So according to Forbes, as of last week, Soros is worth 22B. Can someone please explain to me how his net worth increased by 7.5B since the same time last year? I thought he was 75% cash.....
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The increased drug trade has him to laundering more money in the Bahamas this year?
They cracked open some of his accounts in the Cayman Islands?
His accountant couldn't hide it all in UBS this year?
ZING
^ was that REALLY necessary?
Hey hey, no shit swinging in my thread people....
I guess Soros is on WSO...
LOl.... what is with the poop swinging on UFO. Soro's people butt hurt?
Lots of estimation/guess-work goes into those #'s, I imagine that with the return of outside capital it's easier to get an idea of the man himself's number.
^ Good call.
Also, thanks to whoever threw me a few bananas, I appreciate it.
Once it was disclosed Soros only managed $1B of client money, Forbes realized they'd been lowballing him for a while. Going long Soros/Paulson spread.
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He has been short the euro since the collapse of oil in April which he was long since the beginning of the year. He sold out of gold after being almost a 50% owner of the GLD ETF. Those are just a few of his commodity bets that I'm aware of.
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