Billionaire financier and political activist George Soros told The Wall Street Journal that he had ceded control of his $25 billion empire to his son, Alex Soros, who suggested that he would be even more politically engaged than his father.
The Democrat megadonor told the outlet that he initially didn’t want to cede control of the foundation to any member of his family “as a matter of principle.”
However, he said that he and his son “think alike” and that he’s taking over at the helm of the foundation because “he’s earned it.”
Alex Soros told the outlet that he’s “more political” than his father and that he’s worried about the prospect that former President Donald Trump might win the 2024 race for the White House.
“As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too,” he told the Journal, suggesting that the deep pockets of the Soros organization will be deployed to support presidential campaigns opposing Trump.
Alex Soros was quietly elected to the OSF board as its chairman in December 2022, per Reuters.
He now directs political activity as president of Soros’s political action committee.
The Epoch Times reached out to the OSF for comment and with a request for further details on the future political engagement of the organization, but didn’t receive a response by press time.
‘Soros DAs’George Soros, a Hungarian-born investor worth billions, is a controversial figure in the United States after groups tied to him poured money into left-wing district attorney candidates’ campaigns across the country.
“I think some on the right would rather focus on far-fetched conspiracy theories than on the serious charges against the former president,” he told Semafor.
“The funds I provide enable sensible reform-minded candidates to receive a hearing from the public,” he wrote.
“In recent years, reform-minded prosecutors and other law-enforcement officials around the country have been coalescing around an agenda that promises to be more effective and just.”
Soros noted that this includes less-punitive criminal justice policies.
“This agenda includes prioritizing the resources of the criminal-justice system to protect people against violent crime. It urges that we treat drug addiction as a disease, not a crime. And it seeks to end the criminalization of poverty and mental illness,” he wrote.
“This is why I have supported the election (and more recently the re-election) of prosecutors who support reform. I have done it transparently, and I have no intention of stopping.”
Alex Soros’s remarks to the Journal and the Financial Times suggest that the OSF and affiliated groups will continue to press ahead with the agenda charted by George Soros.
Malloch-Brown said in a speech that if there’s “one watchword for this new framework of global governance, it must be ‘inclusivity,’” and along with it, “a multilateralism that has the roots and staying power for the new world that we are going into.”
He said a challenge of this new world would be whether collective rights supersede individual rights and whether “the interest of the state to build that green transition, provide inclusive growth means that it’s at the expense of human rights.”
“It’s not at all clear where that battle lands, as it’s not at all clear where the battle for democracy lands,” Malloch-Brown said.
Musk Calls George Soros ‘Magneto’Twitter CEO Elon Musk recently sparked controversy when he compared George Soros to the X-Men supervillain Magneto.
Musk said that Soros “wants to erode the very fabric of civilization” and “hates humanity.”
Musk’s comments came after Soros’s investment management firm, Soros Fund Management, confirmed in a filing with the U.S. Securities and Exchange Commission that it had sold off its entire stake in Tesla’s stocks in the first quarter of this year.
Jonathan Greenblatt, CEO of the civil rights group Anti-Defamation League, said Musk’s remarks would “embolden extremists.”
“It’s freedom of speech; I’m allowed to say what I want,” Musk said in the interview.