George Soros hands control of his $25 billion empire to his son Alex

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George Soros hands control of his $25 billion empire to his son Alex
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The older Soros, often targeted by right-wing conspiracists, has been one of the U.S. Democratic Party's largest donors.

from his family office to his Open Society Foundations — a group of charities that works in more than 100 countries — which Alex was named chair of in December., said he is "more political" than his father and hinted at a significant financial role for the Soros organization in the U.S. elections next year. The Open Society Foundations did not immediately respond to a CNBC request for comment but a spokesperson did confirm the details of the interview with the Reuters news agency.

Voicing his concerns on a potential return of former U.S. President Donald Trump, the 37-year-old Soros told the Wall Street Journal: "As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too." The older Soros, often targeted by right-wing conspiracists, has been one of the U.S. Democratic Party's largest donors —to politically charged advocacy organizations and ballot initiatives in 2021.

Referred to as the man who "broke the Bank of England" after he shorted the British pound in 1992, reportedly making a profit of $1 billion, George Soros left Hungary at the

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