Billionaire Financier George Soros Launches New Super PAC: Billionaire financier George Soros is launching a super PAC ahead of the 2020 election and, at $5.1 million, he has already made the single biggest contribution so far this election cycle compared to any other megadonor.
Soros contributed $5.1 million to the new group, Democracy PAC, according to Paperwork filed with the Federal Election Commission.
Super PACs, which are officially known as “independent-expenditure only committees,” are not allowed to make contributions to specific parties or candidates. They may, however, support initiatives independently of campaigns and do so by engaging in unlimited political spending.
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