George Soros shorted the British pound and made $1 billion.

Back in the 90s when Britain was thriving, not only did George Soros short the pound, he borrowed heavily to do so. This was when pound was being traded on a fixed exchange rate.

Soon after Soros's short bet, the British government realized that it would loose billions if it continued to artificially prop up the pound. They withdrew from the European Exchange Rate Mechanism, and the pound plummeted.

This short bet bagged Soros at least $1 billion, elevating him to 'brilliant billionaire investor' status.

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