Billionaire George Soros has committed $1 million to the primary Super PAC supporting President Barack Obama, NBC News confirms.
Two sources familiar with the decision say that Soros will write the seven-figure check to Priorities USA Action, the pro-Obama organization formally endorsed by the president's campaign aides as a clearinghouse for top Obama donors.
Soros, a Hungarian-American investor famed for his hefty contributions to Democratic and philanthropic causes, is listed by Forbes as the 15th richest man in America with a net worth of about $19 billion. In June, he gave $1 million to Democratic research organization American Bridge.
Although it posted relatively meager numbers in the months after its creation, Priorities USA Action has since become competitive with pro-Romney organization Restore Our Future. It reeled in a record $10 million last month and has raised a total of more than $35 million.