Soros had supported Democratic presidential candidate Hillary Clinton during the campaign.

By Lucinda Shen
January 13, 2017
January 13, 2017

While stock markets soared to new highs following Donald Trump’s election, billionaire investors George Soros lost close to a billion dollars as a result of that rally.

That’s according to people familiar with the matter interviewed by The Wall Street Journal.

Soros, who made $1 billion by betting on the British pound’s devaluation in 1992, reportedly thought markets would fall immediately following Trump’s surprise November win.

 

Soros had supported then-Democratic presidential candidate Hillary Clinton during the campaign.

In contrast, hedge funds run by Trump advisors earned a windfall on their stock portfolios. Billionaire Carl Icahn made upwards of $700 million on November 9, while John Paulson reaped over $463 million on the same day.

SPONSORED FINANCIAL CONTENT

You May Like