Alex Soros Says Billionaire Dad ‘Very Upset’ With ‘Amount of Bureaucracy’ at Family’s Liberal Nonprofit
George Soros 'didn’t want to create an employment agency,' his son says
Chuck Ross
January 22, 2025
George Soros was "very upset" by the massive number of employees and "amount of bureaucracy" at his liberal nonprofit, the Open Society Foundations, according to the Democratic megadonor’s son.
Alex Soros, the 39-year-old son of the 94-year-old hedge fund billionaire, told the Financial Times his "only regret" since taking over Open Society Foundations several years ago is that he didn’t slash the nonprofit’s workforce sooner.
"My father didn’t want to create an employment agency, he wanted to create a network of networks and he was very upset with the amount of bureaucracy at the foundation," the younger Soros said in an interview published Wednesday. "My only regret is that we didn’t do that faster, because I feel like he would have wanted that."
It’s a surprising stance for the leader of an organization that historically promotes massive government programs, and has aggressively backed American funding for "pro-democracy" initiatives in Europe, Latin America, and elsewhere. Open Society was an early backer of the Green New Deal, the multitrillion-dollar climate change proposal. Open Society spent millions of dollars lobbying for President Biden’s Inflation Reduction Act, which authorized nearly $900 billion in federal spending.
https://freebeacon.com/democrats/alex-soros-says-billionaire-dad-very-upset-with-amount-of-bureaucracy-at-familys-liberal-nonprofit/
