Billionaire hedge fund manager turned philanthropist George Soros has decided to hand control of his $25bn philanthropic and financial empire to his son, Alexander.A spokesperson for Soros, a major backer of liberal and democratic causes, confirmed the plan to the Reuters news agency after it was initially reported by the Wall Street Journal in an interview with Soros published on Sunday.Soros, 92, said previously he did not want his Open Society Foundations (OSF) to be taken over by one of his five children.
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