Billion-Dollar Deal: Who Snagged the Biggest Score on the Stock Exchange?
💰 The largest profit from a single stock market transaction in history belongs to George Soros.
In the financial world, he is known as "the man who broke the Bank of England." And not without reason — his legendary deal brought in over 1 billion dollars in profit... all in just one day.
When did it happen?
September 16, 1992, a day that went down in history as "Black Wednesday" for the United Kingdom.
What did Soros do?
He bet against the British pound sterling. Confident that the United Kingdom would not be able to maintain its currency within the European Exchange Rate Mechanism, Soros borrowed a huge amount in pounds and exchanged it for German marks.
When the pound sharply collapsed after the UK exited the Exchange Rate Mechanism, Soros simply exchanged the marks back for pounds at a much lower price — and instantly earned $1,000,000,000+.
