Billionaire investor George Soros has re-emerged this election cycle as a major Democratic donor, committing more than $25 million to Hillary Clinton and other party candidates and causes, according to Politico.
The Hungarian-born financier is worth $24.9 billion, according toForbes‘ most recent estimate, and his return as a big-time contributor will be a boon to the party as it seeks to retain control of the White House and regain a majority in the Senate.
Soros advisor Michael Vachon told Politico that Soros “has been a consistent donor to Democratic causes, but this year the political stakes are exceptionally high.”
Vachon confirmed to CNBC Politico’s report of the roughly $25 million in donations so far this cycle.
Soros’ charity, Open Society Foundations, did not respond to CNBC’s requests for comment.