Billionaire George Soros gives up his seat to his son

Famed American billionaire and financial speculator George Soros has transferred control of his $25 billion fortune to his 37-year-old son, Alexander Soros.

The 92-year-old financier Soros had previously said he did not want one of his five sons to take over the Open Society Foundations (OSF).

Yet George Soros, who passed on his 37-year-old son Alexander Soros to head his foundation and a $25 billion fortune, said his son had it coming.

HE SAID HE WAS MORE POLITICAL THAN HIS FATHER

In an interview with the Wall Street Journal, Alexander said he was “more political” than his father and that he plans to continue donating money to left-leaning US political candidates.

“As long as the other side does it, as long as I want the money out of politics, we’re going to have to do it,” Alexander said.

In the interview, Alexander said they would expand the priorities of the Open Society Foundations and that they would expand to include gender equality, as well as voting and abortion rights.

According to the news in WSJ; The Open Society Foundations (OSF), owned by Soros, provides annual funding of $1.5 billion worldwide.