Since The Wall Street Journal first reported on June 11, 2023, that Alex Soros had taken over his father's political operations, he has poured tens of millions of dollars into various efforts to influence the 2024 election, financial disclosure documents have revealed.
Democracy PAC, the main conduit for the Soros family to funnel wealth into electoral politics, spent about $40 million in the wake of the Journal's report. Reported George Soros hands over control to son, campaign finance records showPAC spending under Alex Soros has moved away somewhat from how his father operated, focusing less on criminal justice and more on helping Democrats keep the White House.
“I'm more political,” Soros' son told the Journal in 2023 compared to his father. “I want to get money out of politics, but as long as the other side is doing it, we have no choice but to do it.” (Related: Soros buys stake in media brand targeting key 2024 voting demographic)
Outside groups aligned with Democrats spent more than $1.7 billion on the 2020 election, while conservative groups spent significantly less, about $1.5 billion. According to OpenSecrets analysis of campaign finance records.
According to Federal Election Commission (FEC) records, Democracy PAC has sent $10 million to Future Forward PAC since the WSJ reported that Alex Soros had taken power in President Joe Biden's 2020 campaign. Consecrated Future Forward served as the primary super PAC backing the Democratic presidential campaign effort, and its activities have since pivot According to multiple reports, he will endorse Vice President Kamala Harris after Biden withdraws.
George Soros appeared to be less interested in using Democracy PAC for the presidential election than his son, donating just $1 million to Future Forward PAC during the same period of the 2020 election. According to According to FEC filings, the Soros patriarch personally donated about $500,000 to support Biden in 2020, but that's still less than the $721,000 Alex donated that year. show.
Investor and philanthropist George Soros and his wife Tamiko Bolton. (Photo by Sean Gallup/Getty Images)
Democracy PAC is not the only way the Soros family pumps money into politics. The Open Society Foundations Charity Network The fund, founded by George Soros and now led by his son, has funneled tens of millions of dollars to center-left activist groups that have worked to block former President Donald Trump's election victory.
Soros' successor also appears to be less interested in criminal justice than his father: Federal Election Commission records show he has distributed only about $1.1 million through Democracy PAC to groups focused on the issue since June 2023. Meanwhile, his father had already distributed more than $5.6 million through Democracy PAC to criminal justice-focused groups during the 2020 election cycle.
Alex Soros has $60 million Policy Reform Funda criminal justice nonprofit within the Open Society Foundations network, and joined Democracy PAC in January. According to To campaign finance records.
The Soros family uses Democracy PAC to fund criminal justice policy initiatives, and also donates directly to several causes in the region. These contributions appear to be drying up under Alex Soros, but no member of the Soros family has donated directly to California Justice & Public Safety PAC, making it difficult to imagine George Soros “Prosecutor reform“In this state, this election cycle.”
There are some similarities in how Soros and his father have led Democracy PAC, according to disclosures. In both 2020 and 2024, the PAC has donated millions of dollars. Senate Majority PAC and House Majority PACThe committees tasked with selecting Democratic candidates for the Senate and House of Representatives, respectively.
Alex Soros has donated $9.5 million to both committees since June 2023, while Democracy PAC, led by his father, donated $10 million to both PACs during the same period in 2020, according to FEC records.
“Democracy PAC is a platform for women to express their support for the Democratic Party and to express their gratitude to the Democratic Party for their support,” Soros said in a statement.
Democracy PAC has already spent tens of millions of dollars under Soros' successor, but a total of $125 million has been set aside for the committee, according to the WSJ.
Soros, who is solidifying his status as a major Democratic donor, has enjoyed generous access to the White House under the Biden-Harris administration and has been a frequent visitor. According to According to a Fox News Digital analysis of visitor logs, Alex Soros has met with senior White House officials, including Amanda Sloat, the National Security Council's senior director for European affairs, and Chief of National Security Staff John Finer.
A Soros family spokesman did not respond to the Daily Caller News Foundation's request for comment.
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