Hedge fund tycoon and philanthropist George Soros revealed that he has handed over management of his enterprise empire to his 37-year-old son Alexander Soros.
In an interview to The Wall Road Journal, Soros senior, who had earlier mentioned he didn’t need any of his 5 youngsters to inherit his Open Society Foundations (OSF), mentioned Alexander “earned it”.
Alexander instructed WSJ that he’s extra political than his father and added that he intends to proceed supporting left-leaning US political candidates along with his household’s cash. “As a lot as I might like to get cash out of politics, so long as the opposite facet is doing it, we should do it, too,” he was quoted as saying.
In December, the OSF board had elected Alexander as its chairman and he now directs political exercise as president of Soros’ political motion committee.
“We’re going to double down on defending voting rights and private freedom at house and supporting the reason for democracy overseas,” Monetary Occasions Quoted Alexander as saying.