George Soros Passes The Torch To His Son, Vowing To Embrace A New Era Of Political Engagement

Written By BlabberBuzz | Monday, 12 June 2023 08:35 AM
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Billionaire philanthropist George Soros has confirmed that he will be handing over control of his $25 billion empire to his son, Alexander Soros.

The younger Soros, who describes himself as "more political" than his father, plans to continue funneling billions of dollars to left-wing causes and politicians. The Wall Street Journal broke the news of Alex Soros taking over the Open Society Foundations from his 92-year-old father. "We think alike," George Soros said of his son. On the other hand, Alex focuses on different causes, especially voting and abortion rights and gender equality.

The 37-year-old Soros is concerned about the prospect of former President Donald Trump returning to the White House. "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 told the WSJ. "He plans to continue using the family's deep pockets to back left-leaning U.S. politicians," the Wall Street Journal article read. The Open Society Foundations had funneled nearly $21 billion into left-leaning causes since 2000, according to a report published in January.

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Alex Soros has met with influential political power brokers, including French President Emmanuel Macron, Brazil's President Luiz Inácio Lula da Silva, Canada's Prime Minister Justin Trudeau, former President Barack Obama, Rep. Nancy Pelosi (R-Calif.), Sen. Chuck Schumer (D-N.Y.), and Sen. Cory Booker (D-N.J.). "Alex is more focused on domestic politics than his father," the article noted. "He has urged Democratic politicians to better hone their message, broadening the party's appeal."

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The Soros super PAC, Democracy PAC, has financed the election campaigns of progressive District attorneys and law-enforcement officials. Alex is the oldest of two sons from George's second marriage. However, Alex was not expected to be George's heir apparent. For many years, Alex's elder half-brother, Jonathan Soros, was expected to be the one to succeed George at the Open Society Foundations. Jonathan, the third child from George's first marriage, had a falling out in 2011, resulting in Jonathan parting ways with his father's investment business.

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Anthony Romero, executive director of the American Civil Liberties Union, which receives funding from the OSF, believes that Alex "is unlikely to be the boogeyman that George Soros was for the right." Soros' immense wealth has given Alex access to some of the world's most influential political power brokers. Soros' son plans to use the family's deep pockets to back left-leaning U.S. politicians, funneling billions of dollars to left-wing causes and politicians.

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