George Soros
George Soros passes his Empire to son Alexander
American billionaire and philanthropist George Soros is handing over control of his empire of foundations, valued at $25 billion, to his son Alexander Soros, the Wall Street Journal reported.
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Soros surrendered his empire: "He deserved it"
George Soros, who made a billion dollars "betting" against the British pound, said earlier that he did not want his foundation to be taken over by any of his five children.
However, he appointed Alexander as director of one of the world's richest philanthropic foundations.
"He deserved it," said Soros, whose fortune is estimated at $6.7 billion.
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Democracy Digest: Slovak President Threatens to Sue Fico as Political Tensions Rise
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