Following the report by The Wall Street Journal on June 11, 2023, regarding Alex Soros assuming control of his father’s political endeavors, he has invested tens of millions of dollars into various initiatives aimed at influencing the 2024 election, as indicated by financial disclosures.
Democracy PAC, the main vehicle through which the Soros family channels its financial resources into electoral politics, has expended approximately $40 million since the WSJ announcement of George Soros transferring leadership to his son, according to campaign finance records. The expenditures made by the PAC under Alex Soros reflect a notable shift from his father’s approach, with a reduced emphasis on criminal justice issues and an increased focus on supporting Democratic efforts to retain the presidency.
“I’m more political,” the younger Soros told the WSJ in 2023, comparing himself to his father. “As much as I would love to get money out of politics, as long as the other side is doing it, we will have to do it, too.”
Organizations affiliated with the Democratic Party allocated over $1.7 billion during the 2020 election cycle, while conservative organizations contributed significantly less, amounting to approximately $1.5 billion, as reported by OpenSecrets’ examination of campaign finance data.
Democracy PAC has transferred $10 million to Future Forward PAC following reports from the Wall Street Journal regarding Alex Soros’s leadership, according to records from the Federal Election Commission (FEC). In 2020, President Joe Biden’s campaign designated Future Forward as the principal super PAC to enhance the Democratic presidential campaign, which has since shifted its focus to support Vice President Kamala Harris after Biden’s withdrawal, as reported by various sources.
George Soros seemed less inclined to utilize Democracy PAC for presidential campaigning compared to his son, contributing only $1 million to Future Forward PAC during the same election period, based on FEC records. However, the elder Soros did personally donate approximately $500,000 to support Biden in 2020, which remains lower than the $721,000 contributed by Alex during that year, as indicated by campaign finance records. Democracy PAC is not the sole avenue through which the Soros family channels funds into politics. The Open Society Foundations, a philanthropic organization established by George Soros and currently led by his son, has invested tens of millions of dollars into left-leaning activist groups aimed at thwarting former President Donald Trump’s electoral success.
The heir to the Soros legacy appears to exhibit a diminished focus on criminal justice issues compared to his father. According to Federal Election Commission records, he has allocated approximately $1.1 million to organizations addressing this matter through Democracy PAC since June 2023. In contrast, his father had already disbursed over $5.6 million to similar groups via Democracy PAC during the corresponding timeframe of the 2020 election cycle. Furthermore, Alex Soros transferred $60 million from the Fund for Policy Reform, a nonprofit dedicated to criminal justice within the Open Society Foundations, into Democracy PAC earlier this year, as indicated by campaign finance records.
While the Soros family has utilized Democracy PAC to support their criminal justice initiatives, they have also made direct contributions to various related causes. However, it seems that these direct contributions are waning under Alex Soros’s leadership, as there have been no donations from the Soros family to the California Justice & Public Safety PAC, which is responsible for electing what George Soros referred to as “reform prosecutors” in the current election cycle. Disclosures reveal that both Alex Soros and his father share some commonalities in their management of Democracy PAC. In both the 2020 and 2024 election cycles, the PAC has contributed millions to the Senate Majority PAC and House Majority PAC, which are focused on electing Democratic candidates to the Senate and House of Representatives, respectively.
Since June 2023, Alex Soros has allocated $9.5 million to two committees, while Democracy PAC, led by his father, contributed $10 million to similar PACs during the same timeframe in 2020, according to Federal Election Commission records. Both the elder Soros and his son have significantly supported pro-abortion committees, including those linked to Planned Parenthood, as well as PACs focused on enhancing women’s representation in elected positions, as indicated by campaign finance records. Alex Soros has explicitly stated to the Wall Street Journal his intention to uphold his father’s commitment to feminism and to advocate for expanded access to abortion. Although Democracy PAC has already disbursed tens of millions of dollars under his leadership, a total of $125 million has been earmarked for the committee, as reported by the Wall Street Journal.
The younger Soros, who is establishing himself as a prominent Democratic donor, has had substantial access to the White House during the Biden-Harris administration, with frequent visits noted in Fox News Digital’s analysis of visitor logs. He has engaged with senior White House officials, including Amanda Sloat, the senior director for Europe at the National Security Council, and Jon Finer, the principal deputy national security adviser.
