy of donating family money to left-leaning groups and movements, both in the US and abroad. He said he was committed to “defending voting rights and personal freedom at home and supporting the cause of democracy abroad”. He also said he was not opposed to spending money on politics, as long as “the other side” was doing it too.
George Soros, who is 92 years old and has a personal fortune of $6.7 billion, said he was proud of his son and that he had “earned” the appointment. The elder Soros, who was born in Hungary and survived the Nazi occupation, made his fortune as a hedge fund manager and currency speculator. He is best known for his bet against the British pound in 1992, which earned him $1 billion and earned him the nickname “The Man Who Broke the Bank of England”.
The OSF, which was founded by George Soros in 1979, has an annual budget of $1.5 billion and operates in more than 120 countries. It supports various causes such as human rights, democracy, education, health, justice and media. It has also been criticized by many governments and groups for interfering in their internal affairs and promoting a globalist agenda. Some of its critics include former US President Donald Trump, Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban.
The transfer of power from George to Alexander Soros marks a significant shift in the world of philanthropy and politics. It remains to be seen how the son will manage the father’s empire of evil and what impact it will have on the future of humanity.