George Soros' empire

George and Alex Soros. TT, Wikipedia  

 

George Soros' empire 

The former "playboy" takes over Soros' billion-dollar empire 

 

Legendary financier George Soros is handing over his billion-dollar empire to his 37-year-old son Alex, WSJ reports.  

 

- He has earned it, says George Soros to the newspaper.  

 

The WSJ describes the announcement as surprising for several reasons. Several observers expected the 92-year-old to retain control of his organizations and companies until his death. In addition, the 52-year-old son Jonathan has previously been singled out as the obvious successor. 

 

In 2016, the Daily Mail drew a portrait of Alex Soros in which he was described as a rich "playboy", surrounded by photo models and NBA players.  

 

Since then, he is said to have become increasingly involved in the family's business and won his father's trust. Alex Soros tells the WSJ that he is more political than his father.  

 

He plans to use the family's deep pockets to oppose Donald Trump and support left-wing American politicians. 

 

George Soros. Francois Mori / AP  

Eldest son: "Always knew he could change his mind"  

 

52-year-old Jonathan Soros was long determined that it was he who would take over the family empire after his father George Soros. Now it was instead his 37-year-old half-brother Alex, writes WSJ.  

 

- I always knew that he (George) could change his mind. As a trader, that is what he is best known for, says Jonathan Soros to the newspaper.  

 

According to sources, the succession plan was changed because Jonatan challenged his father's authority when new managers were to be hired for the family's investment firm several years ago. 

 

- We did not agree on certain points. It became obvious to both of us, says George Soros.