WASHINGTON -- Liberal philanthropist and financial guru George Soros is donating $1 million to American Bridge 21st Century, a “super PAC” that serves as a opposition research clearinghouse for pro-Democratic groups, his spokesman announced Monday evening.
Soros’ donation, first reported by the New York Times, is his first major political contribution of the 2012 cycle. He gave $175,000 last year to super PACs backing Democratic congressional candidates.
Soros, whose worth is estimated at $22 billion by Forbes, is one of the most sought-after donors on the left. In 2004, he poured $27.5 million into groups such as the voter mobilization organization Americans Coming Together in an effort to defeat President George W. Bush
Since then, much of his political giving has been focused on voter education and outreach. Notably, the renowned hedge fund investor has yet to donate to Priorities USA Action, the super PAC backing President Obama’s reelection. That group has struggled to match the fundraising of its conservative counterparts, stymied by a distaste among liberal donors for financing outside groups that have purely electoral aims.