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☆ Meet Alex Soros, the 37-year-old son of legendary investor George Soros: Once known for a highflying social life, he is now taking over a $25 billion empire.
  + stars: | 2023-06-12 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
Alex Soros, the 37-year-old son of George Soros, has taken over the reins of his father's empire. He has turned his image around and is now at the helm of Soros' Open Society Foundations. Alexander Soros, the 37-year-old son of legendary investor George Soros, has taken over the reins of his father's empire in what is seen as a 180-degree departure from his previous playboy image. Alex — the elder son of George Soros and his second wife, historian Susan Weber — wasn't always in the pole position to take over the empire. An Open Society Foundations spokesperson confirmed to Insider that Alex has been named chair of the Open Society Foundations.
Persons: Alex Soros, George Soros, Alex, Alexander Soros, Alexander —, Alex —, George Soros's, Susan Weber — wasn't, Jonathan Soros, Soros, Joe Biden, Justin Trudeau, Dionysus, Heine, Nietzsche, Marx Organizations: Soros, Society, Soros Fund Management, Wall Street Journal, OSF, Wall Street, Open Society, Canadian, New York Times, New York, NBA, University of California, Biden White Locations: Southampton, —, Berkeley, Budapest
☆ Wall Street Journal: George Soros has handed control of his charitable and political activities to his son Alex
  + stars: | 2023-06-12 | by ( Chris Isidore | ) edition.cnn.com   time to read: +2 min
New York CNN —Billionaire George Soros, a leading philanthropist and contributor to liberal political causes, has tapped his 37-year old son Alexander Soros to lead his charitable foundation and political action committee, according to the Wall Street Journal. In an interview with the Journal Sunday, Alexander Soros was revealed to be the chair of the Open Society Foundations, Soros’ main philanthropic organization. George Soros, 92, is worth an estimated $6.7 billion according to Forbes, but his foundations are worth far more than that. He has given $32 billion to his Open Society Foundations, according to its website. His political action committee, Democracy PAC, gave $81 billion in political donations during the 2019-2020 election cycle, according to Open Secrets, which tracks political donations and spending.
Persons: George Soros, Alexander Soros, Alex, Chuck Schumer, Luiz Inácio Lula da Silva, Justin Trudeau, Forbes Organizations: New, New York CNN, Wall Street, Sunday, Open Society, Soros, Biden Administration, Canada’s, Democracy PAC Locations: New York
☆ George Soros hands control of his $25 billion empire to his son Alex
  + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com   time to read: +2 min
George Soros, billionaire and founder of Soros Fund Management LLC, speaks during an event on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, May 24, 2022. Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex. Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is the one of the top 400 richest people in the world. 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. Billionaire Elon Musk recently took to Twitter to attack Soros after his Soros Fund Management cut its stake in Tesla.
Persons: George Soros, Alex . Soros, Forbes, Alex, Donald Trump, Soros, Elon Musk Organizations: Soros Fund Management, Economic, Open, Wall Street, Soros, Society, CNBC, Reuters, U.S . Democratic, Bank of England, London School of Economics, Twitter, Fund Management Locations: Davos, Switzerland, U.S, Hungary
☆ George Soros Gives Control of His $25 Billion Foundation to His Son
  + stars: | 2023-06-12 | by ( Michael J. De La Merced | ) www.nytimes.com   time to read: +1 min
After decades running one of the most prominent and politically active financial empires, George Soros is handing the reins of his $25 billion Open Society Foundations to his son Alex, the grant-making network confirmed on Monday. Alex Soros, the second-youngest of George’s five children, was elected the foundation’s chairman in December. He also serves as president of the Soros super PAC and is the only family member on the investment committee for Soros Fund Management, a private investment management firm. That will put him in charge of a philanthropic empire, funded from the billions that George Soros made from finance. Over five decades, George Soros cemented his reputation as one of the most successful investors in modern history, particularly when he made more than $1 billion by betting against the British pound in 1992.
Persons: George Soros, Alex, Wall, Soros, Alex Soros Organizations: Soros, Soros Fund Management
☆ Billionaire George Soros hands control of empire to son Alex
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +1 min
June 11 (Reuters) - Billionaire financier George Soros is handing control of his massive empire to his son Alexander, a Soros spokesperson said on Sunday. The spokesperson confirmed the details from an interview with Soros published in The Wall Street Journal on Sunday. But speaking of his decision to turn over the foundation and the rest of his $25 billion empire to his 37-year-old son, who goes by Alex, the elder Soros said: "He's earned it." Billionaire investor George Soros speaks to the audience at the Schumpeter Award in Vienna, Austria June 21, 2019. The OSF board elected Alex as its chairman in December, and Alex now directs political activity as president of Soros' political action committee.
Persons: George Soros, Alexander, Soros, Alex, He's, Lisi Niesner, he's, Carolina Mandl, Rami Ayyub, Michael Erman, Mark Porter Organizations: Soros, Society, Billionaire, REUTERS, OSF, Carolina, Thomson Locations: Vienna, Austria, New York, Washington, New Jersey
☆ Billionaire George Soros hands control of empire to son, Wall Street Journal reports
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +1 min
June 11 (Reuters) - Billionaire financier George Soros told the Wall Street Journal in an interview published on Sunday that he was handing control of his massive empire to his son, Alexander Soros. But speaking of his decision to turn over the foundation and the rest of his $25 billion empire to his son, Alexander, 37, who goes by Alex, the elder Soros said: "He's earned it." Also interviewed by the newspaper, Alex said he's "more political" than his father and that he plans to continue donating family money to back left-leaning U.S. political candidates. The OSF board elected Alex as its chairman in December, and Alex now directs political activity as president of Soros' political action committee. The foundation directs about $1.5 billion a year to groups such as those backing human rights around the world and helping build democracies, the Wall Street Journal reported.
Persons: George Soros, Alexander Soros, Soros, Alexander, Alex, He's, he's, Rami Ayyub, Mark Porter Organizations: Wall Street, Society, OSF, Wall Street Journal, Thomson
☆ George Soros Hands Control to His 37-Year-Old Son: ‘I’m More Political’
  + stars: | 2023-06-11 | by ( Gregory Zuckerman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/george-soros-heir-son-alexander-soros-e3c4ca13
Persons: Dow Jones, george, soros, alexander, e3c4ca13
☆ George Soros hands over his $25 billion empire to one of his sons — and yes, it's a bit like 'Succession'
  + stars: | 2023-06-11 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
George Soros has handed control of his foundation and investment fund to his 37-year-old son Alex. George Soros, 92, has handed the reins of his $25 billion empire to his 37-year-old son in a decision that has surprised some. There are some parallels between the Soros succession and the Roy siblings' battle for control of Waystar Royco in HBO's "Succession." "He's earned it," George Soros told the newspaper. Representatives for George Soros didn't immediately respond to a request for comment from Insider, made outside normal working hours.
Persons: George Soros, Alex, Alex Soros, HBO's, Roy, George Soros's, Soros, Jonathan Soros, Kendall Roy, Jonathan, He's, Roman Roy, Roman, Kendall, George Soros didn't Organizations: Wall Street, Morning, Soros's, Foundations, Soros Fund Management, New York, NBA, Biden White, . Locations: HBO's, White
☆ Tucker Carlson called Ukraine's Jewish leader Zelenskyy 'rat-like' on his Twitter show, repeating a well-worn antisemitic trope
  + stars: | 2023-06-08 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com   time to read: +3 min
In his new Twitter show, Tucker Carlson called Ukrainian leader Volodymyr Zelenskyy "rat-like." Tucker Carlson kicked off his new Twitter show with an antisemitic trope. During the debut of his show, the recently ousted Fox News host called Ukraine's Jewish president "rat-like" — repeating an age-old slur used against Jews. "Ukraine, as you may have heard, is led by a man called Zelenskyy. The slur of depicting Jews as vermin dates back to the early 20th century, The Guardian reported in 2015.
Persons: Tucker Carlson, Volodymyr Zelenskyy, Carlson, —, Vladimir Putin, oligarch, BlackRock, George Soros, Soros, Carlson didn't Organizations: Ukraine, Fox News, NBC News, Guardian, Defamation League, Twitter, Israeli, Haaretz Locations: Russian, Southern Ukraine, Ukrainian, Russia, Ukraine, Nazi Germany, Nazi
☆ Companies are using Twitter's own tools to keep their ads away from Elon Musk's tweets
  + stars: | 2023-06-06 | by ( Chris Kaye | ) www.businessinsider.com   time to read: +3 min
Elon Musk told the BBC in April that "almost all advertisers have come back to Twitter." Ad revenue from April 1 to the first week of May was down 59% from a year earlier, NYT reported. Brands and agencies continue to limit spending on the platform over misleading and hateful content. While Elon Musk claims that "almost all advertisers have come back to Twitter," some still don't want anything to do with the company's CEO. He has deployed an array of bizarre tweets, from antisemitic conspiracy theories to anti-transgender content and anti-vaccine misinformation.
Persons: Elon Musk, Jason Kint, Musk, Nina Chen, AJ Brown, Chen, Brown, George Soros, Ted Deutch, Twitter Organizations: BBC, Twitter, Brands, Elon, New York Times, Digital, Times, Engineering, Brand, American Jewish Committee
☆ Meet David Sacks, the friend of Elon Musk who could play kingmaker for Ron DeSantis
  + stars: | 2023-06-01 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +12 min
Ron DeSantis — including hosting the candidate's kickoff event on Twitter — demonstrate how Sacks is working to become a GOP kingmaker. A DeSantis campaign spokesman did not return a request for comment before publication. Sacks, according to Puck, serves as one of the group's directors. Kevin McGrann, a lobbyist at government relations juggernaut Forbes Tate Partners, is also linked to Bay Strategies, according to Hall. And Sacks said during a recent episode that he plans to ask the DeSantis campaign for the Florida governor to agree to an interview.
Persons: David Sacks, Paul Chinn, Caroline Wren, Wren, Donald Trump's, Jan, president's, Sacks, George Soros, Puck, Ron DeSantis, Peter Thiel, Ro Khanna, didn't, Joe Biden, Thiel, Elon Musk, –, Joe Lonsdale's, Julie Samuels, Samuels, DeSantis, I've, Trump, Stewart Hall, Jill Kendrick, Hall, Sen, Richard Shelby, Kendrick, Kevin McGrann, juggernaut Forbes, McGrann, John Boehner, OpenSecrets, Musk, Bari Weiss, isn't, Peter, Jason Calacanis, David Friedberg, Chamath, Robert F, Kennedy Jr, Kennedy, Biden, Nikki Haley, Calacanis Organizations: TechCrunch, Calif, San Francisco Chronicle, Hearst Newspapers, Getty Images Venture, Trump, U.S . Capitol, Republicans, Commission, Florida Gov, Twitter, GOP, PayPal, CNBC, Democratic, Microsoft, DeSantis, Purple Good Government PAC, FEC, Ron DeSantis PAC, PAC, Republican Party, Purple Good Government, Stewart, Public, Crossroads, Altria Group, Boeing, General Electric, Hearst Corp, Washington , D.C, Forbes Tate Partners, juggernaut Forbes Tate Partners, Forbes Tate, Association of Independent Mortgage Experts, United Wholesale Mortgage, SpaceX, Republican, YouTube, Biden, CNN Locations: San Francisco, Florida, Silicon, Trump, DeSantis, Puck, Washington ,, Ohio
☆ DeSantis's team would have 'preferred the internet had not broken' during the governor's campaign announcement on Twitter, leaked audio shows
  + stars: | 2023-05-27 | by ( Kimberly Leonard | Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
Ron DeSantis's campaign team held a donor briefing on Thursday at Four Seasons Hotel Miami. The event was held a day after the governor's glitch-filled campaign announcement on Twitter. Members of the campaign team gave talking points on how to spin the Twitter meltdown. "We all know we definitely would have preferred that the internet had not broken, without question," a member of DeSantis's campaign team said in the audio. One team member surmised that most candidates would have "melted" under the pressure of people waiting for the announcement to kick off.
☆ Former Trump adviser Michael Flynn is launching an online community for 'COVID-19 unvaccinated people,' where you can find blood donors, surrogates, and 'unvaccinated singles.' A founding membership c
  + stars: | 2023-05-27 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +3 min
Lt. Gen. Michael Flynn was a national security adviser during the Trump Administration. He pled guilty in 2017 to lying to the FBI about his contact with a Russian ambassador. The community is called 4thePURE, and members can connect with blood donors, sperm donors, breastmilk donors, surrogates, and unvaccinated singles, according to the website. It will also have a directory of "COVID-19 unvaccinated patriot businesses." He pled guilty to lying to the FBI in 2017.
☆ Fact Check-Image of George Soros in the background of Ron DeSantis photo is digitally altered
  + stars: | 2023-05-26 | by ( Reuters Fact Check | ) www.reuters.com   time to read: +1 min
An image appearing to show billionaire George Soros seated at a table in the background of a photograph of Florida Governor Ron DeSantis is altered. The image shows DeSantis standing alongside pundit John Cardillo, with what appears to be Soros viewable in the background seated at a round table. Examples of the altered image shared online can be seen (here) and (here). Michael Vachon, a spokesperson for Soros, told Reuters that Soros was not at the fundraiser. The altered image surfaced after DeSantis officially announced his bid for the White House on May 24 (here).
☆ Elon Musk Is Right About George Soros—and Not Anti-Semitic
  + stars: | 2023-05-22 | by ( Alan M. Dershowitz | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/elon-musk-is-right-about-george-soros-and-not-anti-semitic-hrw-j-street-israel-b7db935b
☆ Opinion: What happened to Elon Musk?
  + stars: | 2023-05-18 | by ( Opinion Frida Ghitis | ) edition.cnn.com   time to read: +8 min
Appalled, Enes Kanter Freedom, the Turkish-born former NBA player, a fierce critic of Erdogan, told CNN, “I don’t want to hear about Elon Musk talking about free speech ever again. It turns out Musk’s free speech absolutism is less than absolute. Absurdly, he now says, “By ‘free speech,’ I simply mean that which matches the law.” So, if a tyrant makes a law banning criticism, will Musk believe that muzzling its critics conforms with free speech? Beyond his free speech hypocrisy, there’s the vanishing aura of Musk as the thoughtful futurist concerned about humanity’s fate. Soros, Musk wrote – to almost 140 million Twitter followers – “wants to erode the very fabric of civilization.
☆ Stanley Druckenmiller piles into these A.I. plays and other technology stocks
  + stars: | 2023-05-17 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Billionaire investor Stanley Druckenmiller bought into a few stocks tied to artificial intelligence last quarter, while piling into a handful of other names in the tech sector, according to a new regulatory filing. Druckenmiller said last week these two bets were his way of getting exposure to the booming AI space. He thinks that AI could be a fruitful opportunity for investors, especially when the economy comes out of what he thinks is an imminent downturn. The investor also built a sizable stake in Alphabet, another AI play, making it one of his top 10 holdings. Amazon was another new bet for Druckenmiller, who built an $84 million stake at the end of March.
☆ Tesla’s governance autopilot heads for disaster
  + stars: | 2023-05-17 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +4 min
It’s a vulnerable time for such pronouncements when the market Tesla (TSLA.O) effectively created threatens to overtake it. The stock price has tumbled some 60% since November 2021 compared to a 12% decline in the S&P 500 index (.SPX). A more deferential approach to Musk might have made sense during Tesla’s meteoric rise, when its mere existence bucked convention. The Department of Justice has initiated a probe into Tesla’s self-proclaimed “self-driving” capabilities, which have been involved in fatal crashes. Heeding advice from ISS and Glass Lewis would at least be a place to start, because leaving governance on autopilot also can have dangerous consequences.
☆ Elon Musk misquoted 'The Princess Bride' when asked why he keeps tweeting political opinions and antisemitic conspiracy theories: 'If we lose money, so be it'
  + stars: | 2023-05-17 | by ( Kelsey Vlamis | ) www.businessinsider.com   time to read: +4 min
In an interview with CNBC that aired Tuesday, Elon Musk was asked about his tweeting. Musk said he'll say what he wants to say even if it leads to him, Tesla, or Twitter losing money. During an interview with CNBC's David Faber, Musk was asked about why he tweets the way he does. Faber pointed to a tweet from Monday in which Musk said Soros "wants to erode the very fabric of civilization" and "hates humanity." Faber asked why Musk continued to tweet such things and share his political opinions even though Tesla customers and Twitter advertisers may not agree with him.
☆ A new CEO won’t fix Twitter’s biggest problem
  + stars: | 2023-05-17 | by ( Clare Duffy | ) edition.cnn.com   time to read: +7 min
New York CNN —During his six months as Twitter’s CEO and owner, Elon Musk decimated its ad business, alienated some news publications and VIP users, and plunged the platform into a constant state of chaos. But she may struggle to address Twitter’s biggest problem: Elon Musk. On Tuesday, Musk said he “didn’t care” if his controversial tweets drew the ire of Twitter advertisers or Tesla shareholders. She may struggle to undo the damage Elon Musk has done to the company's ad business. That could only add to the difficulty Yaccarino will face in shoring up Twitter’s business.
☆ Elon Musk says he's a 'pro-Semite, if anything' when questioned about his public attacks on George Soros
  + stars: | 2023-05-17 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +4 min
His comments came after he compared George Soros to the "X-Men" villain Magneto on Monday. Elon Musk tried to defend his statements on the Jewish billionaire George Soros a day after likening Soros to a comic-book villain. On Monday, Musk tweeted that Soros reminds him of the "X-Men" villain, Magneto, while claiming that Soros "hates humanity." Musk then doubled down on his criticism of Soros, saying he thinks it's true that Soros does hate mankind, but offered no further substantiation for the claim. —nikki mccann ramírez (@NikkiMcR) May 16, 2023Musk's tweet on Monday saying "Soros reminds me of Magneto," has been viewed 39 million times as of press time.
☆ Elon Musk claims George Soros ‘hates humanity.’ The ADL says Musk’s attacks ‘will embolden extremists’
  + stars: | 2023-05-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +5 min
While Musk’s remarks don’t mention the billionaire philanthropist’s ethnicity, Musk was criticized for dangerous rhetoric that could potentially fuel further attacks on Soros. When a Twitter user defended Soros as having good intentions which are criticized by those who disagree with his politics, Musk responded, “You assume they are good intentions. Attacks on Soros have increased in recent years alongside a broader increase in incidents of antisemitic attacks. Studies by the ADL and the Center for Countering Digital Hate found that the volume of hate speech on Twitter has grown dramatically under Musk’s stewardship. He most recently sold 22 million shares in December.
☆ DeSantis defends fundraising for the ex-Marine who fatally choked Jordan Neely in subway: 'Vets look out for other vets'
  + stars: | 2023-05-16 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +3 min
DeSantis shared a fundraising page for Penny over the weekend, raising $2 million for his defense. "Vets look out for other vets," DeSantis said when asked about it Tuesday. Ron DeSantis of Florida defended ex-Marine Daniel Penny as having done the "right thing" after he fatally choked Jordan Neely on a New York City Subway. Protests ensued in New York City, and the story became national news as it touched on race, homelessness, crime, and mental health treatment. Crime in New York City is higher than before the COVID-19 pandemic, statistics show.
☆ Elon Musk said George Soros reminds him of 'X-Men' mutant Magneto in a bizarre tweet about the oft-maligned billionaire
  + stars: | 2023-05-16 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +3 min
Elon Musk tweeted that George Soros reminds him of the "X-Men" mutant Magneto. Musk also claimed without substantiation that Soros "hates humanity." His tweet on Monday, which offered no context for his comparison, simply stated: "Soros reminds me of Magneto." Soros hates humanity." Representatives of Musk and Soros did not immediately respond to Insider's requests for comment sent outside regular business hours.
☆ Elon Musk: 'I'll say what I want, and if the consequence of that is losing money, so be it'
  + stars: | 2023-05-16 | by ( Mike Calia | ) www.cnbc.com   time to read: 1 min
Elon Musk told CNBC's David Faber on Tuesday that if his inflammatory tweets scare away advertisers from Twitter, he will accept that. "I'll say what I want, and if the consequence of that is losing money, so be it," said Musk, who owns Twitter. Musk replied defensively as Faber pressed him over a tweet Monday night in which he likened liberal billionaire George Soros to X-Men villain Magneto, a Jewish Holocaust survivor. Soros, who is also Jewish, is a favorite target of right wing pundits and politicians and often the subject of anti-Semitic attacks. For years, Musk has tweeted controversial items, including conspiracy theories and comments his critics have called broadly discriminatory.
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