Washington Examiner / Magazine
June 20, 2023 Issue
June 20, 2023 Print Edition
Cover Story
What George Soros’s succession plan means for America
The recent announcement that 37-year-old Alexander Soros, rather than his 52-year-old half-brother Jonathan, would take control of his father’s $25 billion business empire was an important development in the financial world. But there’s more to this story than the financial soap opera in which the more considered and cautious Jonathan, the longtime favorite to succeed George Soros, was bested by Alexander, who seems to be cut from the same cloth as his risk-taking father. The more important prize that the Soros boys were vying for was not their Hungarian-born father’s hedge fund but his philanthropic foundation, the Open Society Foundations that the business supports. SOROS-BACKED GROUP BEHIND DEMOCRATIC DRUG DECRIMINALIZATION PUSH AMID OVERDOSE EPIDEMIC Since its founding in 1984, OSF has operated on an epic scale. While initially primarily focused on promoting democracy in Eastern Europe, by the dawn of the 21st century, it had completely reinvented itself as the Left’s all-purpose sugar daddy, doling out tens of billions of dollars to a vast network of left-wing groups that seek to influence policy and elect candidates to political office. The fund’s willingness to invest enormous sums in a sharply focused ambitious agenda made it the single most influential force in leftist activism and politics. It also turned the now 92-year-old elder Soros into a larger-than-life figure of almost mythical stature for both the Left and the Right. George Soros lives and operates quietly, eschewing the...

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