soros92, a hedge fund manager turned philanthropist and a strong supporter of liberal causes, said he initially did not want his Open Society Foundations (OSF) passed into the hands of one of his five children. However, when speaking of his decision to transfer the foundation and the rest of his empire from US$25,000 million to his son Alexander37, known as Alex, Soros said: “He’s earned it.”
Also interviewed by the newspaper, Alex said that he is “more political” than his father and that he plans to continue donating family money to support candidates on the American left.
“As much as I would like to get money out of politics, as long as the other side does it, we will have to do it too,” he said.
The OSF board of trustees elected Alex as president in December, and now he also leads political activity as chairman of Soros’s political action committee.
The foundation allocates some $1.5 billion a year to groups such as those who defend human rights around the world and help build democracies, the newspaper reported.
Thinking about succession
Recently, a Tweet from an account that had three followers claimed that the tycoon George Soros there was dead of a “violent heart attack”.
The message was taken by Twitter user Cillian and was viewed more than 745,000 times and went viral, with many users believing Soros was dead.
The rumor of the alleged death of Soros, who is 92 years old, had to be denied by his spokesmen, who reported on the businessman’s state of health. In a Soros tweet, he said: “Rumors that I had a heart attack are completely false. I am alive and healthy.”
Source: Ambito
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