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The Journal.

The Unlikely Successor to the George Soros Empire

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 16 June 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

George Soros, the legendary investor, philanthropist and right-wing target, is handing control of his $25 billion empire to his fourth child—Alexander Soros, a former party boy and self-described center-left thinker. WSJ’s Gregory Zuckerman on how Alex Soros plans to deploy his family’s vast fortune. Further Reading: - George Soros Hands Control to His 37-Year-Old Son - The Soros Era Is Over on Wall Street Interested in other succession stories? Listen to: - The World's Richest Person Is Planning for Succession - Scholastic's Succession Drama Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Our colleague Greg Zuckerman has spent decades covering big name investors.

0:10.8

People who've had huge impacts on the American economy and politics.

0:15.0

And among them, there's one name that really stands out.

0:19.8

Billionaire George Soros.

0:22.4

Well, George Soros is one of these people that very few don't have an opinion about.

0:29.8

People often loathe him, despise him, demonize him, and others have a lot of respect for him

0:37.0

still on Wall Street.

0:38.6

A divisive figure.

0:40.2

Yeah, very few people are as divisive.

0:42.7

George Soros is the puppet master.

0:45.0

Now go to a person holding a sign who gets paid by Soros or somebody.

0:48.9

It's almost like he's an evil person in a Batman movie.

0:53.1

Soros is reviled by some on the right for his $25 billion empire that supports liberal

0:59.7

politicians and causes.

1:02.5

And now the 92 year old is planning for the future.

1:06.5

And he's decided which of his five children will run his organization.

1:15.4

It's not the son that you would have expected who's taking over.

1:18.6

And I find that aspect fascinating too.

1:20.8

If you don't care about politics, if you don't care about finance, you might care about

1:24.0

family dynamics and you can't help but seize on the dynamic there where the most likely

1:33.6

heir apparent in the end was not the successor.

1:37.1

And the least likely son emerged to take the helm of the empire.

...

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