At the age of 92, billionaire investor George Soros has officially handed over the reins to his 37-year-old son, Alexander, signaling a generational shift. Alexander Soros, who is more politically inclined than his father, has already held numerous meetings with White House officials and has been actively involved in engaging with world leaders to advance the causes supported by the family's nonprofit organization, Open Society Foundations. This foundation donates $1.5 billion annually to various causes aligned with left-wing ideologies.
JUST IN: Alex Soros to take control of his father’s entire $25 billion empire.
“I’m more political,” he added, while he discussed his plans to focus more money on abortion, LGBTQ, left-wing prosecutors, and “voting rights”.
This is a sad day for America.https://t.co/eDeJztORsR
— Proud Elephant 🇺🇸🦅 (@ProudElephantUS) June 11, 2023
While Soros's progressive agenda has faced criticism from figures like Elon Musk, who has called on Alexander to withdraw support for radical District Attorneys involved in reshaping the US justice system, there were doubts about George Soros relinquishing control while still alive. Soros had been adamant about not having any of his children take over the management of his foundation, believing that the most suitable person should lead it.
If @AlexanderSoros is serious about freedom of speech, then we have common ground.
But destroying public safety by electing DAs who won’t prosecute violent criminals needs to stop.
— Elon Musk (@elonmusk) June 11, 2023
The majority of Soros's $25 billion empire will be directed towards OSF, with $125 million set aside for the super PAC. George Soros has long been associated with left-leaning views and progressive activism, which has garnered objections from many, including Elon Musk, who once characterized him as someone who "hates humanity."
Alexander Soros intends to carry forward the family's liberal agenda by supporting left-leaning US politicians and urging Democrats to broaden their appeal to a wider range of constituents. He believes that the Democratic Party should focus on improving its message and expanding its appeal, particularly among Latino and Black voters.
Despite his own left-leaning views, Alexander Soros has made efforts to bridge the political divide in the United States, recognizing that supporting Trump does not necessarily imply being lost or racist. George Soros's decision to pass on the responsibility to his son comes at a time when the left has been actively promoting its progressive agenda.
George Soros believes that his son is the most suitable person to champion the family's liberal agenda and continue the legacy he initiated. Despite Alexander's more politically oriented approach, he shares his father's beliefs and ideologies, which he believes will enable the foundation to create a significant impact.