‘I’m more political’: George Soros passes rule to son Alex, who vows to push more than $1.5BILLION to support liberal causes and far-left candidates
Financier George Soros has handed control of his $25 billion empire to his son Alex, who vows to use the family’s money to advocate for more liberal causes.
The 37-year-old heir told the Wall Street Journal that he will broaden his father’s waking goals, but embrace different goals, such as voting and abortion rights, as well as gender equality.
“I’m more political,” said Alex, comparing himself to his father. He has already visited the White House 14 times in just over a year and met with major Democrats.
But Soros’ nonprofit, the Open Society Foundation, already spends about $1.5 billion a year on groups that support human rights around the world and build democracies, while also funding several universities.
And the family’s super PAC, the Democracy PAC, has supported the election campaigns of awakened prosecutors and other law enforcement officials seeking to reduce incarceration rates and perceived racial bias in the justice system.
Financier George Soros has handed over rule of his empire to his son Alex, left
He has claimed to be “more political” than his notoriously awake father
In December, the OSF board elected Alex chairman, replacing his 92-year-old father.
He now directs political activities as president of Soros’ super PAC and is the only family member on the investment committee overseeing Soros Fund Management, the group that oversees money for the foundation and the family.
Alex plans to use about $125 million of his $25 billion reserve for the super PAC, while most of the money will be used for the OSF.
Speaking to the Wall Street Journal about his goals, Alex said he is concerned about the possibility of Donald Trump returning to the White House — suggesting the family will be a major contributor to Democrats in the 2024 presidential election.
“As much as I’d like to get money out of politics, as long as the other side is doing it, we’ll have to do it too,” he said.
But unlike many others on the left, Alex said he feels freedom of speech on campus has become too restricted.
“I have some differences with my generation regarding freedom of speech and other things,” he said.
“After all, I grew up watching Bill Maher before I went to bed,” he noted, referring to the TV personality who has spoken out against restrictions on free speech on college campuses.
Alex made more than a dozen trips to the White House last year
Alexander Soros, 37, regularly posts photos of himself with Democratic politicians, including Nancy Pelosi and Barack Obama
It marks a change in tone from his father, who is typically of a lower profile and exerts his influence through donations to liberal causes. He is pictured with Pelosi, left, and pictured with Secretary of Transportation Pete Buttgieg, right
Since taking over his father’s business, sources say, Alex has been paying attention to details his father would generally ignore.
He brings a small notebook to meetings, which he fills with notes for staff members.
“He can drive people in the foundation crazy because he’s so hands-on,” said Anthony Romero, executive director of the American Civil Liberties Union, which receives OSF funding.
But Alex was considered a contender to take over his family fortune,