George Soros and his son Alex Soros have funneled $103 million through Democracy PAC for the 2026 midterm cycle. That's not a typo. One family, one PAC, nine figures — with four months until Election Day.

And somehow we're supposed to pretend this is grassroots democracy at work.

The 95-year-old billionaire isn't even being subtle about the strategy. Of the $103 million total, $102 million has flowed through the super PAC apparatus, with Alex Soros — now president of the Open Society Foundation — serving as the operational arm of his father's political spending empire. The younger Soros dropped $50 million earlier in 2026 alone, essentially front-loading the cash before most voters were paying attention to midterm races.

For context, Soros spent $128 million four years ago. So the pace hasn't slowed. If anything, the infrastructure has gotten more efficient — more money, fewer fingerprints, same outcome: buy as many Democratic candidates as possible before November.

Douglas Kellogg of Americans for Tax Reform described Soros as a "wannabe Bond villain," which is funny but undersells it. Bond villains usually have one plan. Soros has a portfolio. Kellogg put the financial stakes plainly: "Money talks, and Soros money says the most insidious, unconstitutional, costly tax hikes in American history are on the table."

That's the part that gets lost in the headline number. The $103 million isn't charity. It's an investment — and like every Soros investment, it expects a return. The candidates this money supports aren't running on moderate platforms. They're aligned with the Bernie Sanders and Alexandria Ocasio-Cortez wing of the party, the faction that sees the federal budget as a suggestion and the tax code as a weapon.

The Democracy PAC structure is designed for exactly this kind of operation. Super PACs can raise unlimited funds from individuals, and the Soros family has treated that legal framework like an open bar. The money flows to aligned groups, which fund ads, which boost candidates, which — if elected — advance the policy agenda that makes the next round of spending worthwhile.

It's a closed loop. And it's perfectly legal.

The counterargument from the left is predictable: Republicans have billionaire donors too. And that's true. But there's a difference between a donor class spread across dozens of individuals and industries, and a single family writing $103 million in checks to a single PAC. That's not participation. That's ownership.

Four years ago it was $128 million. This cycle it's $103 million with months still to go. Alex Soros has made it clear he intends to continue — and expand — his father's political operation through the Open Society Foundation and its network of affiliated organizations. The foundation alone operates in more than 120 countries. American midterms are just one line item.

The 2026 midterms are four months away. The Soros family has already spent more than most candidates will raise in their entire careers. The races haven't started, but the shopping's done.