George Soros Hands Control of $25 Billion Empire to Son

Billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex.

Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is the one of the top 400 richest people in the world. In 2017, he shifted $18 billion from his family office to his Open Society Foundations — a group of charities that works in more than 100 countries — which Alex was named chair of in December, newswires said at the weekend.

Alex, speaking to the Wall Street Journal in an exclusive interview published over the weekend, said he is “more political” than his father and hinted at a significant financial role for the Soros organization in the US elections next year.

Voicing his concerns on a potential return of former US President Donald Trump, the 37-year-old Soros told the Wall Street Journal: “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.”

The older Soros, often targeted by right-wing conspiracists, has been one of the US Democratic Party’s largest donors — donating some $140 million to politically charged advocacy organizations and ballot initiatives in 2021.

Referred to as the man who “broke the Bank of England” after he shorted the British pound in 1992, reportedly making a profit of $1 billion, George Soros left Hungary at the age of 17 to attend the London School of Economics working as a railway porter and waiter.