Alex Soros Speaks Out After Taking Control of Father's $25 Billion Empire

(Photo : Alex Wong/Getty Images)
Alex Soros takes over his father George Soros' $25 billion business empire and plans to continue to support left-leaning politicians.

Alex Soros gives a first statement after taking control of father George Soros' $25 billion business empire
The 37-year-old said that he is more political than his 92-year-old father and reportedly plans to support left-leaning politicians
George has long supported left-leaning authorities by donating millions of dollars to their campaigns

Alex Soros, the 37-year-old son of 92-year-old billionaire and philanthropist George Soros, has spoken out in his first interview after taking control of his father's $25 billion business empire.

In a statement, Alex said that he is more political than his father, which could suggest that he plans to broaden George's liberal goals moving forward. The younger Soros reportedly intends to continue supporting left-leaning politicians in his father's footsteps.

Alex Soros Takes Control of Father's $25 Billion Empire

On the other hand, George said that he and his son think alike, adding that they agree on various issues, such as voting, abortion rights, and gender equity. Alex said he cannot stop putting money into politics as long as the other side continues doing so, as per Fox Business.

He also expressed concerns over the prospect of former United States President Donald Trump returning to the White House and reclaiming power. Alex was reported to have been elected as chairman of Soros' non-profit Open Society Foundations (OSF) in December.

Now, the 37-year-old directs political activity as president of Soros' super PAC, Democracy PAC, which has long supported left-wing district attorneys and law enforcement campaigns. He also met recently with Biden administration officials, including Senate Majority Leader Chuck Schumer.

Alex has also met with several heads of state, such as Brazilian President Luiz Inacio Lula da Silva and Canadian Prime Minister Justin Trudeau. Previously, George said that he initially did not want one of his children to become the successor to his foundation as "a matter of principle."

The billionaire philanthropist's business empire includes OSF, active in more than 120 countries worldwide. The foundation is known to funnel roughly $1.5 billion every year to groups such as those that support human rights and promote the growth of democracies around the world, according to Politico.

Continuing To Support Left-Leaning Politicians

Alex is the oldest of two sons from George's marriage with Susan Weber, his second wife. The billionaire philanthropist's elder son Jonathan Soros is a lawyer with a background in finance and was supposedly the one in line to take the reins before a falling out within the family.

In contrast to what others are saying, Alex says that he believes free speech has already become too restricted on some college campuses. He noted that he has some differences from his generation with free speech and several other things.

Prior to becoming a billionaire philanthropist, George spent several years in finance and investing. He was famous for aggressive trades, such as his decision to shorten the British pound in the 1990s.

More recently, the Hungarian-American businessman, a survivor of the Holocaust, founded the OSF and donated millions of dollars to political causes. Employees of the Soros Fund Management donated more than $179 million in the 2022 election cycle to several Democratic candidates and organizations, said Forbes.