The wealth of George Soros advanced $5.5 billion in 2013 by virtue of the great performance of Quantum Endowment fund controlled by the investor, The Financial Times reported, citing LCH Investments. Thus, the financial expert made over $15 million a day.
Last year, the $28.6 billion Quantum Endowment fund occupied the top position among investment funds as it generated a return of 29 percent. The year of 2013 has become the most profitable period for Soros’ fund since 2009. Since its inception in 1973, Quantum has made $39.6 billion, more than any other firm, LCH said. In recent years, Quantum Endowment has competed with a hedge fund Bridgewater Pure Alpha run by Ray Dalio. In 2011, Bridgewater outpaced Soros’ fund and gained $13.8 billion. In 2013, Ray Dalio’s investment company was behind Quantum.
In September 2013, Forbes magazine valued Soros’ fortune at $20 billion.
