John Paulson’s profile picture

John Paulson

Founder, Paulson & Co. Inc.
John Paulson’s profile picture
Net worth 2018: $6.5 Billion
Industry: Investments
Residence: New York, New York
Country: United States
BirthDay: 14 December 1955
Sigh: Capricorn
Children: 2
Education: Bachelor of Arts / Science, New York University; Master of Business Administration, Harvard Business School
BIOGRAPHY

John Paulson was bornon 14 December 1955 in New York, New York, United States, is Founder, Paulson & Co. Inc.. John Paulson is #208 in List Billionaires People In The World. John Paulson made his fortune betting against subprime mortgages at the peak of the 2007 credit bubble. His hedge fund firm, Paulson & Co., was started in 1994 and enjoyed success as a niche fund until Paulson put on his "big short." In recent years, Paulson's funds have struggled mightily. His legendary Advantage fund is now mostly internal capital. Paulson's hedge funds managed $36 billion at their peak, but by 2017 they oversaw only $10 billion. A Queens native, Paulson had stints at several firms, including Boston Consulting Group and Bear Stearns, before founding Paulson & Co.

NET WORTH STATISTIC
2009

$6.8 Billion

2010

$12.4 Billion

2011

$15.5 Billion

2012

$11 Billion

2013

$11.4 Billion

2014

$13.7 Billion

2015

$11.4 Billion

2016

$8.6 Billion

2017

$7.9 Billion

2018

$6.5 Billion

TIMELINE
2016

Paulson served as one of the top economic advisers to Donald Trump's 2016 presidential campaign

2015

In June 2015, Paulson donated $400 million to Harvard University's School of Engineering and Applied Sciences (SEAS), the largest gift received in the university’s history

2014

) In June 2014, Bloomberg Businessweek reported Paulson was "spearheading a drive" to convince other wealthy US citizens to move to Puerto Rico, to avoid paying taxes

2012

In October 2012, Paulson donated $100 million to the Central Park Conservancy, the nonprofit organization that maintains New York City's Central Park

2011

In 2011, Paulson donated $1 million to Mitt Romney's Super PAC Restore Our Future

2010

5 million in 2010 and an estate in Southampton that he bought for $41 million in 2008

2009

)Between 2009 and 2011 Paulson made several charitable donations, including $15 million to the Center for Responsible Lending, $20 million to New York University Stern School of Business (auditorium now named after Paulson), $5 million to the Southampton Hospital on Long Island, $15 million to build a children's hospital in Guayaquil, Ecuador, and £2

2008

In 2008 while testifying before US House Committee on Oversight and Government Reform Paulson was asked about the low tax rate on long-term capital gains and carried interest earnings and Paulson replied “I believe our tax situation is fair

2007

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

2003

By 2003, his fund had grown to $300 million in assets

2000

"Paulson contributed $140,000 to political candidates and parties between 2000 and 2010, 45% of which went to Republicans, 16% to Democrats, and 36% to special interests

1994

In 1994, he founded his own hedge fund, Paulson & Co

1980

Paulson began his career at Boston Consulting Group in 1980 where he did research, providing advice to companies

1978

In 1978, he graduated valedictorian of his class summa cum laude in finance from New York University's College of Business and Public Administration

1976

Realizing that sales would not provide a steady and secure cash flow, Paulson returned to NYU in 1976 where he began to excel in business studies

1955

Paulson was born in 1955 in Queens, New York, the third of four children of Alfred G

1928

They have two daughters, Giselle and Danielle, and live most of the year in a 28,500-square-foot Upper East Side townhouse on East 86th Street, obtained for $14

1926

, with $2 million and one employee, located in office space rented from Bear Stearns on the 26th floor of 277 Park Avenue

1924

Paulson (November 22, 1924 - July 24, 2002) and Jacqueline (née Boklan, born 1926)

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