Billionaire market speculator and philanthropist George Soros is throwing his support behind the Ready for Hillary super PAC, a group whose sole purpose is to urge Hillary Rodham Clinton’s to seek her party's nomination in 2016.
We are proud to welcome George Soros as one of the co-chairs of @ReadyForHillary's national finance council.— Ready for Hillary (@ReadyForHillary) October 24, 2013
The PAC announced Thursday via Twitter its partnership with Soros. Some believe that the support from the legendary billionaire philanthropist will attract other top-dollar donors, possibly nudging out potential 2016 contenders.
Soros will co-chair the group’s national finance council. This means that he and other council members are obligated to contribute or raise at least $25,000 for the group.
The council is scheduled to meet Nov. 12, USA Today reported.
The PAC has not yet disclosed how many members currently serve on the board.
However, according to the same USA Today report, we do know that Houston trial lawyer Steve Mostyn and Susie Tompkins Buell, a longtime Clinton supporter and co-founder of the Esprit clothing line, are on the council.
Twenty-four people contributed roughly $25,000 to the PAC in the first six months of 2013, according to federal campaign records.
Although PACs are technically allowed to raise and donate as much as they please, Ready for Hillary has reported set caps at $25,000.
“Ready for Hillary, launched this year by some of Clinton's most enthusiastic supporters, has positioned itself as the vehicle for building grassroots support for a Clinton candidacy should she decide to run,” USA Today notes.
“Priorities USA Action, a super PAC that aided President Obama's re-election last year, is expected to raise money to run advertising on Clinton's behalf if she launches a campaign. Mostyn donated more than $3 million to the group in the 2012 campaign,” the report adds.
As of this writing, the former Secretary of State has not yet said whether she will seek the Democrat Party’s nomination.
Follow Becket Adams (@BecketAdams) on Twitter