Billionaire George Soros this week dropped a $50 million donation to a top Democratic super PAC, reportedly doubling his contributions for the 2022 midterms.
Soros has contributed to Democracy PAC, which is expected to use the funds to help Democrats prepare for the 2024 election cycle. According to Politico, one donation will bring his total spending on the 2022 midterm elections to $50 million and will be distributed among candidates and PACs across the country.
Soros’ midterm donations have reportedly made him the single largest donor to Democrats in 2022, and his donations this week show he intends to remain a major player in the next cycle.
Democracy PAC advertises itself as a supporter of pro-democracy candidates “regardless of party.” Soros’ son Alexander also served as president of the PAC, and Soros himself reportedly donated $125 million to the organization in January 2021.
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Billionaire philanthropist and activist George Soros.
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Alexander Soros attends the New York screening of Trial By Fire at AMC Lincoln Square Theater on May 13, 2019 in New York City. (Photo by Jason Mendez/Getty Images)
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News of the donations comes just days after Alexander was among top Democratic donors invited to the White House for a lavish state dinner with French President Emmanuel Macron last week. Alexander Biden donated $700,000 to the victory fund, a small fraction of his father’s donations.
Vice President Kamala Harris also attended a conference last week of the Democracy Alliance, a secretive group of top Democratic donors who help drive the party’s agenda. Soros is a member of the organization.
Democracy Alliance members are required to donate at least $200,000 annually to groups vetted and approved by the coalition. According to internal documents obtained by the Washington Free Beacon, the alliance recommended the use of its members billion dollar black money A nonprofit network run by consulting firm Arabella Advisors, it receives millions to provide administrative, operational and management services to four nonprofit incubators in the nexus.
Vice President Kamala Harris and President Biden
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The organization is known for its support of Media Matters for America, the Center for American Progress and more than 100 other organizations.
Fox News’ Joe Shoffstall and Cameron Cawthorne contributed to this report