Just another Network site

Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner

George Soros' latest big bet? A gold miner.  He's worth $24.4 billion

  • Billionaire George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp.
  • Soros sold a stake in Level 3 Communications Inc. which was worth $173 million as of Dec. 31 and a holding in Dow Chemical Co. that was worth $161 million.
  • The value of his firm’s equity holdings fell by 22 percent to $13.6 billion, a filing shows.

Read the full article, click here.


@BBGBillionaires: “George Soros’ latest big bet? A gold miner. He’s worth $24.4 billion”


Billionaire George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp.


Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner

Comments are closed, but trackbacks and pingbacks are open.