Left-wing billionaire and philanthropist George Soros's passing of the torch of his $25 billion empire to his son, Alex Soros, is poised to have major ramifications in future elections and the liberal donor sphere.
The Open Society Foundations, which the elder Soros founded in 1993, is one of the top left-leaning grantmaking networks in the United States. OSF's board elected Alex Soros as president in December, while the 37-year-old is also now directing political activity for Democracy PAC, which George Soros launched in 2019 and has helped to elect liberal prosecutors under fire from Republicans for being soft on crime.
OSF, which is said to steer roughly $1.5 billion per year in grants to other organizations, has established itself as a dominant force in the tax-exempt giving world. The Open Society Policy Center, an advocacy group affiliated with the broader OSF network, doled out $140 million to left-wing causes in 2021, according to financial disclosures. This included $16.
Alex Soros also recently met with Canadian Prime Minister Justin Trudeau and Brazilian President Luiz Inacio Lula da Silva to discuss the Soros family's nonprofit group, according to multiple reports. The 37-year-old has been a frequent visitor to President Joe Biden's White House, scoring over a dozen visits since 2021, White House visitor logs show.
George Soros said he and his son"think alike," a claim that is sure to set the stage for questions from conservatives as to whether the younger Soros will, like the elder Soros, take charge of supporting left-leaning district attorneys.
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