George Soros hands control of multi-billion foundation to son

George Soros, 92, hands over reins of Open Society Foundations to ‘more political’ 37-year-old

The financier George Soros, the billionaire investor and liberal donor, has handed control of his multi-billion-dollar foundation to his son, Alexander.

The 92-year-old, who memorably made $1bn betting against the British pound and “breaking the Bank of England” in a catastrophic financial event in 1992 that became known as Black Wednesday, had said previously that he did not want his Open Society Foundations (OSF) to be taken over by any of his five children.