George Soros didn't short the pound this time

Thomson ReutersBusiness magnate George Soros arrives to speak at the Open Russia Club in London

George Soros, the billionaire who earned fame by betting against the pound in 1992, didn't bet on the pound dropping just ahead of Britain's vote to leave the European Union.

but he did profit from other bearish bets due to the Brexit result, a spokesman said.

"George Soros did not speculate against sterling while he was arguing for Britain to remain in the European Union," a spokesman for Soros said on Monday. "In fact, he was long the British Pound leading up to the vote."

George Soros, who famously made £1 billion betting against the pound on "Black Wednesday," said "that after a Brexit vote the pound would fall by at least 15% and possibly more than 20%."

"However, because of his generally bearish outlook on world markets, Mr. Soros did profit from other investments," the spokesman said.