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Renowned American hedge fund manager John Alfred Paulson, founder of Paulson & Co., made a Wall Street fortune by exploiting the subprime mortgage crisis. Born in New York to an Ecuadorian father and Eastern European Jewish descent mother, Paulson graduated with highest honors from New York University and obtained an MBA from Harvard. His career flourished with strategic "event-driven" investments, culminating in a record-breaking $5 billion gain in 2010. Also known for his philanthropy, Paulson's charitable contributions include a historic $100 million to Central Park. Presently, he stands with a net worth of $3 billion.
December 14, 1955 in New York City, U.S.
70 years
Hedge Funds
Finance & Investments
United States
New York, New York
Master of Business Administration, Harvard Business School; Bachelor of Arts/Science, New York University
Jenny Zaharia (Married: 2000; sep. 2021)
2 daughters
John Alfred Paulson was born on December 14, 1955, in Queens, New York. His father was Ecuadorian, while his mother was the daughter of Jewish immigrants from Lithuania and Romania. Paulson excelled academically and graduated as valedictorian of his class from New York University's College of Business and Public Administration in 1978, earning a Bachelor of Science degree in finance summa cum laude. He further pursued his education at Harvard Business School, where he obtained an MBA in 1980.
John Paulson: Family
Paulson married Jenny Zaharia in 2000, and the couple has two daughters. They own properties in New York City, Aspen, and Southampton. In 2021, Paulson filed for divorce but later withdrew the action for out-of-court negotiations.
John Paulson: Career Highlights
Paulson began his career at Boston Consulting Group in 1980. He subsequently worked at Odyssey Partners, Bear Stearns, and Gruss Partners LP before establishing Paulson & Co. in 1994. Paulson & Co. specializes in "event-driven" investments, focusing on mergers, acquisitions, spin-offs, and proxy contests.
Paulson gained significant recognition for his success in 2010 when he made a record $5 billion in a single year, primarily through investments in the gold sector.
John Paulson: Companies
Paulson is the founder and CEO of Paulson & Co., a New York-based investment management firm. The company specializes in event-driven investments and has achieved notable success under Paulson's leadership.
John Paulson: Major Achievements
Paulson is renowned for making one of the largest fortunes in Wall Street history by shorting the US housing market during the subprime mortgage crisis. He earned nearly $4 billion in 2007 and $4.9 billion in 2010. As of January 2023, his net worth is estimated at $3 billion.
John Paulson: Awards & Achievements
Paulson's accomplishments have been widely recognized. He has received numerous awards and accolades, including being named one of the "50 Most Influential People in Finance" by Bloomberg Markets in 2007 and 2008.
Additionally, he was ranked as the highest-earning hedge fund manager by Forbes in 2010.
John Paulson: Personal Life & Legacy
Paulson is known for his philanthropic endeavors. He has made substantial donations to various institutions, including New York University, Southampton Hospital, and the London School of Economics. Notably, he contributed $100 million to the Central Park Conservancy in 2012, marking the largest monetary donation in New York City's park system history. Furthermore, Paulson donated $400 million to Harvard University's School of Engineering and Applied Sciences in 2015, leading to the renaming of the school in his honor.
John Paulson: Trivia
Paulson's success in shorting the housing market during the subprime mortgage crisis has been the subject of much discussion and debate. Some have criticized his actions, while others have praised his foresight and investment acumen.
John Alfred Paulson is born in Queens, New York.
Graduates valedictorian of his class summa cum laude in finance from New York University's College of Business and Public Administration.
Earns an MBA from Harvard Business School.
Starts his career at Boston Consulting Group.
Founds Paulson & Co., an investment management firm.
Gains fame by shorting the US housing market and betting against mortgage-backed securities.
Works with Goldman Sachs to create the Abacus 2007-AC1 investment vehicle.
Makes a record $5 billion in a single year, primarily investing in the gold sector.
Donates $100 million to the Central Park Conservancy.
Gives $400 million to Harvard University's School of Engineering and Applied Sciences.
Serves as one of the top economic advisers to Donald Trump's presidential campaign.
Files for divorce from Jenny Zaharia but withdraws the action for out-of-court negotiations.
Donates $100 million to New York University towards the cost of a new building.
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