In a Succession-like turn of events, George Soros just ceded control of his empire to his 37-year-old son Alex, surprising those who expected his older brother Jonathan to be heir. The billionaire financier, now 92, built a $25 billion investing enterprise and is known for donating extensively to liberal causes through his Open Society Foundations.
Soros has five children with two wives, of which Alex is the fourth. People close to the matter long anticipated Jonathan, Soros’s third child, to assume his role, including Jonathan himself. However, Jonathan and his father “didn’t get on on certain points,” the elder Soros himself told the Wall Street Journal, without elaborating. Jonathan left the family investment empire in 2011 to start Athletes Unlimited, which operates women’s athletic leagues.
