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Monday, August 27, 2012

George Soros Buys Manchester United Stocks

George Soros reveals major stake in Manchester United. George Soros' hedge fund spends $40mn on shares in club. Players' salaries have made them multi-millionaires. EPL stars see 1508% salary increase since 1992. TV revenues allow for higher player wages. Players can move freely between EU clubs once contracts expire. Clubs have more firepower. Wayne Rooney makes $20.5m a year. Yaya Toure makes $16.4m as does Carlos Tevez. But Baseball is the most lucrative. Alex Rodriguez makes $25m. American athletes make more than footballers. Baseball players make the most. NBA is the greatest in the world.
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Thursday, August 16, 2012

Billionaire George Soros Bets Big on Gold

According to Bloomberg News,  Paulson & Co. and Soros Fund Management bumped up exposure to SPDR Gold Trust to 21.8 million shares and 884,000 shares, respectively. Paulson & Co. now has 44 percent of its $24 billion fund exposed to bullion.
On Wednesday, according to Reuters,  gold began to rebound after two straight losing days with spot gold climbing to $1,604.35 an ounce, up 0.4 percent.  According to CNBC, in the previous four months gold has had a difficult time moving beyond a $1,525 and $1,680  range.

Sunday, August 12, 2012

George Soros Getting Married To Girlfriend Tamiko Bolton

(Reuters) - Billionaire investor George Soros had a lot to celebrate on Saturday evening: his 82nd birthday and the engagement to his much younger girlfriend Tamiko Bolton. Soros and Bolton, who met in the spring of 2008, formally announced their engagement at a party at Soros' summer home in Southampton, New York attended by a small group of friends and relatives, according to a person familiar with the trader. Soros proposed to Bolton, 40, a few weeks ago during a weekend visit to the Hamptons, a summer beachside colony on Long Island frequented by New York's wealthy.
Source : Business Insider : George Soros Is Getting Married To Girlfriend Tamiko Bolton>>>>>

Sunday, August 5, 2012

Alexander Soros talks about His Foundation

Alexander Soros, philanthropist and son of billionaire investor George Soros, talks about the Alexander Soros Foundation and his father. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)At a party held on a sprawling, seafront farm in Bridgehampton Saturday evening, Alexander Soros, the 26-year-old aspiring academic and son of business magnate George Soros, took off his mask. Literally. "I'm a bad mask-wearer," the younger Mr. Soros said as reported by the Wall street journal
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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.