George Soros Hands over $25 Billion Empire and Charities to His Son – Alex Soros

Jakarta –

US billionaire George Soros has turned over his $25 billion financial empire and charities to his son, Alex.

In an interview with Wall Street Journalthe Hungarian-born investor said his son had “made it”.

Since the 1990s the wealth of the Soros family has been directed to support the development of democracy in dozens of countries. George Soros is also one of the largest donors to the US Democratic Party.

However, in recent years, the former manager hedge fund the 92-year-old has become the focus of an anti-Semitic conspiracy.

Soros’ spokesman confirmed to the BBC the details of the interview published on Sunday.

Also read:

Who is Alex Soros?

Alex Soros. (Getty Images)

Alex, a 37-year-old history graduate, is the fourth of five children.

Alex is the only member of the Soros family to sit on the Soros Fund Management investment committee, which he obliges Wall Street Journal manage US$25 billion (worth IDR 370 trillion) belonging to their family and charities.

Alex took over the Open Society Foundations (OSF) as chairman in December and is also responsible for “Super PAChis father, which is a mechanism in the US to direct funds to political parties.

Although in general they share the same political views, Alex told Wall Street Journal that he is “more political” than his father.

Alex also said he would campaign against the candidacy bid of Donald Trump who wants a second term as US president.

“As much as I want to make money from politics, as long as the other side does it, we have to do it too,” said Alex Soros.

Alex Soros is a fan of hip-hop and the New York Jets American football team, who are known for having a glamorous social life. He is known to frequently attend celebrity parties in Cannes and the Hamptons.

He has also traveled to remote areas of the Amazon and joined the board of the human rights campaign group Global Witness.

“Our side must do better to be more patriotic and inclusive,” he told the paper. “Just because someone voted for Trump doesn’t mean they are misguided or racist.”

role in world politics

Under his control, according to Alex, the Open Society Foundations will pursue the same goals as under his father’s leadership.

The foundation continues to support free speech, criminal justice reform, minority and refugee rights, and supports liberal politicians.

However, she also wants to incorporate voting rights, abortion and gender equality initiatives while pursuing a more US-focused agenda.

His father, George Soros, was born in Hungary. As a child he lived under Nazi occupation from 1944 to 1945.

His family hid their Jewish identity in order to survive.

After the war Soros left Hungary for London. Then he moved to New York, where he made his billions through hedge fundan investment fund management system or hedge fund.

He became famous in England after making US$1 billion betting that the pound would fall in 1992.

When the Berlin Wall fell and the way opened for the formation of a democratic government in the former Soviet bloc, he founded Open Society Foundations (OSF) to support the process.

OSF now spends approximately US$1.5 billion annually to support liberal movements, education and human rights organizations in more than 120 countries.

Some of those goals have angered the far right, including tackling racial bias in the US justice system.

OSF moved its international operations office from Budapest to Berlin in 2018 after the Hungarian government led by Viktor Orban explicitly campaigned against Soros personally and against the foundation’s actions.

See also Videos’Bahlil: The RI Conglomerate Keeps the Same People’:

(it/it)