View Full Version : How is it that Jim Rogers and George Soros were partners?
Howard_Roark
04-06-2009, 09:02 AM
I have always wandered this.. George Soros is the poster boy and bankroller of the socialist left while Jim Rogers is one of the highest profile free market economics/libertarian proponets. Yet they were cofounders of the Quantum Fund. I know Soros is worth $11 billion but apparently Jim Rogers is worth much less because he isnt on the Forbes list at all.
Deborah K
04-06-2009, 09:54 AM
I didn't know this. If it's true, it explains a lot for me.
LibertyEagle
04-06-2009, 10:12 AM
I didn't know this. If it's true, it explains a lot for me.
How so?
Cowlesy
04-06-2009, 10:23 AM
Way back in the day when they were a lot younger they were both in it to make some dough, but it seems the philosophical divide was too much to overcome and part ways.
I suspect Rogers is worth a lot more than is reported anywhere. He seems like the type that probably houses and villas all over the world with vaults built into them.
Howard_Roark
04-06-2009, 10:29 AM
Way back in the day when they were a lot younger they were both in it to make some dough, but it seems the philosophical divide was too much to overcome and part ways.
I suspect Rogers is worth a lot more than is reported anywhere. He seems like the type that probably houses and villas all over the world with vaults built into them.
Thats an interesting take, I know he sold his manhattan townhouse for $15 million and moved to Singapore but past that you can't pin a number on him, I did a search for his net worth on google and turned up nothing. Everytime you watch him on TV hes in another part of the world, Singapore, Switzerland, China... pretty badass lifestyle if you ask me.
youngbuck
04-06-2009, 10:33 AM
Thats an interesting take, I know he sold his manhattan townhouse for $15 million and moved to Singapore but past that you can't pin a number on him, I did a search for his net worth on google and turned up nothing. Everytime you watch him on TV hes in another part of the world, Singapore, Switzerland, China... pretty badass lifestyle if you ask me.
Hell yea... :cool:
stag15
04-06-2009, 10:33 AM
I wondered this myself. Is Jim being dishonest, or did him and George part ways because of beliefs? Jim seems to be a decent guy who puts his family first.
Cowlesy
04-06-2009, 10:36 AM
Well look at Soros. He's the textbook social engineer with a ton of money. Rogers on the other hand wants a complete laissez-faire economy. They're at polar opposites of the spectrum.
hugolp
04-06-2009, 01:41 PM
Way back in the day when they were a lot younger they were both in it to make some dough, but it seems the philosophical divide was too much to overcome and part ways.
I suspect Rogers is worth a lot more than is reported anywhere. He seems like the type that probably houses and villas all over the world with vaults built into them.
I have seen Rogers on TV and he is allways recomending buying gold regularly, as a way to store your wealth so that is probably true. Another one that does this is Marc Faber.
Howard_Roark
04-06-2009, 02:26 PM
I have seen Rogers on TV and he is allways recomending buying gold regularly, as a way to store your wealth so that is probably true. Another one that does this is Marc Faber.
Rogers actually always talks about commodities and right now is hyping agriculture, he mentions gold now and then but its not what hes known for.
Jim Rogers Go Get yourself a Tractor 1st Apr 09
http://www.youtube.com/watch?v=wgxxD7GGddM
Howard_Roark
04-06-2009, 03:06 PM
I looked at Forbes, George Soros is actually now worth $11 billion and is the 29th richest in the world.
From wikipedia
"In 1970 he co-founded the Quantum Fund with Jim Rogers, which created the bulk of the Soros fortune"
You gotta think Rogers is totally loaded, yet hes not even on the list.
TheOraclePaul
04-10-2009, 07:28 AM
That's because you only make it on the Forbes list if your net worth is publicly available. For example, if you own a bunch of stock in a company, like Bill Gates, then his net worth can be deduced by multiplying the amount he owns by the stock price. The Forbes net worth lists are only estimates, they aren't 100% accurate - many of those people own tons of assets that aren't even included in their calculations. Also, think about all the individuals who don't report their incomes - ie criminals - that probably have net worths that would rival many people on the list. I bet Jim Rogers has at least 100 million, just based on the number of properties he owns (which is information that's publicly available).
Howard_Roark
04-10-2009, 09:28 AM
That's because you only make it on the Forbes list if your net worth is publicly available.
This isn't true. Alot of people on the Forbes list don't have public companies but private ones like Koch Industries, and Forbes just estimates the value. Also, there is a mexican drug billionaire on the list so its wealth from all sources.
They only put you on the Forbes list if you want to be on the Forbes list. Jim Rogers probably chose to opt-out.
Howard_Roark
04-10-2009, 02:04 PM
They only put you on the Forbes list if you want to be on the Forbes list. Jim Rogers probably chose to opt-out.
What? No they don't. There are lots of people on the Forbes list that wish they werent on it. Why would you answer a question with a guess as if you knew for sure?
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