Hungarian-American billionaire and philanthropist George Soros passes his empire on to his son, Alexander. The 37-year-old Alexander makes this known in an interview with The Wall Street Journal. With the transfer, Alexander – alias Alex – will gain control of the $ 25 billion (23 billion euros) of the Soros Fund Management, which also includes Soros’ Open Society Foundations (OSF).
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Alex Soros was elected Chairman of the OSF Board of Directors in December 2022. He says to the WSJ that he is “more political” than his father and wants to be more active in promoting abortion rights and gender equality, among other things. In addition, he plans to use his family’s money to support left-wing American politicians. For example, Alex wants the Democrats to sharpen their message and increase the party’s appeal. “Our side needs to be better at being more patriotic and inclusive. Just because someone votes Trump doesn’t mean they’re lost or racist.”
OSF annually donates about 1.5 billion dollars (about 1.3 billion euros) to organizations that stand up for human rights, freedom of the press and education, among other things. The OSF is the second largest philanthropic institution in the US after the Bill & Melinda Gates Foundation. The institution also supports many organizations that have influence in the Netherlands, such as Bellingcat, Amnesty International and Human Rights Watch. Soros’s progressive work has regularly made him the target of hate campaigns by the far right, which are very often anti-Semitic in nature.