[Soros is Top Dog]
Hi Ray,
Glad to see you back in the swing again. George Soros isn't swinging tonight. He is reportedly one of those arbitrageurs who got crunched by MCI's dive. His losses were supposedly huge! At least he has Amati to hold him up! (Or has he?) Anyway, I hope they can put it together again. I was looking forward to hearing Amati in a Concert. And lets not bereave George too much. He was in other news today as well. C below.......
Thursday August 21 5:54 PM EDT
Soros was Wall Street's top dog in 1996 - magazine
NEW YORK, Aug 21 (Reuter) - George Soros, the Hungarian-born U.S. financier and philanthropist, made at least $800 million on Wall Street last year, topping Financial World magazine's list of the top 100 earners in 1996.
The lucky 100, who are all men, earned an average of $56 million apiece, the highest average since Financial World began publishing its annual study in 1985.
Leveraged buyout specialists made spectacular profits, selling off dozens of holdings which they bought on the cheap as the stock market rose higher and higher, the study said.
Leveraged buyout firm Kohlberg Kravis Roberts dominated the list with four executives in the top 10. Henry Kravis and George Roberts each amassed $265 million or more in the year and Jerome Kohlberg reaped $112 million.
Leveraged buyout experts Sam Fox, Thomas Lee and Ted Forstmann also reaped tremendous windfalls that would put most lottery jackpots to shame.
The youngest money mogul to make the list was 35-year-old Joshua Nash, who came in at No. 71. He made at least $20 million last year managing funds at the New York investment firm Odyssey Partners, the study said.
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Copyright c 1997 Reuters Limited.
Ray! They left you off the list!! :-) |
