Billionaire philanthropist George Soros has passed on the management of his $25 billion financial and charitable empire to his son Alex. George Soros, known for supporting democracy-building efforts globally, stated that his son had “earned it.”

Alex, a 37-year-old history graduate, took over as chairman of the Open Society Foundations (OSF) in December and is now in charge of managing the family’s funds. He also leads his father’s “super PAC,” which directs funds to political parties. While sharing similar political views, Alex mentioned being “more political” than his father and expressed his intention to campaign against Donald Trump’s potential second presidential term.

The OSF will continue pursuing its existing goals, including free speech and minority rights, while Alex aims to add initiatives focused on voting rights, abortion, and gender equity. George Soros, a Hungarian-born financier, is also a prominent donor to the US Democratic Party.