Billionaire George Soros has injected a substantial $102.8 million into the current midterm election cycle, positioning him as the largest individual donor to date. This significant financial commitment puts him on track to potentially surpass his own record of $128 million in spending from the previous midterm cycle in 2022.
While $793,800 of the total contributions were made directly in Soros's name, the bulk of the funding, approximately $102 million, was channeled through the Democracy Political Action Committee. Soros launched this super PAC in 2020, and it now serves as the primary political arm for his family's endeavors.
Shifting Control and Political Focus
Control of the Democracy PAC transitioned before the 2024 presidential election, with George Soros ceding leadership to his son, Alex Soros. Alex Soros, described as more politically inclined than his father, is overseeing his first midterm election cycle in charge. His personal contributions to the family's midterm efforts have added another $140,525.
Publicly available Federal Election Commission data indicates that donations from both George and Alex Soros in this cycle have largely supported similar left-wing candidates. Alex Soros has made maximum contributions to several candidates, including Maine senatorial candidate Graham Platner and Rep. Ilhan Omar.
George Soros, who previously came under criticism from then-President Trump, has been a significant force in political funding. In past election cycles, his Open Society Foundation and its lobbying wing, the Open Society Action Fund, have provided financial support to organizations backing progressive figures such as Rep. Alexandria Ocasio-Cortez and Rep. Ilhan Omar. The Open Society Action Fund, registered as a nonprofit, does not disclose its political spending.
Soros's Philanthropic and Political History
George Soros, 95, has a long history of substantial political spending. His contributions have previously supported groups involved in efforts to decriminalize drugs, advocate for open borders, and support police reform. He has also funded organizations that backed pro-Hamas groups and provided resources to protestors.
His financial activities have drawn criticism from Republican organizations, with the Republican National Committee spokesperson Delanie Bomar stating that Democrats are relying on "antisemitic dark money from a billionaire." The Soros family's network has denied accusations of being a terrorist organization, asserting their mission is to strengthen democracy.
Soros, born in Budapest, Hungary, became a prominent figure in finance after moving to the United Kingdom and co-founding a hedge fund. His financial acumen earned him the moniker "the man who broke the Bank of England" after a profitable short on the British pound in 1992. Hungary enacted "Stop Soros" laws in 2018, which led to the relocation of the Open Society Foundation's European operations.
Alex Soros, a graduate of New York University, married Huma Abedin, a former aide to Hillary Clinton, in the summer of 2025. The wedding was attended by notable figures including the Obamas and the Clintons.
Representatives for the Soros family did not immediately respond to requests for comment.