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☆ Audacy completes its financial restructuring and now plans to go private
▼ + stars: | 2024-09-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +7 min

CNN —Radio network Audacy on Monday shared that it completed its financial restructuring, successfully reducing its approximately $1.9 billion of funded debt by 80%, to $350 million. The radio giant had filed when it disclosed it was entering a restructuring agreement to reduce debt. Audacy is the second largest radio company in the United States behind iHeartMedia and ahead of Cumulus. Audacy, an internet radio conglomerate, operates hundreds of music, news and sports radio stations. The company, founded in 1968 as Entercom Communications, merged with CBS Radio in 2017, before rebranding as Audacy in 2021.

Persons: David Field, Audacy, ”, strongmen Soros, Soros, Rupert Murdoch, ” Soros, Ajit Pai, Donald Trump, George Soros, Chip Roy, ” Roy, Sen, Ted Cruz, Jessica Rosenworcel, Elon Musk’s, ” “ Soros, “ George soros, ” It’s Organizations: CNN — Radio, “, Bloomberg, Fund Management, FCC, Soros Fund Management, Soros, Democratic, Open Society, New York Post, Cumulus Media, iHeartMedia, Cumulus, CNN, Republican, Rothschilds, fcc, Entercom Communications, CBS Radio Locations: Philadelphia, Hungarian, United States, Texas, U.S

☆ Huma Abedin is engaged to George Soros’ son Alex
▼ + stars: | 2024-07-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Huma Abedin, former aide to former Secretary of State Hillary Clinton, is engaged to Alex Soros, son of billionaire liberal donor George Soros. Abedin, 47, and Soros, 38, are both familiar names to anyone who follows politics and business. Abedin has worked with Hillary Clinton at the White House, Senate, State Department and in her private life for several years. Meanwhile, Soros leads the Open Society Foundations and political action committee, a charitable organization that donates to liberal causes. Vogue notes that Soros will be stepfather to Abedin’s son from her marriage to Weiner.

Persons: Huma Abedin, Hillary Clinton, Alex Soros, George Soros, ” Soros, Soros, Abedin, Anthony Weiner, George, They’ve, Abedin’s, Weiner, wasn’t Organizations: New, New York CNN, Vogue, White, State Department, Democratic, Society, Forbes, House Locations: New York, Abedin

☆ Opinion | After College Presidents, Republicans Are Coming for Liberal Donors
▼ + stars: | 2024-05-10 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

In a letter to Attorney General Merrick Garland this week, the Republican senator Josh Hawley demanded a federal investigation into dark money groups subsidizing “pro-terrorist student organizations” holding anti-Israel protests on college campuses. He cited Politico reporting linking big liberal philanthropies to some pro-Palestinian organizers. Open Society Foundations, for example, founded by the oft-demonized George Soros, has given grants to the anti-Zionist Jewish Voice for Peace, which has an active university presence. That’s one reason I fear that the backlash to the pro-Palestinian campus movement — which includes lawsuits, hearings and legislation — could help Republicans wage war on progressive nonprofits more broadly. If they do, the right would be following a well-worn authoritarian playbook.

Persons: General Merrick Garland, Josh Hawley, George Soros, Hawley, “, Garland, Donald Trump, Trump, Rachel Kleinfeld, Kleinfeld, it’s Organizations: Politico, Society, Jewish Voice, Soros, Carnegie Endowment, International, Service, Carnegie Locations: Israel, Hungary

☆ 'There's everything to play for' in U.S. election, Open Society Foundations president says
▼ + stars: | 2024-02-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'There's everything to play for' in U.S. election, Open Society Foundations president saysMark Malloch-Brown, president of the Open Society Foundations, discusses the upcoming election cycle and the potential re-election of Donald Trump as U.S. president.

Persons: Mark Malloch, Brown, Donald Trump Organizations: Society, Open Society Locations: U.S

☆ Global fragmentation is making 'rivals rather than collaborators,' Open Society Foundations president says
▼ + stars: | 2024-02-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal fragmentation is making 'rivals rather than collaborators,' Open Society Foundations president saysThe new fragmented world order is likely to lead to more rivalries than collaborations between countries, Open Society Foundations president Mark Malloch-Brown says.

Persons: Mark Malloch, Brown Organizations: Society

☆ Alex Soros says a Trump win is a done deal for the Davos elite — but they're always wrong
▼ + stars: | 2024-01-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Alex Soros, chairman of Open Society Foundations, during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 19, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Stefan Wermuth/Bloomberg via Getty Images"In Davos, Donald Trump is already the president," Open Society Foundations Chairman Alex Soros told a panel at the World Economic Forum on Friday. "That's a good thing, because the Davos consensus is always wrong," he went on. He either winds up in prison or he winds up in power, he's not going off on some beach somewhere and retiring."

Persons: Alex Soros, Stefan Wermuth, Donald Trump, Trump, Joe Biden, —, he'll, Soros, he's Organizations: Open Society, Economic, Bloomberg, Getty, Republican, Trump, Republican Party Locations: Davos, Switzerland

☆ George Soros' son says Trump won't disappear unless he winds up in prison
▼ + stars: | 2024-01-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

George Soros' son said on Friday that there's really no getting rid of Donald Trump. "He either winds up in prison or he winds up in power," Alex Soros said, CNBC reported. AdvertisementThe son of billionaire investor and philanthropist George Soros says there's really no getting rid of former President Donald Trump. Alex Soros, the chairman of his father's philanthropic empire, Open Society Foundations, continued of Trump, "What's the way out for him? "In Davos, Donald Trump is already the president," Alex Soros said on the panel.

Persons: George Soros, there's, Donald Trump, Alex Soros, —, Soros, Trump, Soros —, he'll, He's, hasn't, Joe Biden Organizations: Economic, CNBC, Service, Republican Party, Republican, Society, Trump, The New York Times Locations: Davos, Switzerland

The Ms. Foundation published research last week advocating for more financial support for women and gender nonconforming people of color leading nonprofits on the frontlines of social justices issues. “At this moment, when women and women’s bodies and gender nonconforming folks are being attacked on a daily basis, are they willing to move 10% to us?” Teresa Younger, Ms. Foundation’s president and CEO, said of other foundations. The Ms. Foundation found that many frontline organizations, like Power Rising, work across issue areas, often in tandem with other groups and in response to unfolding events. The organization advises foundations to build on trust-based giving, to support self-guided capacity building for these organizations, and to diminish grantmaking tied to specific issue areas. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Alex Soros, George Soros, Trump, ” Alex Soros, Shawnda Chapman, ”, ” Teresa Younger, it’s, Laleh Ispahani, Ketanji Brown Jackson, Leah D, Daughtry, grantmaking, Ispahani, Mark Malloch, Brown Organizations: Open Society, Society, Ms, Foundation for Women, OSF, National Women's Law, Alliance for Youth, U.S, Supreme, Foundation, Associated, Lilly Endowment Inc, AP Locations: U.S

Burry also closed out bearish options against the broad S&P 500 and Nasdaq 100 Index, the filings showed. His Scion Asset Management’s biggest new position last quarter was in bearish options on an exchange-traded fund focused on semiconductors. He bought put options with a notional value of $47.4 million against the iShares Semiconductor ETF (SOXX.O), according to the filing. The filings also showed that Burry's fund no longer held puts on the Nasdaq 100 and S&P 500. Hedge fund Man Group also sold its 1.1 million shares in Nvidia, while Renaissance Technologies LLC sold its entire stake in the company.

Persons: Michael Burry, Burry, George Soros, Carolina Mandl, David Gregorio, Anna Driver, Deepa Babington Organizations: U.S, Nasdaq, iShares Semiconductor, Soros Fund Management, Society, Nvidia, Taiwan Semiconductor Manufactoring, Man, Renaissance Technologies, Tiger Global Management, Eisler Capital, Man Group, Duquesne Family Office, Thomson Locations: U.S, TSMC, New York

NEW YORK (AP) — Palestinian artist Nida Sinnokrot, one of 18 artists receiving the 2023 Soros Arts Fellowships from the Open Society Foundations on Tuesday, says that art provides hope and resilience, even in the midst of war. This year's class of Soros Arts Fellows is the largest since the program launched in 2018. This is the launchpad of something new — a new realm of direct action in the arts.”Molemo Moiloa also plans to incorporate community action in her art project in Johannesburg, South Africa, for her Soros Arts fellowship. “One of the reasons I still feel hope is that there is powerful solidarity around the world that embraces this ethos,” he said. “And that’s what’s so amazing about this year’s (Soros Arts Fellows) and their communities.

Persons: Nida Sinnokrot, “, ”, Sinnokrot, Tatiana Mouarbes, George Soros, Alex — Mouarbes, Jordan Weber, ” “, Weber, ” Molemo Moiloa, Moiloa, Nelson Mandela's, we’ve, it’s, Fellows, Cannupa Hanska Luger, Carolina Caycedo, Chemi, Dalton Paula, Deborah Jack, Kenan Darwich, Sami Rustom, Ixchel Tonāntzin, Martha Atienza, Molemo Moiloa, Mónica de Miranda, Omar Berrada, Rijin Sahakian, Sari Dennise, Yto Barrada Organizations: Open, Massachusetts Institute, Technology’s, Technology, Soros Arts Fellows, Open Society, Culture, Society, Soros Arts, South, Soros, Fehras, Associated, Lilly Endowment Inc, AP Locations: Palestinian, York, ”, Detroit, Johannesburg, South Africa, Israel, Palestine, Guinea, Hidatsa, Lakota, United States, Carolina, Colombia, Puerto Rico, Brazil, St, Maarten, Syria, Germany, Philippines, Portugal, Morocco, Iraq, Mexico

☆ Elon Musk says Twitter, now X, is moving to small monthly subscription and has 550 million users
▼ + stars: | 2023-09-18 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Among other things, Musk said the social network is "moving to having a small monthly payment for use of the X system" in order to combat "vast armies of bots. During the livestream, Musk also divulged some new metrics from X, claiming it now has 550 million "monthly users," who generate 100 million to 200 million posts per day there. However, Musk also used it to dispute the perception that his social network is full of hate speech and antisemitism. Before meeting with Netanyahu, Musk also accused George Soros's foundation of wanting to "destroy" western civilization. On Twitter, Musk has repeatedly disparaged trans people, federal regulators, politicians, journalists, whistleblowers, critics of his companies, and short sellers.

Persons: Elon Musk, Benjamin Netanyahu, Musk, Netanyahu, George Soros's, Tesla, Donald Trump, Marjorie Taylor Greene, Andrew Anglin Organizations: SpaceX, Tesla, Artificial Intelligence, Twitter, Israeli, Anti Defamation League, ADL, X Corp, Open Society, Nazi Locations: Washington ,, West, Jewish, Hungarian, American, U.S

Open Society Foundations said Tuesday that it will spin off its support for Europe's Roma communities into a new foundation and pledged €100 million, around $107 million, for that work. The Roma Foundation for Europe, which will be independent of OSF, launches in January and will be based in Brussels, said the foundations. Under Alex Soros' leadership, the foundations announced in July that it would significantly retool its structure and layoff 40% of its staff globally. “We will also keep up — and dramatically increase — our efforts to secure equal treatment for Europe’s largest ethnic minority, the 12 million Roma (who mostly live in Eastern Europe),” Alex Soros wrote. OSF will not have representatives on the board of the Roma Foundation for Europe, said Jovanovic, adding that the decision to start the foundation was made last year, independently of the restructuring.

Persons: Zeljko Jovanovic, ” Jovanovic, Alex Soros, George Soros, Soros, ” Alex Soros, Jovanovic, Alex Organizations: Roma, Roma Foundation for Europe, OSF, OSF's, Office, Associated Press, European Union, European Commission, AP, “ POLITICO, Central European University, Roma Foundation for, European Roma Institute for Arts and Culture, Roma Entrepreneurship Development, Democracy, Roma Education Fund, Associated, Lilly Endowment Inc Locations: Brussels, Roma, Europe, Berlin, “, Ukraine, Moldova, Western Balkans, Eastern Europe, Roma Foundation for Europe

☆ Adani blasts ‘Soros-funded interests’ after media raise new questions about business empire
▼ + stars: | 2023-09-01 | by ( Mark Thompson | ) edition.cnn.com time to read: +6 min

The documents were unearthed by the non-profit Organized Crime and Corruption Reporting Project (OCCRP), which counts billionaire George Soros’ Open Society Foundations among its financial backers, and its research was shared with media including The Guardian and the Financial Times. It is also backed by the US State Department, the UK Foreign Office and the Ford Foundation. The Financial Times said people familiar with the structures had claimed “parallel sets of books and a Russian doll of companies and funds” at the investment firm were used to mask the trades. When Hindenburg published its report in late January, it pitched 88 questions to Adani that cast doubt on his conglomerate’s financial health. Speaking to reporters in Mumbai on Thursday, Rahul Gandhi, a prominent lawmaker from India’s main opposition Congress party, urged Modi to investigate the allegations put forward by the Financial Times and The Guardian and criticized his silence on the matter.

Persons: Gautam, “ Soros, George Soros, OCCRP, Narendra Modi, Adani, “, OCCRP’s, Drew Sullivan, Hindenburg, —, ”, SEBI, ” Adani, Modi, Rahul Gandhi, ” Gandhi, Michelle Toh, Rhea Mogul Organizations: London CNN, Adani, Guardian, Financial Times, CNN, Soros, US State Department, Foreign Office, Ford Foundation, Indian, Adani Group, Hindenburg Research, Society Foundations, Securities and Exchange Board of India, ” Reuters, India’s Locations: Adani, Bermuda, Russian, Mauritius, India, Mumbai

☆ George Soros' foundation lays off 40% after son takes control
▼ + stars: | 2023-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —George Soros’ Open Society Foundations will lay off at least 40% of its staff one month after the 92-year-old announced he handed the reins of the multi-billion-dollar foundation to his son, Alexander Soros. The job cuts were announced in a statement signed by Alexander Soros and the foundation’s president, Mark Malloch-Brown. In June, the senior Soros, a Hungarian-born billionaire investor, philanthropist and contributor to liberal causes, announced that he had tapped his 37-year-old son, Alexander Soros, who goes by Alex, as the organization’s new chair. In an interview in the Wall Street Journal announcing the decision, Alexander Soros said he and his father “think alike,” but that he was more political than his father. Alexander Soros also said that under his leadership, he planned focus the foundation more on US domestic politics.

Persons: George Soros, Alexander Soros, Mark Malloch, Soros, Alex, “, Luiz Inácio Lula da Silva, Justin Trudeau, George Soros ’, Alex Soros Organizations: CNN, Open Society Foundations, Society, Street Journal, Biden, Canada’s, Forbes, Soros Locations: Hungarian

☆ Critical to get China around the table at Paris Finance Summit, Open Society president says
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCritical to get China around the table at Paris Finance Summit, Open Society president saysMark Malloch-Brown, the President of the Open Society Foundations, says it is "absolutely critical" to get China around the table at the Paris Finance Summit.

Persons: Mark Malloch, Brown Organizations: Paris Finance Summit, Open Society Locations: China

☆ Fact Check-Claims that George Soros praised Ron DeSantis are missing context
▼ + stars: | 2023-06-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Social media users (here), (here), (here) are sharing a post that misleadingly suggests Soros supports DeSantis as a presidential candidate: “Trump gets praise from Tucker Carlson. Why is that?”Responses to the posts include comments such as: “Is Soros funding DeSANTIS??? DeSantis ‘is likely to be the Republican candidate’ for president in 2024 - a prediction, not an endorsement,” Silber said in an email. Reuters found no record of Soros publicly praising DeSantis (tinyurl.com/mrne9esp), (tinyurl.com/ywhaab6t). There is no evidence that Soros publicly praised DeSantis.

Persons: George Soros, Ron DeSantis, Soros, DeSantis, “ Trump, Tucker Carlson, Trump, ”, Laura Silber, Mr, ‘, ’, ” Silber, Read Organizations: U.S, Republicans Trump, Democratic, Social, Soros, Conference, Republican, Big, Open Society, Gov, Reuters Locations: Florida

For the second time this year, Democrats find themselves in a complicated position: torn between celebrating a long-sought indictment of Donald J. Trump and proceeding with caution. The party is in near-universal agreement that Mr. Trump should face federal charges for retaining classified documents and resisting investigators’ efforts to recover them. When Mr. Trump was indicted in March, Mr. Bennett questioned whether the offenses the former president had been accused of were worth the political risk of an indictment. This time, Mr. Bennett said, he has no doubts about the indictment’s necessity. Already, many leading Republicans have rallied around Mr. Trump; some have gone so far as to suggest outright war.

Persons: Donald J, Trump’s, Trump, ”, Greg Landsman, “, ” Matt Bennett, Bennett, Mr, “ Trump, Patricia Todd, Laleh Ispahani, George Soros, ” Maria Cardona, ” Ms, Cardona, ” Reid J, Epstein Organizations: Mr, Republican, Republicans, Democratic, Alabama Democratic Party, Democrats, Open Society Locations: New York City, York, Ohio, United States

☆ 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

☆ 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

☆ 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

☆ 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 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

☆ 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.

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