The younger Soros' actions, particularly his ostentatious display of wealth and power, have been suggested to have negative implications for the family's philanthropic organization, the Open Society Foundations.
The article, published this week, unfolds within the opulent confines of Alex Soros' Manhattan penthouse. The residence, a symbol of his disregard for public perception, is presented as a testament to his obliviousness or indifference, according to the magazine. "The setting itself is a testament to a certain indifference to public opinion on Alex’s part — or perhaps a lack of awareness," the story reads.
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The magazine further highlights an incident from last fall, where Alex Soros hosted a fundraiser for vice-presidential candidate Tim Walz at his apartment. The event, followed by the posting of photos on social media, created a public relations predicament. "It was deemed unhelpful to a presidential ticket straining to underscore its regularness that the son of the 94-year-old hedge-fund billionaire accused of puppeteering the Democratic Party was publicly advertising his centrality to the election effort from a New York City penthouse," the article states.
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The social media post featuring Walz, who was positioned as a candidate who could connect with rural and working-class voters, in the luxurious penthouse, drew sharp criticism. Digital strategist Greg Price commented, "This guy goes around saying he's a small town midwestern guy who understands the struggles of the middle class and then goes to hang out at the floating home in the sky of the world's biggest billionaire nepo baby." Journalist Jerry Dunleavy added, "A post like this does nothing to help Kamala Harris & Tim Walz win — if anything, it hurts them."
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As reported by Fox News Digital, Alex Soros' penchant for hobnobbing with influential figures has caused discomfort within the foundation. His influence is undeniable, given that the Open Society Foundations is the second-largest charitable foundation in the U.S., only behind the Gates Foundation. It annually disburses approximately $1.5 billion, funding not only liberal causes but also major dark-money nonprofits aligned with the Democratic Party.
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Fox News Digital has also tracked Soros' online activities, including his numerous photos with Democratic politicians. His connections include some of the most influential figures in the Democratic Party. During the Biden administration, Soros visited the White House over 22 times, meeting both Biden and Harris. His social media profiles are replete with images of him with leading House and Senate Democrats since 2018, including Senate Minority Leader Chuck Schumer and former House Speaker Nancy Pelosi.
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Soros' financial contributions to the Democratic Party are substantial, though not as extensive as his father's. In 2020, he donated over $700,000 to the Biden Victory Fund, making him one of its top donors. For the 2024 cycle, he has already maxed out $6,600 in donations directly to Biden's campaign. Since the 2018 elections, he has poured more than $5 million into federal political coffers, with his largest contribution being $2 million to the Schumer-aligned Senate Majority PAC.
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The New York Magazine article concludes by noting that the Soros network spent hundreds of millions in the last election cycle to elect Democrats and promote progressive causes. It suggests that Soros was "probably the biggest liberal donor of the most recent election cycle," but the exact amount remains uncertain due to untrackable dark-money spending. This revelation raises questions about the transparency of political funding and the influence of wealthy donors on democratic processes.
