George Soros spent north of $128 million in the 2022 midterms and outspent every other billionaire donor in America by nearly $60 million.
Now he's back – and he's already leading the donor pack for 2026.
Find out what $50 million just bought Democrats before a single vote has been cast.
Soros Wired $50 Million Into His Political Machine on January 13
FEC filings show that on January 13, Soros's Fund for Policy Reform transferred $50 million into Democracy PAC – the same political vehicle that carried the bulk of his 2022 midterm spending. Forbes confirmed April 16 that the move instantly made Soros the single largest midterm donor of the 2026 cycle.
He officially handed control of his $25 billion Open Society Foundations to his son Alex in 2023. Alex ran Democracy PAC through 2024, spending roughly $67.5 million – a significant step down from his father's peak. The operation was quieter, more focused on mainstream Democratic committees and race-targeted PACs.
But George Soros never stopped writing checks on the side. He put $20 million into Courier Newsroom between 2021 and 2023 – a left-wing digital outlet that co-hosted a boycott of Trump's State of the Union address in February, featuring Robert De Niro and former CNN anchor Jim Acosta. And now, with 2026 shaping up as the first major electoral test of Trump's second term, the elder Soros is back at the controls of his largest political weapon.
He is 95 years old. He did not have to do this. He chose to.
This Pattern Has Never Once Stopped
The political spending started in 2004 with $23.6 million poured into 527 committees aimed at defeating George W. Bush. After Bush won, Soros regrouped and built the infrastructure that would eventually become Democracy PAC. By 2020 he had put $28.3 million into it. By 2022, $128.5 million – the largest individual midterm donation in American political history.
Every time conservatives assumed Soros was finished, the FEC filings said otherwise.
He wrote in his own 1995 book, Soros on Soros: Staying Ahead of the Curve, that what he does "could be called meddling, because I want to promote an open society. An open society transcends national sovereignty." That wasn't a confession. It was a mission statement – and he has been executing it ever since.
Democracy PAC Doesn't Hold Money – It Deploys It
In 2022, Democracy PAC moved $8 million into Senate Majority PAC. Millions more went to House Majority PAC and state-level turnout operations. The goal was never direct candidate support – it was the infrastructure that wins close races: voter registration, opposition research, ground game in battleground districts.
Fifty million dollars seeded in January means that money is already moving.
Democrats are defending 22 Senate seats in 2026 and hunting for a House majority. Soros's machine will target exactly the kind of structural organizing that flipped Georgia in 2020 and held the Senate in 2022 – the races where ground-level money matters more than polling.
He poured $23.6 million into defeating Bush in 2004 and failed. He poured $128.5 million into the 2022 midterms and fell short of the Senate. Soros knows the loss record. He calls it a "long-term investment" – and he means every word.
While Republicans are focused on winning news cycles, Soros is funding the operation that will still be running on Election Day 2026. He has been at this for more than 20 years. He just put $50 million down to make sure he keeps going. That's not a donation. That's a declaration.
Sources:
- Joseph Vazquez, "He's Doing It Again! George Soros Drops $50 Million to Buy 2026 Midterms," NewsBusters, April 18, 2026.
- "Democrats' fundraising dominates key midterm races," The Hill, April 17, 2026.
- "George Soros outspends other billionaires in midterms by nearly $60 million," KATV/TND, November 7, 2022.
- "Soros PAC significantly cut spending during 2024 election cycle," Washington Examiner, December 2024.
- "Donor profile: George Soros," Center for Public Integrity.
- "Democracy PAC/Democracy PAC II," FactCheck.org, September 2024.
