Regardless of what you think about his politics, George Soros is one of the most successful investors in history, with an estimated net worth of $8.6 billion, even after donating more than $30 billion to philanthropic causes. Soros formerly managed the Quantum Fund, which generated an average annual return of 30% from 1970 to 2000. Soros also famously made a $1 billion profit in a single day in 1992 by short selling the British pound. His Soros Fund Management had at least $7.3 billion under management as of the end of 2021, according to SEC filings. Here are seven of the Soros Fund's top stock holdings, according to its latest SEC Form 13F. Rivian Automotive Inc. (RIVN) Liberty Broadband Corp. (LBRDK) D.R. Horton Inc. (DHI) IHS Markit Ltd. (INFO)/S&P Global Inc. (SPGI) Amazon Inc. (AMZN) Aramark (ARMK) Nuance Communications Inc. (NUAN)
Week old "news" from U.S. News & World Report (unattributed by OP, prolly to get youtube clicks):- Billionaire George Soros' 7 Top Stock Picks in 2022 https://money.usnews.com/investing/stock-market-news/slideshows/george-soros-top-stock-picks
%% LOL\ AMZN still looks good if one got in the IPO+ likes single stocks[Edit =not sarcasm even though 2022 chart may appear to be sarcastic]
Well of course he is. He set up an offshore type hedge fund which acted as a tax-free safeheaven to drug lords and other unscrupulous and shady investors. Not to mention Soros also exploited other loopholes so that he himself got to avoid paying taxes. Let's ignore all the other insider trading issues with Soros. Is there any possible way that he could NOT have resulted in a successful investor? Shit... even the poorest person pays about 30% just in taxes every year. As for Soro's brilliance, how quickly people forget him making his dot.com disastrous bundlers. It was interesting listening to Charlie Munger talk about THAT story...
%% I DONT have any ''offshore accounts'' even though the powers that be, set up the Virgin Islands on a low tax or no tax for several good reasons. I do live in one of the 7 US states/+ that have no sales tax. US Congress set up the tax free Roth/back door Roth. IF he buys a little bit of gasoline he pays tax[user fee] unless they cancel that \election year
It would be financial malpractice for his family firm not to do this. I would guess that Soros has given a very significantly larger portion of his wealth to philanthropic causes than just about any other billionaire alive (~80%). So the money he is legally saving on U.S. taxes is going to good causes. If you don't like all these tax loopholes I assume you vote against politicians that favor them, i.e., Republicans -- assuming you are a U.S. citizen?
Giving to charity is a tax loophole only if you believe that government spending of the missed tax revenue i creates better results than private individuals giving to charity. Charity giving by private individuals inc. Go me funding is the free market at its best as the decision is voluntary and not made by some government bureaucrat.