John Alfred Paulson was born on December 14,1955 and is an American billionaire hedge fund manager.
19 Facts About John Paulson
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John Paulson's father was born Alfredo Guillermo Paulsen in Ecuador to a father of half French and half Norwegian descent and an Ecuadorian mother.
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John Paulson later changed his surname from Paulsen to Paulson.
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John Paulson began his career at Boston Consulting Group in 1980 where he did research, providing advice to companies.
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John Paulson moved on to Bear Stearns working in the mergers and acquisitions department, and then to Gruss Partners LP, where he was a general partner.
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John Paulson became world-famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage-backed securities by investing in credit default swaps.
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Sometimes referred to as the greatest trade in history, John Paulson's firm made a fortune and he earned over $4 billion personally on this trade alone.
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John Paulson convinced Goldman Sachs to market risky home loans in Arizona, California, Florida and Nevada as safe investments.
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John Paulson escaped indictment because his firm maintained that it was always transparent about its view of the mortgages that had been securitized.
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In 2011, John Paulson donated $1 million to Mitt Romney's Super PAC Restore Our Future.
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John Paulson received media attention after immediately backing Donald Trump after he secured the GOP nomination.
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John Paulson served as one of the top economic advisers to Donald Trump's 2016 presidential campaign.
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In 2008, John Paulson co-wrote a Wall Street Journal op-ed piece suggesting an alternative to the Treasury Secretary's plan for stabilizing the markets.
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In October 2012, John Paulson donated $100 million to the Central Park Conservancy, the nonprofit organization that maintains New York City's Central Park.
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In June 2015, John Paulson donated $400 million to Harvard University's School of Engineering and Applied Sciences, the largest gift received in the university's history.
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In 2022, New York University announced that John Paulson had donated $100 million towards the cost of a new building in its Washington Square Campus.
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John Paulson owns a home in Aspen purchased for $24.5 million in 2010 and an estate in Southampton that he bought for $41 million in 2008.
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John Paulson has an older sister named Theodora Bar-El, an Israeli biologist.
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John Paulson filed for divorce in September, 2021, but has withdrawn his divorce action so both sides can negotiate out of court and out of the media.