Claiming to prevent Trump from running for president again, Soros and his four sons take over the Open Society Foundation | Soros | Society
On the 11th, American media reported that renowned investor George Soros has handed over a $25 billion "financial empire" to his fourth son, Alexander Soros. The media usually refers to this heir as Alex.
Soros has five children, and Alex, who is 37 years old, ranks fourth. He is studying history at university. According to The Wall Street Journal, 92 year old Soros said in an interview that Alex won all of this with his strength.
On the 11th, a spokesperson for the non-profit organization "Open Society Foundation" founded by Soros confirmed to Agence France Presse that Alex is currently the chairman of the foundation's board of directors. The Wall Street Journal reported that in December last year, members of the Open Society Foundation's board of directors quietly elected Alex to replace Soros in this position.
Soros was born in Hungary and later immigrated to the United States. In the 1970s and 1980s, he accumulated a large amount of wealth and became a famous investor. Soros later established the Open Society Foundation to support relevant institutions, organizations, and universities, claiming to promote the development of justice, education, and independent media worldwide. However, the foundation is not popular in some countries, such as being recognized by Russia as an unpopular organization in 2016. In the evaluation of 200 think tanks and lobbying groups worldwide by the non-profit organization Transparify in the United States, the Open Society Foundation was accused of financial opacity and ranked bottom for three consecutive years from 2014 to 2016.
Soros is one of the largest donors of the Democratic Party of the United States domestically. Alex said in an interview that he will inherit his father's career and strive to achieve his father's "liberal goals".
According to The Wall Street Journal, Alex is the only member of the Soros family on the investment committee of Soros Fund Management. This fund management company is responsible for managing the assets of the Soros family and the Open Society Foundation. According to a spokesperson for Soros, the majority of Soros Fund Management's $25 billion assets will be handed over to the Open Society Foundation in the coming years.
Alex is also the president of the Super Political Action Committee, which Soros donates to American candidates, responsible for the organization's political activities. He said in an interview that his main goal is to prevent former President and Republican Donald Trump from running for President of the United States again, and that he will ensure that the institutions of Soros's "financial empire" play a crucial role in the 2024 presidential election.