How did Soros crash the pound?
As he started to advocate for a weakening pound, other investors also began betting against the pound, which eventually led to the Black Wednesday crash. George Soros reportedly made $1 billion in profit on this day and became known for “breaking the Bank of England.”
When did George Soros make his money?
George Soros is a celebrated hedge fund tycoon who managed client money in New York from 1969 to 2011. In 1992, Soros shorted the British pound and reportedly made a profit of $1 billion. He became known as the man who broke the Bank of England.
How much did Soros make shorting the pound?
Want to see it on more articles? Give your feedback below or email. The recent U.K. market mayhem has yet to find its George Soros, the investor who earned $1 billion by selling the pound short in 1992.