The 92-year-old US investor has chosen his 37-year-old son as his successor.
Dusseldorf One of the world’s most successful investors is retiring: 92-year-old George Soros wants to transfer his billion-dollar business empire to his second eldest son Alex. Alex Soros announced this in an interview with the Wall Street Journal.
The $25 billion Soros empire includes the Open Society Foundations, whose assets are managed by the family office Soros Fund Management. The foundation group gives around $1.5 billion annually to groups that advance human rights and democracy around the world, according to its website.
That Alex Soros follows his father is surprising. In the US media, the second youngest of a total of five children was considered an outsider when it came to succession. George Soros’ eldest son Jonathan was favored. The 52-year-old is the founder and head of the investment company JS Capital Management.
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