Billionaire financier George Soros told the Wall Street Journal in an interview published on Sunday that he was handing control of his massive empire to his son, Alexander Soros.
A hedge fund manager turned philanthropist and major backer of liberal causes, Soros, 92, said he previously didn't want his Open Society Foundations to be taken over by one of his five children.
Also interviewed by the newspaper, Alex said he's "more political" than his father and that he plans to continue donating family money to back left-leaning U.S. political candidates.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
George Soros Hands Control to His 37-Year-Old Son: ‘I’m More Political’Investor and philanthropist George Soros built a $25 billion empire. He is handing control to his 37-year-old son Alex, who embraces such causes as voting and abortion rights.
Read more »
George Soros Anoints 37-Year-Old Son Alex His SuccessorAlex Soros says the Democratic Party needs to “be better about being more patriotic and inclusive” and that “just because someone votes Trump doesn’t mean they’re lost or racist.”
Read more »
Billionaire philanthropist MacKenzie Scott grants $1 million to Colorado early education nonprofitBillionaire MacKenzie Scott has awarded $1 million to a small, low-profile Colorado non-profit, whose leaders remain a bit stunned.
Read more »
George Santos files appeal to keep names of those who helped post $500,000 bond sealedA judge in New York had granted a request from media organizations to reveal their identities, but gave Santos until Friday to appeal.
Read more »
George Santos’s Family Members Cosigned Bond in Fraud Case, Lawyer SaysA lawyer for Rep. George Santos said the cosigners of the congressman’s $500,000 bond in his fraud case are family members
Read more »
Family mourns father of 5 crushed to death by concrete wall in PacoimaJavier Calderon died after a cinder-block wall collapsed on him - his daughter believes he saved his co-worker's life
Read more »