Billionaire George Soros has pledged $1 million to a Super PAC supporting President Obama.
The donation reported over the weekend by the New York Times will go to Priorities USA Action.
The donation reportedly was announced Sept. 27 at a luncheon held by the Democracy Alliance, a group of liberal donors, by Michael Vachon, a long-time Soros political advisor, according to the Times.
Soros is also set to donate $500,000 to two Super PACs backing Congressional Democrats, the newspaper reported.
The donations bring to $4.3 million Soros’s total giving this during this election cycle to PACs supporting Democrats, according to Politico, which reported that this makes Soros the largest donor on the left. He donated $24 million to outside groups ahead of the 2004 election, however.
By contrast, casino mogul Sheldon Adelson has pledged to spend up to $100 million to defeat Obama and congressional Democrats in the upcoming elections.