- Joined
- Jan 3, 2009
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George Soros
Net worth: $11 billion
Citizenship: U.S.
Hedge fund tycoon's bets against the dollar helped his Quantum Endowment Fund make millions last year. Earlier this month, Soros told Reuters that the U.S. economy faced a "lasting slowdown" and its banking system is "basically insolvent." Despite this, Soros did sound a mildly positive note for the buck in an April CNBC interview: "I think the dollar is the dominant currency for a while to come.
Michael Lee-Chin
Net worth: $1 billion
Citizenship: Canada
Lee-Chin told Forbes a few months ago that he would like to hold the majority of his portfolio in the U.S. dollar this year. The Jamaica native is chairman of AIC mutual funds, which he acquired in 1987. Lee-Chin also has interests in Caribbean banks, a communications company and real estate.
Nassef Sawiris
Net worth: $3.1 billion
Citizenship: Egypt
Sawiris also told Forbes he favors the U.S. dollar for his portfolio. He is the son of Onsi Sawiris, who is also a billionaire. Onsi founded the Egyptian conglomerate Orascom. Nassef runs the group's construction and fertilizer division. The University of Chicago grad believes projects in the Gulf and North Africa will fuel revenue growth this year.
Sheikh Mohamed Bin Issa Al Jaber
Net worth: $7 billion
Citizenship: Saudi Arabia
Founder of conglomerate MBI International says he would like to hold the majority of his portfolio in U.S. dollars this year. "I am confident in the U.S. dollar in both the short and the long term. For the foreseeable future, America will continue to be the largest economy." He is, however, worried about inflation: "It is a major concern, but policymakers are aware of it, and they should control it."
Mark Cuban
Net worth: $2.3 billion
Citizenship: U.S.
The Broadcast.com founder and Dallas Mavericks owner says the greenback is "still the currency for the world with no viable alternative." Many world bankers agree. In late March, Dominque Strauss-Kahn, managing director of the International Money Fund, said he didn't consider the role of the dollar currently under threat.
Micky Jagtiani
Net worth: $2 billion
Citizenship: India
Former taxi driver built his $2 billion fortune by transforming his family's baby products shop into Landmark Group, one of the Middle East's largest retail empires. A few months ago Forbes asked Jagtiani which currency he would like to hold the majority of his portfolio in this year. His answer: "The U.S. dollar is pegged against the U.A.E. dirham, the currency in which Landmark Group makes its earnings. This ensures that there is no exposure to foreign exchange fluctuation. The U.S. dollar is also freely convertible to all currencies with minimal cross currency risks."
Jeff Greene
Net worth: $1.3 billion
Citizenship: U.S.
"We've done about everything you can do to devalue the dollar," says Greene, who became a billionaire in 2008 after shorting subprime. "When emerging-market countries like Brazil did this, we looked at them like they're kooky." Greene believes other currencies have even more problems, and is currently long the dollar against the euro. "Unless something changes, my view is that Europe is facing a lot of problems, some of which they haven't even identified yet."
John Catsimatidis
Net worth: $1.7 billion
Citizenship: U.S.
New York magnate made his fortune with a mix of energy, real estate and supermarket investments. He sees problems with the U.S. dollar, but can't find viable alternatives. "The only reason the dollar is so strong is everybody else's [currency] is worse." Besides, "I'm a believer in America. We're going to bounce back."
Net worth: $11 billion
Citizenship: U.S.
Hedge fund tycoon's bets against the dollar helped his Quantum Endowment Fund make millions last year. Earlier this month, Soros told Reuters that the U.S. economy faced a "lasting slowdown" and its banking system is "basically insolvent." Despite this, Soros did sound a mildly positive note for the buck in an April CNBC interview: "I think the dollar is the dominant currency for a while to come.
Michael Lee-Chin
Net worth: $1 billion
Citizenship: Canada
Lee-Chin told Forbes a few months ago that he would like to hold the majority of his portfolio in the U.S. dollar this year. The Jamaica native is chairman of AIC mutual funds, which he acquired in 1987. Lee-Chin also has interests in Caribbean banks, a communications company and real estate.
Nassef Sawiris
Net worth: $3.1 billion
Citizenship: Egypt
Sawiris also told Forbes he favors the U.S. dollar for his portfolio. He is the son of Onsi Sawiris, who is also a billionaire. Onsi founded the Egyptian conglomerate Orascom. Nassef runs the group's construction and fertilizer division. The University of Chicago grad believes projects in the Gulf and North Africa will fuel revenue growth this year.
Sheikh Mohamed Bin Issa Al Jaber
Net worth: $7 billion
Citizenship: Saudi Arabia
Founder of conglomerate MBI International says he would like to hold the majority of his portfolio in U.S. dollars this year. "I am confident in the U.S. dollar in both the short and the long term. For the foreseeable future, America will continue to be the largest economy." He is, however, worried about inflation: "It is a major concern, but policymakers are aware of it, and they should control it."
Mark Cuban
Net worth: $2.3 billion
Citizenship: U.S.
The Broadcast.com founder and Dallas Mavericks owner says the greenback is "still the currency for the world with no viable alternative." Many world bankers agree. In late March, Dominque Strauss-Kahn, managing director of the International Money Fund, said he didn't consider the role of the dollar currently under threat.
Micky Jagtiani
Net worth: $2 billion
Citizenship: India
Former taxi driver built his $2 billion fortune by transforming his family's baby products shop into Landmark Group, one of the Middle East's largest retail empires. A few months ago Forbes asked Jagtiani which currency he would like to hold the majority of his portfolio in this year. His answer: "The U.S. dollar is pegged against the U.A.E. dirham, the currency in which Landmark Group makes its earnings. This ensures that there is no exposure to foreign exchange fluctuation. The U.S. dollar is also freely convertible to all currencies with minimal cross currency risks."
Jeff Greene
Net worth: $1.3 billion
Citizenship: U.S.
"We've done about everything you can do to devalue the dollar," says Greene, who became a billionaire in 2008 after shorting subprime. "When emerging-market countries like Brazil did this, we looked at them like they're kooky." Greene believes other currencies have even more problems, and is currently long the dollar against the euro. "Unless something changes, my view is that Europe is facing a lot of problems, some of which they haven't even identified yet."
John Catsimatidis
Net worth: $1.7 billion
Citizenship: U.S.
New York magnate made his fortune with a mix of energy, real estate and supermarket investments. He sees problems with the U.S. dollar, but can't find viable alternatives. "The only reason the dollar is so strong is everybody else's [currency] is worse." Besides, "I'm a believer in America. We're going to bounce back."
