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Jun 11, 2023 · In his first interview since he was tapped to take over the nonprofit Open Society Foundations (OSF), Alex Soros told The Wall Street Journal that he is "more political" than his...
- Ewan Palmer
- Overview
- Key financial role in the 2024 presidential race
Billionaire investor and philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
Soros' business holdings include his nonprofit Open Society Foundations, which is active in more than 120 countries around the world and funnels about $1.5 billion annually to groups that back human rights and promote the growth of democracies around the world, according to its website.
The 37-year-old, who goes by Alex, told the Wall Street Journal that he is "more political" than his 92-year-old father, who has been a right-wing target for his backing of liberal causes such as reducing racial bias in the justice system. But he noted that the two "think alike."
Alex said he was broadening his father's "liberal aims" and embracing different causes including voting and abortion rights, as well as gender equity. He said he aims to keep using the family's wealth to back left-leaning U.S. politicians.
Alex told the Wall Street Journal that he recently met with Biden administration officials, Senate Majority Leader Chuck Schumer and heads of state, including Brazil's President Luiz Inácio Lula da Silva and Canada's Prime Minister Justin Trudeau, to push for issues related to the family foundation.
In December, the board of Open Society Foundations, known as OSF, elected Alex as its chairman, succeeding his father. The newspaper also reported that Alex now directs political activity as president of Soros' super PAC.
During the interview with the newspaper, Alex expressed concern that former President Donald Trump would return to the White House and hinted that the Soros organization would play a key financial role in the 2024 presidential race.
"As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too," he said in the interview, held at the fund manager's New York offices.
Alex is the oldest of two sons from George Soros' marriage to his second wife, Susan Weber, according to the Wall Street Journal.
The appointment passes over George Soros' elder son Jonathan Soros, 52, a lawyer with a background in finance. He had been believed to be the clear successor until "a falling out and a change of heart," according to the paper.
Jun 11, 2023 · Also interviewed by the newspaper, Alex said he's "more political" than his father and that he plans to continue donating family money to left-leaning U.S. political candidates.
Jun 16, 2023 · In his first interview as the new chair of Open Society Foundations, 37-year-old Alex Soros told The Wall Street Journal that he is “more political” than his father and that he’s likely to ...
Jun 12, 2023 · The 37-year-old, who goes by Alex, told the Wall Street Journal that he is “more political” than his 92-year-old father, who has been a right-wing target for his backing of liberal causes...
Jun 12, 2023 · While they broadly share the same political views, he told the Wall Street Journal that he is "more political" than his father and that he would campaign against Donald Trump's attempt...
Jun 11, 2023 · Alex Soros told The Wall Street Journal he was "more political" than his father. His elevation has some parallels with HBO's "Succession" and the battle for the Roy empire.
