How George Soros lost a billion dollars due to Donald Trump

To say that George Soros became a billionaire in one day is exaggerated … In addition, It was enough for a few hours. Furthermore, Global economic history remembers that day (it was a Wednesday) as «Black Wednesday» From the Bank of England. Meanwhile, the Central Bank of the United Kingdom. On September 16, 1992 in the evening, the Sterling book had lost 15 % of its morning value. And the assets held by the Quantum Fund, co -founded by the now wealthy George Soros, had won $ 1.1 billion in additional value.

At 62. this Hungarian exile who learned the economy in London by funding his studies from odd jobs (lifeguard or junk seller) had just made a carpet, betting on the bankruptcy of a national monetary authority. Located in New York in a small brokerage agency in the 1950s on the 1950s. Soros gradually made a name for itself by exchanging petroleum stocks and then focusing on profitable mergers and acquisitions in industry. This time. this other “Wall Street wolf” won the jackpot and inscribes its name in golden letters in finance manuals – becoming, for the international press, «The man who broke the Bank of England», The man who blew up the Bank of England.

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His financial success made him at least also respected …