American billionaire and philanthropist George Soros, 92, is handing over control of his empire to his son Alexander Soros, 37, who is particularly keen to fight the possibility of Donald Trump returning to power, AFP and news.ro reported, citing the Wall Street Journal.

Hated by ultra-conservatives and a regular target of anti-Semitic attacks, George Soros in the 1980s began creating a network of foundations (“Open Society Funds” or OSF) that invest around the world in various causes, economic and judicial reforms, minority rights and refugees, as well as in freedom of speech.

At the age of 92, he offered to transfer the management of his organization to one of his sons, 37-year-old Oleksandr. In an interview with the WSJ published on Sunday, Alexander explains that he is “more political” than his father and that he worries about former Republican President Donald Trump being re-elected to the White House in 2024. “I’d like to see Money not play such a big role in politics, but as long as the other side does, we’ll have to do it,” he said.

Under his leadership, OSF should continue on the same path — supporting Democrats, left-wing American politicians, but also getting involved in other causes, such as abortion rights or gender equality. Alexander Soros was elected chairman of the foundation’s board of directors in December and now manages the political activities of the “super PAC”, a structure that pays money to the campaigns of political candidates.

According to Forbes, the fortune of George Soros is estimated at $6.7 billion.