The Forbes 400: George Soros Comes in at No 14

The Forbes 400 is the Forbes list of the 400 richest Americans. According to the article below, 84 of them were principally involved in investments. As for the hedge-fund traders, George Soros and John Paulson both had a very good year, coming in 14th and 20th. Bill Gates and Warren Buffet top that list of course.
  
. . . June


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The Forbes 400: Year of the Hedge Funders

By Shira Ovide Deal Journal - WSJ

Forbes’ annual Richie Rich list shows 2010 has been a very good year for hedge-fund titans George Soros and John Paulson

Paulson, who famously earned $4 billion in 2008 betting on the collapse of the housing market, had a net worth of $12.4 billion, ranking 20th on the Forbes list of the 400 richest Americans. That is enough to treat his fellow countrymen to 4.1 billion two-topping pizzas at Domino’s. That’s a lot of cheese.

Soros came in at No. 14, the second-highest-ranked investor on the list (behind Warren Buffett, #2 overall behind Bill Gates). Soros and his $14.2 billion actually are treading water, according to Forbes, which ranked him at No. 15 on its 2009 list of wealthiest Americans.

Overall, this year’s Forbes 400 includes 84 people principally involved in what Forbes calls “Investments,” a list that includes everyone from Buffett (#2 overall) to legally challenged entrepreneur Samuel Wyly (No. 383), with a mere $1 billion as of August. Not a bad showing for an industry supposedly on the decline.

The oldest investor on the Forbes list? That would be John Anderson, 93, who compiled his $2.4 billion fortune through a swath of businesses including auto dealerships, beer distribution and insurance. The youngest investor in the rankings is John Arnold, 36, the former Enron trader who escaped that company’s implosion to start hedge fund Centaurus Energy, and now is worth $3.3 billion by Forbes’s calculation.

Of course Facebook founder Mark Zuckerberg and prolific flop-sweater is much richer — and younger — than Arnold. Zuckerberg actually made news twice today, first by having his Forbes net worth shoot up to $6.9 billion (even richer than Steve Jobs! Well, sort of.) , and then by the disclosure of Zuckerberg’s planned $100 million donation to the Newark, N.J., public school system.

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Gold Heads Upward but Soros Says No Longer Safe Bet

 Gold is climbing and has hit some new milestones recently, but George Soros, hedge-fund trader and investor warns that it's no longer a safe bet. According to the following article, Soros said recently, 'Gold is the only actual bull market currently. In the present circumstances that may continue.'I called gold the ultimate bubble, which means it may go higher. But it's certainly not safe and it's not going to last forever.'  I'll take heed from the master.
    .  . . June


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Gold heads for $1,300 but Soros warn
By Simon Lambert  22 September 2010, 11:39am

Gold hit a fresh high today as it continued its rise towards the $1,300 benchmark, but legendary investor George Soros has warned it is no longer a safe bet.

The gold spot price hit $1,296.3 at 14.05, having made a record closing high of $1,287.15 yesterday.

The move upwards continues the rich run of form for the precious metal, which has hit repeated highs over the past week.

Despite this, Soros issued a warning on gold, which he has invested in, at a Thomson Reuters Newsmaker event on Monday.

He said: 'Gold is the only actual bull market currently. In the present circumstances that may continue.
'I called gold the ultimate bubble, which means it may go higher. But it's certainly not safe and it's not going to last forever.'

Gold has been chased higher by investors searching out its safe haven status and a slip in the value of the dollar.

Fears over the US economy and what effect further stimulus would have on the dollar's value have pushed the greenback down, while Asian banks shifting their focus slightly from using the US dollar as their default safe haven has also contributed.

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