George Soros does not plan to use the super PAC to start his own free-standing political group. | Fabrice Coffrini/AFP/Getty Images elections Soros launches super PAC for 2020

Democratic megadonor George Soros is creating a super PAC, called Democracy PAC, to serve as a hub for his 2020 election spending.

Soros has so far put $5.1 million into the PAC, according to paperwork filed with the Federal Election Commission on Wednesday. His $5.1 million contribution was the single biggest check any megadonor has cut so far during the 2020 election cycle.


Soros' move to open the new PAC hints that the billionaire financier may be poised to spend heavily in the 2020 elections. The $5.1 million that Soros put in the PAC more than doubles the $2.1 million he had donated to political causes at this point in the 2016 elections. He would eventually give more than $20 million to Democratic politics during the 2016 race, making him one of the party's biggest individual donors.

Other members of the Soros family might also contribute to Democracy PAC, a person familiar with the group said. Alexander Soros, George Soros’ son, has in recent years taken on a growing role as a Democratic megadonor himself.

The elder Soros does not plan to use the super PAC to start his own free-standing political group, like two of the party’s other megadonors have in recent years. Instead, Soros will use it as a conduit for his giving to other organizations.

The super PAC marks Soros’ first involvement in the 2020 elections. While some Democratic bundlers and donors are becoming increasingly involved with the primary, Soros has stayed neutral and said in a rare 2018 interview about politics with The Washington Post that he does not plan to become involved in the primaries "because they will divide the Democratic Party."

Soros has, however, been a longtime donor to organizations such as Priorities USA Action, the super PAC that will support the Democratic nominee. He has also given millions of dollars to downballot elections, including local prosecutor's races.

CORRECTION: An earlier version of this story included a quote claiming Michael Bloomberg and Tom Steyer were not funders of EMILY's List, Senate Majority PAC, Priorities USA and Planned Parenthood. Bloomberg has contributed to those organizations and Steyer gave money to Senate Majority PAC in the past, according to federal disclosures.