Has anybody ever become a billionaire by just spread betting?
Written By: admin on November 22, 2009
One Comment
I want to know if anyone knows, or has heard of anyone who has ever become a billionaire, and made their billion by just spread betting?
Also I know that a lot of millionaires and multimillionaires have been made and lost doing this.
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well, financier George Soros risked $10 billion betting against sterling in September 1992. Luckily for him he got it right with the pound having to be devalued and withdrawn from the European Exchange Rate Mechanism. This left Soros with a profit of nearly $2 billion and the unofficial title of ‘the man who broke the Bank of England’.