Now it is about $654.38+00 billion, which is far from the top 20.
Amazing and most brilliant year.
Soros's first big exam was in September 1985. On September 6 of that year, Soros bet that the mark and the yen would appreciate. But in fact, they have been declining. So he began to doubt his theory of imperial cycle. He invested $700 million in these two currencies, exceeding the total value of the quantum fund. Although he lost some money, he still believed that the situation would prove him right, so he continued to buy these two currencies, reaching nearly 800 million dollars, 200 million dollars more than the quantum fund. Then,1September 22, 985, Soros's "movie script" began to be concrete. Jim Baker, the new US Treasury Secretary, thinks that the dollar must depreciate because the American people are beginning to demand the protection of their industries. Baker and the finance ministers of West Germany, France, Japan and Britain, that is, a five-member group, met at the Plaza Hotel in new york. After learning the news of the meeting, Soros soon realized what these finance ministers were going to do. He worked day and night and bought millions of yen.
The day after the talks, the dollar was announced to have fallen from 239 yen to 222.5 yen, the biggest drop in history. To Soros's delight, he made $40 million overnight.
In the next six weeks, the dollar depreciated under the continuous promotion of the central bank. By the end of June 65438+ 10, the US dollar had fallen by 13% to 205 yen. To 1986, reduced to 153 yen. The average appreciation of foreign currency against the US dollar is 24%-28%. Soros spent a total of $6543.8+$500 million in this gamble. He used financial leverage to invest a lot of money in marks and yen. Facts have proved that this is a wise action. He earned about 1 USD and 500 million USD before and after. In the first two weeks of June, 165438+ 10, the fund increased to $850 million. Soros holds $/kloc-0.5 billion worth of marks and yen, almost twice as much as the fund. He sold $87 million worth of pounds and $200 million worth of oil, and bought $654.38 billion worth of stocks and futures and nearly $654.38 billion worth of bonds. All in all, he has short positions and long positions worth $4 billion in various markets.