Billionaire hedge-fund manager George Soros, who spent $25 million on efforts to elect Hillary Clinton in 2016, is reported to have lost over a billion dollars due to the election of Donald Trump.
This comes due to the post election economic bump provided by the Trump victory. The market rallied under the belief that Trump’s policies would boost corporate earnings and the overall economy. Soros, a lifetime democrat and left-wing financier, was predicting a Hillary victory, and invested accordingly, leading to the billion dollar loss.
Recently, Soros and other major liberal donors have retreated to the shadows, meeting with major Democrat leaders such as House Minority Leader Nancy Pelosi and progressive Senator Elizabeth Warren, plotting the most effective way to fight the incoming Trump presidency.
Breitbart has the story here.