The succession of the Open Society Foundations previously controlled by controversial billionaire businessman George Soros to his son Alexander Soros has had a downsizing effect on the company, quite literally.

Hundreds to lose jobs at George Soros' foundation after son's takeover

George Soros, the Hungarian-American 92-year-old hedge fund tycoon, has handed over his $25 billion empire to his younger son, Alexander Soros, The Wall Street Journal (WSJ) reported.

US billionaire George Soros hands over $25 billion empire to younger son Alex

American billionaire investor George Soros has been in the news recently for his comments on the report by short-seller Hindenburg Research on the Adani Group, and Gautam Adani’s connections with Prime Minister Narendra Modi.

Why is everyone talking about George Soros? What did he say about PM Modi & Adani? Know all his controversies

Hungarian Prime Minister Viktor Orban on Friday said he expects his conflict with the liberal ideology of US financier George Soros' Open Society Foundations (OSF) to continue despite the organisation's decision to leave the country

Hungary PM Orban says expects ongoing fight over migration