Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday.
The spokesperson confirmed the details from an interview with Soros published in The Wall Street Journal on Sunday.
A hedge fund manager turned philanthropist and major backer of liberal causes, Soros, 92, said he previously didn’t want his Open Society Foundations (OSF) to be taken over by one of his five children.
But speaking of his decision to turn over the foundation and the rest of his $25 billion empire to his 37-year-old son, who goes by Alex, the elder Soros said: “He’s earned it.”
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