The fortune of George Soros is estimated at 25 billion dollars and his heir intends to use it to fight against the re-election of Donald Trump.
At 92, businessman George Soros has a fortune of $25 billion. Funds essentially devoted to foundations very marked on the left. His heir, Alexander Soros, close to the White House, wants to amplify this anchoring and fight against a re-election of Donald Trump next year during the presidential election in the United States.
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George Soros’ commitments have been known since the late 1970s. AT At that time, he granted scholarships to black South African students fighting against apartheid and financially supported dissidents to the communist regimes of Central Europe. From the 1990s, his foundations subsidized programs to help drug addicts, campaigned for same-sex marriage, the decriminalization of cannabis and the social advancement of the black community in the United States. Its commitment has become more and more social over the years, for example by financing NGOs claiming to be “the intersectionality of struggles“.
A fortune on a roll of the dice
The wealth of George Soros comes from the hedge fund he created in 1970 in the United States, the country where he immigrated in 1956, after a stint in London at the London School of Economics. A spectacular journey for this son of a Jewish family in Budapest, who escaped the Nazis before fleeing communism. It was in 1992 that his fortune took on a considerable dimension, thanks to a bet on the fall of the pound sterling at a time when the United Kingdom was sinking into the economic crisis. This operation brings him his first billion dollars.
The 37-year-old Alexander is the eldest son from George Soros’ second marriage. Asked why he was named heir, his father simply replies that “he deserved it“.
The billionaire’s successor says he is even more political than his father. Alexander Soros will now lead Open Society Foundationsthe network set up by George Soros to support the American left, promote minorities, gender equality and encourage black and Latino voters to vote. Alexander is also a regular at the White House, who assiduously frequents the notable Democrats.
On the political level, this designation should not silence the critics against the billionaire, accused by his detractors of being both a speculator and a whistleblower of capitalism. Last month in a tweet, Elon Musk accused George Soros of “hate humanity and erode the fabric of civilization“.