George Soros, the 25 billion empire surprising to his younger son Alexander (and not to the designated Jonathan) – Corriere.it
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Billionaire entrepreneur George Soros passes the baton. The new president of Open Society, one of the richest philanthropic foundations in the world worth 25 billion dollars, will be his 37-year-old younger son, Alexander. An appointment that came as a surprise, since the designated heir has always been considered his son Jonathan, a 52-year-old lawyer and financier. He earned it, the 92-year-old financier and philanthropist commented, who memorably made $1 billion in 1992 betting against the pound and bankrupting the Bank of England on a day known to history as “Black Wednesday”. Today his personal fortune is valued at around 6.7 billion dollars.
The objectives
Alexander, in an interview with Wall Street Journal, has stated that through the foundation — which provides financial support to civil society groups around the world to promote justice, education and public health — he intends to be more political than his father. In the past George Soros was one of the biggest donors to the Democratic Party of US history. The new Open Society Foundations summit has announced its intention to broaden the liberal objectives of engaging in the defense of the right to vote, gender equality and abortion in the country and has already expressed its alignments.
The political alignment
Alexander Soros has already met with US President Joe Biden and several officials in his administration, Senate Majority Leader Chuck Schumer, Brazilian President Luiz Incio Lula da Silva and Canadian Prime Minister Justin Trudeau. Also, it was said worried about the prospect of Donald Trump returning to the White Houseimplying that the foundation will play a significant financial role in the 2024 presidential race. The non-profit Open Society Foundations operates in more than 120 countries around the world and donates approximately $1.5 billion annually to uphold human rights and promote the growth of democracies around the world.
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