Soros Hands Son Control to Manage Most of Family’s $25 Billion of Assets

Billionaire philanthropist and investor George Soros, 92, is handing control of his Open Society Foundations to his son Alex, who was named chair in December.

The foundation donates money to humanitarian and democratic causes ranging from criminal justice reform to climate change initiatives and controls the majority of assets managed by Soros’s $25 billion family office. The news was first reported in the Wall Street Journal and confirmed by a spokesperson for the organization.