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Soros cuts stake in Rivian after 90% fall


May 15, 2023 ,
Сорос сократил долю в Rivian после падения на 90%

The billionaire’s stock portfolio is valued at about $5 billion.

The investment firm of George Soros has reduced its holdings in producers of electric vehicles by selling its shares in Rivian Automotive Inc. following a 90% share price decline and giving up assets in Tesla Inc.

In the first quarter, Soros Fund Management sold around 10.8 million Rivian shares, bringing the market value of the holding down to $55.4 million.

The fund also cut Alphabet, Amazon, and Salesforce.

After adding a new holding during a significant technological advance in the second quarter of 2022 and reducing other technology-related positions, including Alphabet Inc., Amazon.com Inc., and Salesforce Inc., the New York business has liquidated its entire $16 million stake in Tesla Inc.

Through his Open Society Foundations, Soros has invested billions in his charitable endeavors and utilized his money to support organizations that support democracy, human rights, and progressive politics.

The Bloomberg Intelligence Index estimates George Soros’s net worth at $8.5 billion.



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