Soros’ business holdings include his nonprofit Open Society Foundations
George , which is active in more than 120 countries around the world and funnels about $1.5 billion annually. | FABRICE COFFRINI/AFP/Getty ImagesNEW YORK — Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
Alex said he was broadening his father’s “liberal aims” and embracing different causes including voting and abortion rights, as well as gender equity. He said he aims to keep using the family’s wealth to back left-leaning U.S. politicians. The Wall Street Journal reported that the younger Soros is the only family member on the investment committee overseeing Soros Fund Management, which manages money for the foundation and the family.
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