John Paulson

John Paulson Brief Biography

John Alfred Paulson (born December 14, 1955) is an American hedge fund manager, investor, and philanthropist. He is the founder and president of Paulson & Co., a New York-based hedge fund.

Paulson became a billionaire by short-selling subprime mortgages in 2007 and made $3.7 billion that year. In 2010, he beat a hedge-fund record by making nearly $5 billion. His fortune was made largely from the collapse of mortgage backed securities market.

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