George Soros has handed control of his $25 billion empire to his son Alex, who is a Harvard-trained lawyer. Alex played a key role in stabilizing the Soros investment firm after a tumultuous period.
George Soros is handing control of his $25 billion empire to his son Alex – who in recent years has been seen flying around the world to conduct business on behalf of his family’s Open Society Foundation.
In doing so, the 92-year-old Soros is passing over the family’s one-time ‘heir apparent,’ Jonathan Soros, 52 – the third child from George’s first marriage, and a Harvard-trained lawyer who stabilized the Soros investment firm after a tumultuous period saw several investment chiefs come and go.
“I expected Jonathan to be the one,” said former Open Society Foundation president Aryeh Neier, who ran the organization from 1993 to 2012.
Jonathan Soros thought he was the one as well, telling the Wall Street Journal; “I always knew he could change his mind,” adding “As a trader, it’s the thing he’s most famous for.”
Meta’s Chief Product Officer, Chris Cox, revealed the launch of a Twitter clone with the code name “Project 92.” The public name for this project could be “Threads.”
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