Billionaire financier George Soros hands over empire to son

Hedge fund manager turned philanthropist, 92, said previously he didn't want his Open Society Foundations to be taken over by one of his five children

Billionaire financier George Soros said his son had 'earned it'.

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.

The hedge fund manager turned philanthropist and major backer of liberal causes across the globe, Mr Soros, 92, said previously he did not want his Open Society Foundations (OSF) to be taken over by one of his five children.