From Wikipedia, the free encyclopedia John Paulson
John Paulson
John Paulson Career
Born John Alfred Paulson Paulson began his career at Boston Consulting Group and
December 14, 1955 (1955-12-14) (age 56)
then left to join Odyssey Partners where he worked with
Queens, New York, U.S.
Leon Levy. Later he took a position in the mergers and ac-
Residence Manhattan, New York, U.S.[1] quisitions department at Bear Stearns followed by part-
Southampton, New York, U.S.[1] ner status at the mergers arbitrage firm Gruss Partners
Citizenship United States LP. In 1994, he founded his own hedge fund, Paulson &
Co. with $2 million and one employee.[citation needed]
Alma mater New York University (BSc) In 2008, Paulson co-wrote a Wall Street Journal op-ed
Harvard University (MBA)
piece suggesting an alternative to the Treasury Secre-
Occupation Founder and President of Paulson & Co. tary’s plan for stabilizing the markets.[7] Later that year
he began a new fund that lent money to investment
Salary $4.9 billion (2010)[1]
banks and hedge funds during the mortgage crisis.[citation
Net worth $15.5 billion (Sept. 2011)[2] needed] Paulson "shot to fame and fortune" when his in-
vestment strategies paid off during the subprime housing
Religion Jewish[3]
market.[8]
Spouse Jenny Paulson[4]
Children 2[4] Personal
John Alfred Paulson (born December 14, 1955) is an Paulson, his wife Jenny, and their two children live on
American hedge fund manager, he is the founder and the Upper East Side of New York City. He also has homes
President of Paulson & Co., a New York-based hedge fund. in Southampton, New York and Aspen, Colorado.[4] John
Paulson became a billionaire by short-selling sub- Paulson is unrelated to former U.S. Treasury Secretary
prime mortgages in 2007, and made $3.5 billion that Hank Paulson.[5][9]
year.[1] In 2010, he beat a hedge-fund record by making Paulson was ranked 39 on the 2011 Forbes list of the
nearly $5 billion.[1] world’s wealthiest people[1] with a net worth of almost
In 2011, he made bad trades in Bank of America,[1] Cit- $16 billion.[1] Between 2009 and 2011 Paulson made sev-
igroup[1] and the fraud-suspected China-based Canadian- eral charitable donations including, $15 million to the
listed company; Sino-Forest Corporation.[1] His flagship Center for Responsible Lending, $20 million to New York
fund, Paulson Advantage Fund, was down over 40% as of University Stern School of Business, $15 million to build
September 2011. During that same time, Paulson had in- a children’s hospital in Guayaquil, Ecuador and £2.5 mil-
vested most of his personal fortune in gold[1] and it had lion to the London School of Economics for the John A
grown by $3.1 billion from September 2010 to September Paulson Chair in European Political Economy.[10][11][12]
2011.[1] Paulson has contributed $140,000 to political candidates
and parties since 2000, 45% of which went to Republicans,
16% to Democrats, and 36% to special interests.[13] In
Early life and education 2011, employees of Paulson & Co. contributed at least
Paulson was born in Queens, New York, the son of Alfredo $61,050 to the campaign for John Boehner. [14]
Paulson, Chief Financial Officer at Ruder Finn.[5][6] Paul-
son attended school at the Whitestone Hebrew Centre in See Also
Whitestone, New York.
He received his bachelor’s degree in finance from • Paulson & Co.
New York University’s College of Business and Public Ad- • Sino-Forest Corporation
ministration (now the New York University Stern School
of Business). He earned his MBA from Harvard Business References
School.
[1] ^ "John Paulson - Forbes". Forbes. March 9, 2011.
http://www.forbes.com/profile/john-paulson.
Retrieved May 16, 2011.
1
From Wikipedia, the free encyclopedia John Paulson
[2] Forbes. http://www.forbes.com/profile/john- [13] Campaign Contribution Search: John Paulson.
paulson/. Federal Election Commission data via NEWSMEAT.
[3] http://www.jpost.com/JewishWorld/ February 7, 2011.
JewishFeatures/Article.aspx?id=187418 [14] Wachtel, Katya. "Suddenly John Paulson’s Hedge
[4] ^ McShane, Larry. "John Paulson, hedge fund Fund Is One Of John Boehner’s Biggest Donors".
heavyweight, raked in $5 billion last year, roughly Business Insider. http://www.businessinsider.com/
$13.7 million a day". New York Daily News. January john-paulson-is-one-of-john-boehners-biggest-
29, 2011. Retrieved February 24, 2011. donors-wall-street-2011-7. Retrieved 9 August
[5] ^ Goldiner, Dave. "Queens-born John Paulson 2011.
makes fortune on home foreclosures". New York
Daily News. January 16, 2008.
[6] Dion, Don. "Fund Lessons From John Paulson". The
External links
STREET. October 10, 2009. • Interview: "Excellent timing: Face to Face with John
[7] Paulson, John. "The Public Deserves a Better Deal". Paulson," (Pensions & Investments)
Wall Street Journal. September 26, 2008. • "The man who made too much" (Portfolio magazine)
[8] Yahoo news Paulson Loses More Sept Fund Now Off • John Paulson: Official Web Site
47%, Svea Herbst-Bayliss, Oct 8 2011, Retrieved Oct • John Paulson-related articles at The New York Times
2011 • Interview and Profile (Hedge Fund News)
[9] Effinger, Anthony. "Paulson Housing Bets Make • Paulson Bio (LittleSis)
$2.7 Billion, Beat Citadel". Bloomberg. November 29,
2007. Persondata
[10] Kerpen, Phil. "SEC Probe Shouldn’t Stop With Name Paulson, John Alfred
Goldman Sachs". FOXNews.com. April 20, 2010.
[11] "Hedge Fund Founder John A. Paulson Gives $20 Alternative names
Million to NYU Stern". New York University Short description American Hedge Fund manager
Leonard N. Stern School of Business. November 12, Date of birth December 14, 1955
2009.
Place of birth Queens, New York, U.S.
[12] Kroll, Luisa."John Paulson Pledges $15 Million In
Ecuador". Forbes. November 23, 2010. Date of death
Place of death
Retrieved from "http://en.wikipedia.org/w/index.php?title=John_Paulson&oldid=467536001"
Categories:
• 1955 births
• American billionaires
• American financial analysts
• American financiers
• American hedge fund managers
• American investors
• American Jews
• American stock traders
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• Harvard Business School alumni
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• New York University alumni
• People from Queens
• Stock and commodity market managers
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