Tommy Tune is a Broadway star who was raised in Houston and trained at a famous dance academy in the city. He has had quite a decorated stage career on Broadway with several awards including the Tony’s for his role in “Will Rogers Follies,” “Nine” and “A Day In Hollywood / A Night In The Ukraine.” He was warmly received by a hometown audience on a return tour featuring a performance in Miller Outdoor Theater. But the best part of the evening was when he was invited to the home of renowned businessman Tony Petrello. Petrello has long admired Tune’s work and was eager to introduce him to his family. Petrello may tote a hard line as the leader of a big drilling company, but he has quite a generous personality outside the office.
Tony Petrello is the director of technology initiatives as CEO of Nabors Industries. Nabors Industries is publicly-traded and has contracts with some of the world’s top oil companies, and their drilling patents include horizontal wells, hybrid rigs and offshore modular rigs. They also have automated rigs like the M-800 and M-1000 series and they’ve developed drilling data software. Petrello has been with Nabors Industries for more than 25 years and had a career in law before joining them.
Tony Petrello went to school in a Newark, NJ inner city school and he was a top math student. He earned a scholarship to Yale University and completed a bachelor’s and master’s in advanced math while also serving as a teacher’s assistant to Dr. Serge Lange, a famous mathematician. After finishing at Yale, Petrello went to Harvard law school and got his JD. After passing the bar exam for New York, he joined Baker & McKenzie and represented clients for corporate law cases. He became managing partner of the firm his seventh year there, and his work for Nabors Industries landed him the job as chief operating officer.
Tony Petrello’s generosity has gone beyond welcoming Broadway stars to giving to other community assistance programs and hospitals including the Texas Children’s Hospital. He has a daughter named Carena who has had to live with cerebral palsy, and his love for her led to him getting involved with TCH. He has donated regularly to their neurological research center to the tune of $7 billion and is currently on their board of trustees.
It has been a long and successful ride for billionaire George Soros and he has been running one of the most successful hedge funds in the world for many years. Due to this history of success, when Soros makes a statement or takes an action the rest of the financial world takes notice. That is what happened recently when Soros and his company decided to dump a large portion of U.S. stocks and start to invest heavily in the gold market. It shows the value on https://www.project-syndicate.org/columnist/george-soros that he has for gold and the lack of faith he has in the immediate future of the world markets.
George Soros has been preparing for the worst since the end of last year due to his belief that the current poor economic situation in China is going to have a negative effect on all of the world markets, even the U.S. Stock Exchange. His belief that the current transitions in China are debt fueled and will lead to a break down like the world saw in the United States in 2007-08. That makes gold an attractive alternative for Soros to invest in. In a government filing recently is was disclosed that the in a government filing that Soros Fund Management’s holdings were publicly disclosed as being down by 37% at the value of 3.5 billion.
This is because the fund has been starting to accumulate large interests in the gold markets by accumulating 1.05 million shares in SPDR Gold Trust as well as taking up a stake in Barrick Gold Corporation that is estimated to be worth $431 million as of the end of March 2016. It is believed that the value of gold is going to rise significantly because there is a large interest from the Chinese in acquiring gold that competition makes the market lucrative and it seems that Soros is out in front of the curve again. Read more on http://www.investopedia.com/university/greatest/georgesoros.asp
This move is being supported by the financial moves are being supported by others as well, Stan Druckenmiller, a former Soros employee, is being aggressive in gold markets as well. George Soros is buying up as much of the commodity as possible and avoiding investments that involve the negative interest rates. Gold is providing a great initial return on investment as the value rose 16 percent in the first three months of the year. That marked the biggest gain in a single quarter since 1986. That also means that the value of Soros portion of Barrick is rising as well and it seems like he is doing it again, making a fortune.
George Soros is a Hungarian born billionaire who has managed one of the most successful hedge funds in history. George Soros is also a world renowned philanthropist giving back to many causes that work for the freedom of people in the world. He has established Open Society organizations in more than 100 countries around the world. These organizations work to protect the rights of people and to create transparency in government.