Meet John Paulson, a Hedge Fund Manager, and Philanthropist

John Paulson is best known for being the first hedge fund manager to earn over $100 billion in a year. He made that much money in 2007 by betting against sub-prime mortgages, which paid off when home prices fell and mortgage defaults increased.

Wealth Source: Hedge Funds

John Paulson is a hedge fund manager with over $10 billion in assets under management. He is one of the most successful hedge fund investors in history. He has earned his wealth by investing in companies that larger corporations have taken over–in other words, he buys out smaller companies and resells them at a profit.

In 2008 Paulson made $15 billion by betting against subprime mortgages leading up to the financial crisis of 2007/2008. This earned him his nickname “The Man Who Made A Billion From The Credit Crunch” In 2010, he paid himself $4 billion for his company’s performance that year but suffered losses after making bad bets on European bank stocks during the 2011 – 2012 crisis (Paulson lost most of those profits). By 2012 though, he had recovered enough money again, so by 2013, Forbes estimated it would take another ten years to make back what he’d lost on those trades alone.

Philanthropy

There’s more to Paulson than just his multi-billion dollar fortune. He has also been a prominent philanthropist, donating millions of dollars to support education, scientific research, and art programs. He’s helped fund scholarships for minorities and fallen soldiers’ families. Paulson and his wife have supported several organizations through their philanthropic foundation, Paulson Foundation, including the New York Public Library, Harvard Business School, and Cornell University Medical College.

With so much money at his disposal, John Paulson can do a lot for our society–and that’s precisely what he wants to do: make it better for everyone!

John Paulson is best known for being the first hedge fund manager to earn over $100 billion in a year. He made that much money in 2007 by betting against sub-prime mortgages, which paid off when home prices fell and mortgage defaults increased. Wealth Source: Hedge Funds John Paulson is a hedge fund manager with…