Alex Soros: who is the heir to the Hungarian-born billionaire who will take control of his $ 25 billion empire

American billionaire George Soros has decided that his son Alex will be the one in charge of his $25 billion financial and charitable empire.

Soros, 92, of Hungarian descent, told in an interview with The Wall Street Journal that his son “He deserved it.”

Since the 1990s, part of the family’s wealth has been lost supporting the consolidation of democracy in dozens of countries.

But in recent years, George Soros has become the focus of anti-Semitic plots by right-wing groups.

A spokesperson for the billionaire confirmed to the BBC details of the interview published on Sunday.

The successor profile

Alex Soros, 37, has a degree in history and the second youngest of five children.

The chosen one is any family member serving on Soros Fund Management’s investment committeewith which they manage the $ 25,000 million and their charitable foundation, according to The Wall Street Journal.

Alex became president of the Open Society Foundations (OSF) in December.

His Hungarian-born father George Soros lived through the horrors of the Nazi occupation during World War II. His family hid his Jewish identity in order to survive.

After the war he left Hungary and moved to London, and later to New York where he earned billions from his financial activities.

Soros rose to fame in the UK after winning $1 billion betting on the fall of the pound in 1992.

When the Berlin Wall came down, paving the way for the establishment of democratic governments in the former Soviet bloc, he founded the Open Society Foundations (OSF) to aid the process.

Currently, the OSF allocates a few $1.5 billion a year in liberal causeseducation and human rights organizations in more than 120 countries.

The relationship with politics

George Soros is one of them largest Democratic Party donors in the United States.

His son Alex, although he shared broadly the same political views as his father, shared it The Wall Street Journal What’s “more political” and would campaign against Donald Trump’s bid to run for a second term as President of the United States.

“As much as I would like to get money out of politics, as long as the other side is doing it, we will have to do it too,” he said. Alex Soros, who is in charge of his father’s “super PAC”.the mechanism for funneling funds to political parties in the United States.

The Open Society Foundations, according to his son, will pursue the same goals as his father, including freedom of speech, criminal justice reform, minority and refugee rights, and support for liberal politicians.

But also wants to include initiatives on voting rights, abortion and gender equalityas we try to focus on a more US-focused agenda.

Some of his goals have angered the right, such as the fight against racial bias in the American justice system.

The OSF moved its international operations office from Budapest to Berlin in 2018 after the Hungarian government led by Viktor Orban explicitly campaigned against Soros personally and the work of his foundation.

Alex Soros is a fan of hip-hop and the New York Jets football team and he is known for leading a ‘high-flying’ social lifeparticipating in celebrity parties in Cannes and the Hamptons.

Also visited remote areas of the Amazon and sits on the board of directors of the human rights organization Global Witness.

“Our side needs to be more patriotic and inclusive,” he said The Wall Street Journal.

“Just because someone votes for Trump doesn’t mean they’re lost or racist.”