2/04/2014

George Soros: The Billion Dollar Wednesday

Black Wednesday took place on the 16th of September 1992. This is the day that the British Pound Stirling crashed. Forex trade George Soros sold short more than $10 billion in pounds. When the UK was forced to withdraw from the European Exchange Mechanism, Soros earned a reported $1.1 billion in one day.  This remains as the single most profitable day for a Forex trader in the history of Forex
currency exchange.

Some Interesting Facts To Help Visualize Just How Much Money Soros Made On Black Wednesday

If he were to withdraw his earning in US $100 dollar bills his pile of cash would weigh as much as 4 2013 Cadillac Escalades.

If he lined up those $100 bills length wise one after another it would stretch roughly 969 miles!

He earned over $11,000 per second the entire day!

He could make a tower of $1 bills stacked on top of each other that would stretch 55.24 miles into the sky or roughly 107 times taller than the worlds tallest building the Burj Khalifa in Dubai.

 He made enough money in one day to buy the LA Lakers... Twice!!!             

Above is what $1 Billion US dollars looks like in $100 Bills, stacked on standard shipping pallets.                               

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