George Soros Passing Control of Empire to Son

Facts

• Billionaire George Soros, a hedge fund manager, and philanthropist who’s a major supporter of liberal causes, announced through a spokesperson Sunday that he’ll be handing control of his foundation and his entire $25B empire to his son Alexander.¹
• Previously, the elder Soros, 92, had said he didn’t want his family to inherit his Open Society Foundation (OSF), which does work in 120 countries and provides about $1.5B annually to human rights and anti-corruption organizations.²
• But he said in an interview that Alex, who recently became chairman of the OSF, has "earned" the right to take over. Alex is known for a "high-flying" lifestyle, reportedly attending celebrity parties in Cannes and the Hamptons and taking humanitarian trips to remote parts of the Amazon.³
• Alex Soros described himself in an interview as "more political" than his father, adding that he intends to expand his father’s "liberal aims" to include voting and abortion rights as well as gender equality.⁴
• Over the past several years, George Soros, who is a Holocaust survivor, has been the target of criticism from right-wing commentators and politicians.⁵

Sources: ¹Reuters, ²Al Jazeera, ³BBC News, ⁴Associated Press, and ⁵Forbes.

Narratives

• Democratic narrative, as provided by Newsweek. By passing control of his interests to Alex, George Soros has made sure that the Open Society Foundation will continue to support important causes that preserve democracy, while also focusing on other important human rights issues. If defeating Trump in the next election is a crucial step to protecting democracy in the US, then Alex Soros is the right person to oversee messaging and funding.
• Republican narrative, as provided by Daily Mail. If Alex Soros is going to continue his father’s vision, America's democracy and civil society are in trouble. The elder Soros’ spending led to the installation of woke DAs whose soft-on-crime policies have allowed criminals to take over US cities. This announcement means more government control — and Soros family control by proxy — if Democrats aren’t defeated.