Hedge fund billionaire George Soros poured $125 million into a super-PAC that will support candidates and causes in the 2022 midterms and beyond.
Hedge fund billionaire George Soros poured $125 million into a super-PAC, called Democracy PAC, that will support candidates and causes in the 2022 midterms and beyond.George Soros
poured $125 million into a super-PAC that will support candidates and causes in the 2022 midterms and beyond, according to a recently released filing with the Federal Election Commission. “I established Democracy PAC to support causes and candidates, regardless of political party, who share a mission of protecting and strengthening the infrastructure of American democracy: voting rights and civic participation, civil rights and liberties, and the rule of law,” said Soros, who is worth an estimated $8.6 billion, in a statement.
One of Soros’ sons, Alexander Soros, will serve as president of the committee, known as Democracy PAC. The Soros family has long supported pro-Democracy causes overseas, but Alexander Soros cited the January 6, 2021 insurrection as a reason to redouble efforts to boost democracy in the United States. “It is a generational threat that cannot be addressed in just one or two election cycles,” the younger Soros said in a statement.
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