While Carl Icahn infamously made a killing following the "surprise" Trump election, another prominent hedge fund manager was not nearly as lucky. According to the WSJ, "George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election."
Which, of course means, he only has $29 or so billion left. As discussed in 2016, Soros returned to trading at Soros Fund Management LLC, which manages $30 billion for the Soros and his family. Read more.
Zero Hedge
Related,
- Soros Lost Nearly $1 Billion After Trump Election, WSJ Reports - Bloomberg
- George Soros reportedly lost about $1 billion after Trump’s election - Business Insider
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