John Paulson Net Worth

John Alfred Paulson Net Worth

Real Name: John Alfred Paulson
Date of Birth: 12/14/1955
Place of Birth: Queens, New York

2019 Net Worth: $13.5 Billion
2018 Earnings: $4.9 Billion

Profession: Hedge Fund Manager

John Paulson Biography

John Paulson was born in 1955 in Queens, New York.  He grew up in the Le Havre apartments in Queens. His family moved to a modest home in Beechhurst, Queens later and Paulson attended public schools, where he was enrolled in programs for gifted students.

Paulson enrolled at New York University but quickly grew bored. He traveled to South America and stayed with his wealthy uncle in Ecuador. He began by importing clothing to his father in New York to sell, and then they moved on to selling wood parquet flooring. Paulson soon realized he would need an education and returned to NYU, where he excelled in business studies.

Paulson did research for the Boston Consulting Group, and in 1994, he founded his own hedge fund, Paulson and Co. with $2 million in startup funds, and one employee. Paulson liked to specialize in mergers, acquisitions, spin-offs, and proxy contests. By 2003, his firm moved to more luxurious office spaces at 57th and Madison in New York, and the fund had grown to more than $300 million in assets.

In 2006 Paulson organized a new fund betting against the bonds that were backed by subprime mortgages. This bet has been called ‘the greatest trade ever made’.  Paulson predicted the subprime housing market crash in 2007. In 2010 he set a hedge fund record by making $5 billion dollars in one year.

Paulson bought a super luxurious home in 2012 for $49 million from the Saudi Prince Bandar bin Sultan. This enormous ski ranch was built in Aspen, Colorado, in 1991 and was once valued at $135 million. It is listed as the third most expensive home in the United States.

John Paulson has a current net worth of $13.5 billion, and had earnings just last year of an astounding $4.9 billion.

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