It seems that the American speculator can no longer stand the crease, leaving his empire to his son, who not only wants to follow his father in his activities to influence the world, but also wants to precede him.
Alexander Soros, the 37-year-old son of György Soros, who took control of the $25 billion Soros empire last December, gave an interview to The Wall Street Journal, giving an insight into his future ideas. According to this, everything continues in the same way, only more radical and louder.
Alexander Soros aims to expand his father's liberal goals, but although they think alike, he wants to embrace other causes as well. Voting and abortion rights, as well as gender equality, are among these new issues, Magyar Nemzet reported following the American paper.
The young Soros would continue to use the family fortune to support left-wing American politicians.
Through the Open Society Foundation, the Soros empire directs about 1.5 billion dollars a year for various grants, research, universities and human rights purposes - but this, according to their interpretation, also includes such liberal elements as promoting the needs of gay marriage and the LGBTQ community. . Soros's Democracy PAC supports the election campaigns of U.S. district attorneys and law enforcement officials who seek to reduce incarceration rates and racial bias.
The younger Soros made no secret in the interview that he is more interested in politics than his father, saying that he had recently met with officials from the Biden administration, Democratic Senate Majority Leader Chuck Schumer, and heads of state, including Luiz Inácio Lula da Silva. with the Brazilian President and Canadian Prime Minister Justin Trudeau.
As he put it, all this in order to argue in favor of matters related to the family foundation - in other words, to shape the decisions of the decision-makers according to their goals.
Alexander Soros is worried about the possibility that former Republican President Donald Trump may return to the White House, so he hinted to the Wall Street Journal that the Democrats can still count on Soros money during the 2024 US presidential election.
György Soros built his fortune as a hedge fund manager in the 1970s and 80s, speculating on economic and political changes. One of his best-known bets was the crash of the British pound in 1992, which brought him more than a billion dollars in profits - and hardship for British taxpayers. When asked about the moral background of the case, he said: "I'm doing it to make money, I can't and I don't want to deal with the social consequences of my actions."
Later, in 2008, he made 675,000 dollars by shorting the Hungarian OTP bank (that is, by betting on the decline of the shares and promising to buy them later). In connection with the transaction, due to the violation of the legal provisions on the prohibition of market influence, a supervisory procedure was also initiated, and Soros Fund Management LLC was then ordered to pay a supervisory fine of HUF 489 million by the State Supervision of Financial Organizations (PSZÁF).
In an interview with CBS in 1988, when György Soros was asked whether he found it difficult to help confiscate the property of Hungarian Jews, he said: absolutely not, and he does not feel guilty. In the interview, it was said that he is not religious and that he believes that God was only created by man.
