Fact Check: Was George Soros forced to file for bankruptcy for funding 'No Kings' protests?

WASHINGTON, DC: Billionaire philanthropist George Soros' Open Society Foundations, known for supporting progressive causes, was accused of funding nationwide "No Kings" protests against President Donald Trump that took place on Saturday, October 18.

Recently, a rumor circulated online claiming that George Soros was forced to file for bankruptcy after funding the "No Kings" protests in October. But is there any truth to this? Let us find out below.

Claim: George Soros forced to file for bankruptcy for funding 'No Kings' protests

In late October, a rumor circulated online claiming that billionaire and frequent target of conspiracy theories George Soros declared bankruptcy after funding nationwide "No Kings" protests against President Donald Trump.

A Facebook post read, "George Soros has been forced to declare bankruptcy after paying over seven million people to attend the No Kings protests, the billionaire confirmed on Monday."

Similarly, an X user also posted, "George Soros Declares Bankruptcy After Paying No Kings Protesters." The post also included a link to an article from The Borowitz Report.

Fact Check: False, no credible evidence to back the claim

The claims made in the online rumor are false, as there is no credible evidence to prove that George Soros was forced to file for bankruptcy after funding the "No Kings" protests in October.

Moreover, no credible media outlets have reported any such news, which would have been widely covered internationally if it were true.

Furthermore, the rumor about Soros' alleged bankruptcy originated from The Borowitz Report, which is "a news satire site published since 2001," according to its author, Andy Borowitz, who also stated in his bio, "I've been writing satirical news since I was eighteen."

Meanwhile, an article on the website elaborated on the satirical story. It read, "George Soros has been forced to declare bankruptcy after paying over seven million people to attend the No Kings protests, the billionaire confirmed on Monday."

"'When I agreed to pay everyone who showed up at these things, I had no idea so many people were going to accept my offer,' Soros admitted. 'But a deal's a deal'," it added. The article further read, "The legendary investor said that paying No Kings participants had required him to liquidate his most prized holdings, including his share in the orbital lasers operated by the Rothschild banking family."

Interestingly, the fictional story spread after the massive October 18, 2025, "No Kings" protests, during which protesters across the country voiced opposition to the Trump administration.

Ted Cruz cites ‘considerable evidence’ of George Soros funding protests

Senator Ted Cruz was the first to raise concerns about ties between George Soros and the "No Kings" protest during an interview with Fox News' Sean Hannity on October 16.

He said, "There's considerable evidence that George Soros and his network are behind funding these rallies, which may well be riots all across the country."

Interestingly, Cruz introduced the Financial Underwriting of Nefarious Demonstrations and Extremist Riots (STOP FUNDERs) Act in July 2025, which would allow the Justice Department to impose Racketeer Influenced and Corrupt Organizations Act (RICO) charges against individuals behind the funding of "violent" and "extreme" protests.

"This politicized march is being organized by Soros operatives and funded by Soros money. No one denies these basic facts. The Trump administration and the Republican Congress are committed to countering this network of left-wing violence," Cruz told Fox News.