American billionaire George Soros hands over his empire to his son Alexander, who wants to oppose Donald Trump

He passes by hand. American billionaire and philanthropist George Soros is in the process of handing over control of his empire to his son Alexander Soros, who, in particular, wants to fight against the possibility of a return of Donald Trump to power, according to the Wall Street Journal.

Loathed by ultra-conservatives and constantly targeted with anti-Semitic overtones, George Soros began building a network of foundations in the 1980s (“Open Society Funds” or OSF) that invest around the world in various causes, economic and judicial reform, minority and refugee rights. and freedom of speech.

Worried about Trump’s re-election

At 92, he decided to hand over the reins of his organization to one of his sons, 37-year-old Alexander. In an interview with the Wall Street Journal published on Sunday, the latter explains that he is “more political” than his father and that he is worried about the idea that former Republican President Donald Trump could be re-elected to the White House in 2024.

“I wish money didn’t play such a big role in politics, but as long as the other side does it, we’ll have to keep doing it,” he told the daily.

More involved in local affairs than his father?

Under his leadership, OSF should continue on the same path (supporting democracies, politicians on the American Left, etc.), but also add other causes such as abortion rights or gender equality.

Alexander Soros was elected chairman of the fund’s board of directors in December and now leads the political activities assembled under the “superPKK,” a structure that allocates funds to campaigns of political candidates.

He is the only family member on the investment committee of Soros Fund Management, the firm that oversees the funds, according to the Wall Street Journal. The young Soros made it clear that he wanted to be more involved in the United States than his father. He supports programs that encourage Hispanic and African American voters to vote and encourages elected Democrats to communicate better.