Soros Lost Nearly $1 Billion After Trump Election, WSJ Reports

Stanley Druckenmiller, his former deputy, saw sizable gains
S&P 500 has rallied 5.6 percent since Trump’s victory

George Soros.
Photographer: Jason Alden/Bloomberg

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By Alan Mirabella

January 12, 2017 at 2:04 PM UTC

This article is for subscribers only.

George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election, the Wall Street Journal reported.

But Stanley Druckenmiller, Soros’s former deputy who helped him score $1 billion of profits betting against the British pound in 1992, anticipated the market’s recent climb and had sizable gains, the newspaper reported Thursday, citing sources it didn’t identify.