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Biden’s re-election efforts bolstered by massive donations from George Soros and other billionaires

George Soros and other prominent billionaires bolstered President Biden’s re-election efforts during the third quarter, filings reviewed by Fox News Digital show.

The deep-pocketed donors each cut six-figure contributions to the Biden Victory Fund — a joint fundraising venture that consists of Biden’s campaign, the Democratic National Committee (DNC), all 50 state Democratic parties and Washington, D.C.’s Democratic committee — between July and September. 

The structure allows wealthy benefactors to donate up to $929,600 each per election cycle. Joint fundraising committees have gained traction with both political parties in recent years, enabling donors to contribute far more to one entity, which then takes the cash and showers it among the groups involved in the endeavor.

The Biden Victory Fund raised just over $48 million during the third quarter. Its records show that it funneled $17.75 million into Biden’s campaign in late September. It also recently transferred $5 million to the DNC.

Joe Schoffstall is a politics producer/reporter for Fox News Digital. Story tips can be sent to Joe.Schoffstall@Fox.com and on Twitter: @joeschoffstall

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