Billionaire George Soros has donated $102 million ahead of the midterms—and now the Democrats are coming out ahead
Decades after Soros emerged as a major Democratic donor, his political network enters midterm season with tens of millions still available.
Billionaire George Soros, who famously broke the Bank of England, is once again backing Democrats in the upcoming midterms. Soros, a 96-year-old Holocaust survivor and former communist refugee, has a history of donating large sums to progressive causes, with Democrats aligning closely with his philanthropic vision of an "open society."
In 2023, Soros transferred control of his political operation to his son, Alex, who now chairs the board of the Fund for Policy Reform, a nonprofit part of the Open Society Foundations. Soros-linked organizations have donated $102 million to Democracy PAC, a group founded by Soros in 2019, with about half of the funds coming from Soros Corp and the other half from the Fund for Policy Reform.
As of June, Democracy PAC had spent nearly $42 million on races including Senate, House, and state elections. Recent polls show Democrats leading Republicans by an 11-point margin, with Democrats holding a 49% to 47% lead in 37 competitive House races. This nine-figure donation continues Soros's tradition of nine-figure political giving over the past two decades.
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