Trump beats Soros in assets, but power is not just money
Former President Donald Trump's net worth surpassed $6.4 billion on Monday, following the completion of a 29-month SPAC deal for his social media company, Trump Media & Technology Group (now trading under the symbol $DJT).
According to Bloomberg's Wealth Index of the world's richest people, Trump is ranked 328th, with a net worth of $7.81 billion. George Soros, the one who ideologically presents himself as his great opponent, is in 375th place with a net worth of 7.16 billion dollars. In truth, Soros is even surpassed by Giorgio Armani with 7.25 billion dollars.
This may be an indicator of the entrepreneurial ability of Trump, often indicated as dying, then rising from the ashes like a phoenix, but, in reality, it is not a precise indicator of the power of the two parties: the 93-year-old Soros has been delving into politics for 30 years through its foundations, helping the election of friendly politicians and recently also of prosecutors, managed to have a weight greater than its economic value.
Soros is perhaps best known as the man who 'broke' the Bank of England and humiliated the Bank of Italy – when he made around $1 billion in profit by shorting the British pound during Wednesday's financial crisis Black in 1992, after burning the reserves of the Bank of Italy in February of the same year. His skill in that case was to read economic reality against the unrealistic wishes of central banks.
In 1991, the Washington Post defined Soros as a "manifest agent" of regime change in Europe supported by the United States and what then happened may perhaps be the clearest sign of this: without Soros the Euro would not have been born, instrument of power of the Commission and the EU. More recently, as previously noted, Soros has poured his resources into organizations promoting a social policy of his own that pushes for admiration in the EU and the US.
In the USA in recent years Soros has understood where politics really is and has dedicated himself to financing the most extremist prosecutorial candidates in his left-wing positions, causing a decline in security in several large cities
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The article Trump beats Soros as assets, but power is not just money comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/trump-piu-ricco-di-soros-ma-potere/ on Fri, 29 Mar 2024 08:00:18 +0000.