George Soros, the billionaire hedge-fund manager and liberal financier, lost nearly $1 billion after becoming bearish after Donald Trump’s election victory, The Wall Street Journal reported. The 86-year-old was cautious about the market prior to November’s election became more bearish after Trump’s win. He also contributed $5 million to a super PAC aimed at mobilizing Latinos and other immigrants in hopes to stop the Trump campaign. Soros has a long history of contributing millions to liberal political causes, and pockets don't get much deeper than his. The Wall Street Journal reported that overall, Soros’ fund is up about 5 percent on the year.

Source: Fox News January 13, 2017 05:42 UTC