Soros to cut $1 million check to pro-Obama Super PAC

Billionaire George Soros has committed $1 million to the primary Super PAC supporting President Barack Obama, NBC News confirms.

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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.

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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.