92-year-old investor George Soros has started handing over his $28 billion business to his youngest son, Alexander Soros. “He deserved it,” commented the financier about his decision.
George Soros announced the transfer of control of his assets in an interview with The Wall Street Journal.
“We think the same way,” the billionaire explained his choice.
At the same time, Alexander said that he and his father “think the same thing, but pursue different goals.” The 37-year-old businessman said he was more interested in politics than his father. He acknowledged that he would have to invest in that area to avoid the return to power of former US President Donald Trump.
“As much as I would like to make money out of politics, while the other side is doing it, we will have to do that too,” Alexander said.
The publication emphasized that before, George Soros did not want to transfer the leadership of the family fund to any of his relatives, but Alexander “earned his father’s trust” and showed his management skills.
Previously, George’s successor was considered to be his other son, 52-year-old Jonathan Soros. But due to disagreements, in particular, on the issues of hiring senior staff in the organization, the head of the stock empire changed his mind.
George Soros is the founder of Soros Fund Management, whose assets Bloomberg estimates at $28 billion. The investor himself has a fortune of 8.5 billion dollars, according to the agency, and 6.7 billion dollars, according to Forbes.
Photo: Alexandros Michailidis / Shutterstock
Author:
Ahmed Sadulayev
Source: RB
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