George Soros Passes Multi-Billion Foundation to Son with Political Ambitions

Billionaire investor and liberal donor George Soros has named his son Alexander as chairman of his multi-billion-dollar foundation, the Open Society Foundations (OSF). Alexander, who was quietly appointed in December, plans to continue donating family money to left-leaning US political candidates and directing political activity as president of his father’s political action committee. The foundation directs about $1.5bn a year to groups such as those backing human rights and helping to build democracies.