John Paulson Bio | Wiki
John Paulson ( Full Name: John Alfred Paulson ) is a popular American billionaire hedge fund manager who is the founder and president of Paulson & Co. John’s fame and fortune were made in 2007 when he received almost $4 billion and was changed “from an obscure money manager into a financial legend” via using credit default swaps to successfully bet against the U.S. subprime mortgage lending market. In 2010, John received $4.9 billion. The Forbes real-time tracker estimated John’s net worth at $3 billion as of January 2023.
John started his profession at Boston Consulting Group in 1980 where he focused on research, providing advice to companies. Ambitious to serve in investment on Wall Street, John left to join Odyssey Partners where he served with Leon Levy. He went on to Bear Stearns serving in the mergers and acquisitions department, and later to Gruss Partners LP, where he worked as a general partner.
John Paulson Age
John was born on December 14, 1955, in New York City, in the United States. He is 68 years old. John celebrates his birthday on December 14, every year.
John Paulson Height
He is a man of average stature. John stands at a height of 5 ft 7 in ( Approx. 1.7m ).
John Paulson Family
He was born in Queens, New York, the son of Alfred G. Paulson (1924–2002) and Jacqueline (née Boklan, 1926–2018). John is the third of four children. John’s father was born Alfredo Guillermo Paulsen in Ecuador to a dad of half-French and half-Norwegian descent and an Ecuadorian mother. His dad was orphaned at fifteen and at age sixteen went to Los Angeles alongside his younger brother Alberto. He enlisted in the US Army where he worked and was wounded in Italy during World War II.
John’s father afterward changed his surname from Paulsen to Paulson. John’s mom was the daughter of Jewish immigrants from Lithuania and Romania who had relocated to New York City. He has an older sister named Theodora Bar-El who works as an Israeli biologist.
John Paulson Wife | Girlfriend
John is married to his wife Jenny Zaharia. The couple married in 2000 in Southampton, New York, in an Episcopalian ceremony. His wife Jenny is a Romanian immigrant who came to the United States following her brother George, a track star in Romania, who emigrated and moved to Queens. John and his wife Jenny have two daughters, Giselle and Danielle. He filed for divorce in September 2021 but has removed his divorce action so both sides can solve their issues out of court and out of the media.
John Paulson Daughters
He and his wife Jenny have two daughters, Giselle and Danielle.
John Paulson Education | Harvard
He went back to NYU in 1976 where he started to excel in business studies. In 1978, John graduated valedictorian of his class summa cum laude in finance from New York University’s College of Business and Public Administration. He also attended Harvard Business School, on a Sidney J. Weinberg/Goldman Sachs scholarship, receiving an MBA as a George F. Baker Scholar (top 5 percent of his class) in 1980.
John Paulson Us Housing Market | Housing Market
He became world-popular in 2007 by shorting the US housing market, as he predicted the subprime mortgage crisis and bet against mortgage-backed securities through investing in credit default swaps. Sometimes regarded as the greatest trade in history, John’s firm made a fortune and he earned more than $4 billion personally on this trade alone.
John convinced Goldman Sachs to sell risky home loans in Arizona, California, Florida, and Nevada as safe investments. Together, John and Goldman formed the Abacus 2007-AC1 investment vehicle and kept John’s bet against the underlying assets from people who buy it.
John Paulson Big Short
He incidentally, was not featured in the Michael Burry-focused film “The Big Short.” The Big Short film has three different but contemporary stories, loosely connected by their actions in the years leading up to the 2007 housing market crash.
John Paulson News
The Forbes real-time tracker estimated John’s net worth at $3 billion as of January 2023.
John Paulson Puerto Rico
In May 2023, he said that Puerto Rico’s economy is at the start of a turnaround and predicted the island will become the Singapore of the Caribbean.
John Paulson Nyu
He graduated from New York University’s College of Business in 1978.
John Paulson House
John and his family reside most of the year in a 28,500-square-foot Upper East Side townhouse on East 86th Street, bought for $14.7 million in 2004. He also owns a home in Aspen bought for $24.5 million in 2010 and an estate in Southampton that he purchased for $41 million in 2008.
John Paulson Book
On November 3, 2009, Gregory Zuckerman released a book that explained the role John played in the Subprime mortgage crisis titled The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History. The book became a New York Times and Wall Street Journal best-seller and has since been interpreted into nine languages.
John Paulson Investments
– Bausch Health Companies Inc. (NYSE:BHC)
– Horizon Therapeutics Public Limited Company (NASDAQ:HZNP)
– NovaGold Resources Inc. (NYSE:NG)
John Paulson Center
In 2009 and 2011 John made many charitable donations, such as $15 million to the Center for Responsible Lending. In 2022, New York University reported that John had donated $100 million towards the cost of a new building in its Washington Square Campus. That building was named the John A. Paulson Center in appreciation of the award. It was a sports center that will be home to NYU’s students/athletes and those looking to stay fit.
John Paulson Gold
In 2010, John set another hedge fund record by making around $5 billion in a single year, mainly investing in the gold sector. However, in 2011, John made losing investments in Bank of America, Citigroup, and the fraud-presupposed China-based Canadian-listed company, Sino-Forest Corporation. John’s flagship fund, Paulson Advantage Fund, fell sharply in 2011. He has also become a major investor in gold.
John Paulson Investment Advice
His investment strategy has been identified by a strong emphasis on conducting thorough research and analysis to specify promising investment opportunities. This approach comprised an in-depth examination of financial statements, careful analysis of market trends, as well as consideration of macroeconomic factors.
John Paulson Palm Beach
He and Jenny purchased their $110 million Palm Beach mansion earlier in 2021.
John Paulson Bloomberg
He sat down with Bloomberg for a wide-ranging interview at the Union League of Philadelphia’s Business Leadership Forum in September 2022.
John Paulson Hedge Fund
In 1994, John created his own hedge fund, Paulson & Co., with $2 million and one worker, located in office space rented from Bear Stearns on the 26th floor of 277 Park Avenue. His hedge fund moved to 57th and Madison in 2001. In 2003, John’s fund had grown to $300 million in assets. John and his company focus in “event-driven” investments—i.e. in mergers, acquisitions, spin-offs, proxy contests, etc.—and John has made hundreds of such investments over his career.
John Paulson Steinway
He sat with the head of an iconic piano maker Steinway & Sons where their short discussion allowed him to share some of his thoughts concerning STEINWAY Musical Instruments, the reasons he bought the company, and his plans for its future. He also provided assurances concerning the continuity of the quality that STEINWAY is world-renowned for, and that the world’s best pianos would proceed to be handcrafted in its Queens, New York, and Hamburg, Germany factories.
John Paulson Net Worth
John gets his wealth from his work as a billionaire hedge fund manager who is the founder and president of Paulson & Co. Therefore, John has accumulated a decent fortune over the years. John’s net worth is $3 billion.
How Old Is John Paulson
John is a 68-year-old who was born on December 14, 1955, in New York City, in the United States. John celebrates his birthday on December 14, every year.
How Tall Is John Paulson
John is a man of average stature who stands at a height of 5 ft 7 in ( Approx. 1.7m ).
Is John Paulson Married
Yes, In 2000, in an Episcopalian ceremony, John married a Romanian immigrant Jenny Zaharia. The two have two daughters, Giselle and Danielle. John filed for divorce in September 2021 but has removed his divorce action so both sides can solve their issues out of court and out of the media.
John’s Social Medis Account
Twitter – @subprimePaulson