Saturday, 2 June 2012

63.John Paulson

John Paulson
Net Worth
$12.5 B As of March 2012
At a Glance
  • Age: 56
  • Source of Wealth: Hedge funds, Self-made
  • Residence: New York, NY
  • Country of Citizenship: United States
  • Education: Master of Business Administration, Harvard University; Bachelor of Arts / Science, New York University
  • Marital Status: Married
  • Children: 2
Forbes Lists
Profile:
The hedge fund titan who pulled off the greatest trade ever was humbled in 2011. His flagship Paulson Advantage fund sank 35.91% net of fees. Paulson Advantage Plus was down a whopping 50.67% after fees. The blow was somewhat softer for Paulson personally; he keeps a big chunk of his personal capital invested in Paulson & Co.'s gold-denominated shares. But even though he was hedging his bets, Paulson's net worth took a $3 billion hit in 2011. Paulson got his start at Odyssey Partners and later became a managing director of M&A at Bear Stearns. He founded his hedge fund firm in 1994 and became a billionaire in 2007 by shorting subprime securities, earning a $3.5 billion payout. In 2010, his take-home pay was $4.9 billion, a record for the hedge fund industry. He is donating $15 million to a new maternity hospital in Guayaquil, Ecuador, where his father was born. [...] more

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