{"id":8437,"date":"2026-10-02T08:42:10","date_gmt":"2026-10-02T08:42:10","guid":{"rendered":"https:\/\/www.europesays.com\/unitedstates\/8437\/"},"modified":"2026-10-02T08:42:10","modified_gmt":"2026-10-02T08:42:10","slug":"billionaire-george-soros-donated-102-million-ahead-of-the-midterms-and-now-the-democrats-are-ahead","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/unitedstates\/8437\/","title":{"rendered":"Billionaire George Soros donated $102 million ahead of the midterms\u2014and now the Democrats are ahead"},"content":{"rendered":"

The man who broke the Bank of England has a history of backing Democrats, to the point where right-wingers cast George Soros in conspiracy theories<\/a> as a puppet mastermind controlling the party. He\u2019s now pouring millions into getting Democrats elected ahead of the midterms.<\/p>\n

Soros-linked organizations donated $102 million to Democracy PAC, which was founded by Soros in 2019, according to Federal Election Commission records<\/a>. About half that sum came from Geosor Corp, a private investment company owned by Soros. The other half came from the Fund for Policy Reform, a nonprofit that\u2019s part of Soros\u2019 Open Society Foundations, which supports progressive organizations and whose board is chaired by his son, Alex Soros.\u00a0<\/p>\n

Democracy PAC has spent nearly $42 million<\/a> as of the end of June, FEC records show, funding groups involved in Senate, House and state races. This structure lets Soros money flow into organizations that can concentrate spending on competitive races as Democrats face a fundraising gap with Republicans<\/a>.<\/p>\n

But Democrats are now polling ahead. They held an 11-point advantage over Republicans among likely voters in Emerson College\u2019s Sept. 24 poll<\/a>. A separate survey<\/a> by The Cook Political Report also found Democrats have a lead of 49% to 47% in 37 competitive House races. According to the report, those districts had backed President Donald Trump by an average of five points in 2024, suggesting Democrats have improved their position in some of the places most likely to determine control of the House.\u00a0\u00a0\u00a0<\/p>\n

A loyal Democratic donor who made it a family tradition<\/p>\n

The $102 million contributed to Democracy PAC this cycle extends Soros\u2019s pattern of nine-figure political giving. A Holocaust survivor who escaped communism in his native Hungary and moved to the U.S. to make a name on Wall Street, Soros, now 96, has financially backed Democrats for more than two decades. The party\u2019s platform tends to align more with his philanthropic vision of advancing toward an \u201copen society<\/a>\u201d of institutions supporting civil society and the rule of law.\u00a0<\/p>\n

And he\u2019s been a heavy-hitting donor. Soros gave Democrats $128 million<\/a> in the 2022 midterm cycle, making him the biggest contributor that year, according to OpenSecrets. Democracy PAC also raised more than $81 million<\/a> during the 2020 election cycle and nearly $72 million<\/a> during the 2024 cycle, according to FEC records, passing most of the money to Democrat-aligned PACs and independent groups.\u00a0<\/p>\n

This is also the first congressional election cycle since George Soros transferred control of his political operation<\/a> to Alex in 2023. The younger Soros backed Kamala Harris in 2024<\/a> and urged Democrats to unite behind her. His siblings have also poured money into left-leaning groups. In 2013, Jonathan Soros gave $1 million to center-left Friends of Democracy, and Andrea Soros contributed $100,000 to the same PAC, according to FEC records<\/a>.\u00a0<\/p>\n

Soros\u2019s political giving has also put his philanthropic network in the Trump administration\u2019s sights<\/a>. Last year, Trump accused George and Alex Soros<\/a> of backing \u201cViolent Protests\u201d and instructed federal prosecutors to prepare to investigate Open Society Foundations. The organization called<\/a> the accusation \u201coutrageous and false.\u201d<\/p>\n

Soros was also vocal in the 2004 presidential election. He donated nearly $24 million<\/a> to political groups opposing former President George W. Bush\u2019s reelection and openly campaigned for then-Democratic candidate John Kerry, writing<\/a> that he considered it \u201cthe most important election of my lifetime.\u201d Soros also said in 2003 he\u2019d give up his entire fortune<\/a> if that would guarantee stopping Bush from winning.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The man who broke the Bank of England has a history of backing Democrats, to the point where…\n","protected":false},"author":2,"featured_media":8438,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[8241,8242,239,238],"class_list":["post-8437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-political-parties-campaigns","tag-billionaires","tag-campaign-donations","tag-political-campaigns","tag-political-parties"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedStates\/117370430673956871","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/posts\/8437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/comments?post=8437"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/posts\/8437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/media\/8438"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/media?parent=8437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/categories?post=8437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/unitedstates\/wp-json\/wp\/v2\/tags?post=8437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}