Age, Biography and Wiki

John Paulson is an American hedge fund manager and philanthropist. He is the founder and president of Paulson & Co., a New York-based hedge fund. He is estimated to have a net worth of $4.2 billion as of 2021. Paulson was born in New York City and graduated from New York University in 1978 with a degree in finance. He then went on to earn an MBA from Harvard Business School in 1980. Paulson began his career in the mergers and acquisitions department of Bear Stearns. He then moved to Odyssey Partners, a private equity firm, where he worked for seven years. In 1994, he founded his own hedge fund, Paulson & Co. Paulson is known for his successful bets against the subprime mortgage market in 2007, which earned him billions of dollars. He has also made successful investments in gold, energy, and other commodities. Paulson is a major philanthropist, having donated millions of dollars to various causes. He is a trustee of the Robin Hood Foundation, a charity that fights poverty in New York City. He is also a trustee of the Central Park Conservancy, a non-profit organization that works to maintain and improve Central Park.

Popular As John Alfred Paulson
Occupation N/A
Age 68 years old
Zodiac Sign Sagittarius
Born 14 December 1955
Birthday 14 December
Birthplace New York City, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 14 December. He is a member of famous with the age 68 years old group. He one of the Richest who was born in United States.

John Paulson Height, Weight & Measurements

At 68 years old, John Paulson height not available right now. We will update John Paulson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Who Is John Paulson's Wife?

His wife is Jenny Zaharia (m. 2000)

Family
Parents Not Available
Wife Jenny Zaharia (m. 2000)
Sibling Not Available
Children 2 daughters

John Paulson Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is John Paulson worth at the age of 68 years old? John Paulson’s income source is mostly from being a successful . He is from United States. We have estimated John Paulson's net worth , money, salary, income, and assets.

Net worth US$4.2 billion (May 2020)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
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Timeline

2016

Paulson received media attention after immediately backing Trump after he secured the GOP nomination. Paulson served as one of the top economic advisers to Donald Trump's 2016 presidential campaign.

2014

Paulson and his company specialize in "event-driven" investments—i.e. in mergers, acquisitions, spin-offs, proxy contests, etc.—and he has made hundreds of such investments throughout his career. Many of the events involved merger arbitrage—which has been described as waiting "until one company announces that it's buying another, rushing to purchase the target company's shares, shorting the acquirer's stock (unless it's a cash deal), and then earn the differential between the two share prices when the merger closes". An example of a proxy event investment Paulson made was during Yahoo's proxy contest in May 2008, when Carl Icahn launched a proxy fight to try to replace Yahoo's board.

We pay a lot of taxes, especially living in New York—there's an almost 13 percent city and state tax rate.  ... Most jurisdictions would want to have successful companies like ours located there. I'm sure if we wanted to go to Singapore, they'd roll out the red carpet to attract us.

At the 2014 Puerto Rico Investment Summit in San Juan, Paulson stated: "Puerto Rico will become the Singapore of the Caribbean." Paulson was reportedly investing the territories municipal debt and real estate developments, and was building a home at a resort.

2012

In 2011, Paulson donated $1 million to Mitt Romney's Super PAC Restore Our Future. On April 26, 2012, Paulson hosted a fundraiser at his New York townhouse for Romney's presidential candidacy.

2010

In 2010, he set another hedge fund record by making nearly $5 billion in a single year, primarily investing in the gold sector. However, in 2011, he made losing investments in Bank of America, Citigroup and the fraud-suspected China-based Canadian-listed company, Sino-Forest Corporation. His flagship fund, Paulson Advantage Fund, fell sharply in 2011. Paulson has also become a major investor in gold.

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 £2.5 million to the London School of Economics for the John A. Paulson Chair in European Political Economy. In October 2012, Paulson donated $100 million to the Central Park Conservancy, the nonprofit organization that maintains New York City's Central Park. At the time of the donation, the gift represented the largest monetary donation in the history of New York City's park system. 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. Following the donation, the engineering school was renamed the Harvard John A. Paulson School of Engineering and Applied Sciences. The next month, he gifted $8.5 million to New York City's largest charter school organization, Success Academy, to improve public education and open up middle schools in the Bedford-Stuyvesant area of Brooklyn and in the Hell's Kitchen area of Manhattan.

2008

In 2008, Paulson co-wrote a Wall Street Journal op-ed piece suggesting an alternative to the Treasury Secretary's plan for stabilizing the markets. The alternative plan included recapitalizing the troubled financial institutions by spending the $700 billion Troubled Asset Relief Program funds to buy their senior preferred stock rather than their "worst assets".

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." In a 2012 interview with Bloomberg Businessweek magazine he expressed displeasure over the Occupy Wall Street movement noting:

2007

His prominence and fortune were made in 2007 when he earned "almost $4 billion" personally and was transformed "from an obscure money manager into a financial legend" by using credit default swaps to effectively bet against the U.S. subprime mortgage lending market. In 2010, Paulson earned $4.9 billion. The Forbes real-time tracker estimated his net worth at $4.2 billion as of May 2020.

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. Sometimes referred to as the greatest trade in history, Paulson's firm made a fortune and he earned over $4 billion personally on this trade alone.

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, including former House Speaker John Boehner.

In 2000, he married Jenny Zaharia, in an Episcopalian ceremony in Southampton, New York. Jenny was a Romanian immigrant who came to the United States after her brother George, a track star in Romania, defected and moved to Queens. 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 $14.7 million in 2004. He also owns a home in Aspen purchased for $24.5 million in 2010 and an estate in Southampton that he bought for $41 million in 2008. Paulson has an older sister named Theodora Bar-El, an Israeli biologist.

1994

In 1994, he founded his own hedge fund, Paulson & Co., with $2 million and one employee, located in office space rented from Bear Stearns on the 26th floor of 277 Park Avenue. The firm moved to 57th and Madison in 2001. By 2003, his fund had grown to $300 million in assets.

1980

Paulson began his career at Boston Consulting Group in 1980 where he did research, providing advice to companies. Ambitious to work in investment on Wall Street, he left to join Odyssey Partners where he worked with Leon Levy. He moved on to Bear Stearns working in the mergers and acquisitions department, and then to Gruss Partners LP, where he made partner.

1976

Realizing that his previously chosen career path in sales would not provide a steady and secure cash flow, Paulson returned to NYU in 1976 where he began to excel in business studies. In 1978, he graduated valedictorian of his class summa cum laude in finance from New York University's College of Business and Public Administration. He went on to Harvard Business School, on a Sidney J. Weinberg/Goldman Sachs scholarship, earning an MBA as a George F. Baker Scholar (top 5 percent of his class) in 1980.

1955

John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high finance" and "a man who made one of the biggest fortunes in Wall Street history".

1924

Paulson was born in 1955 in Queens, New York, the third of four children of Alfred G. Paulson (November 22, 1924 - July 24, 2002) and Jacqueline (née Boklan, born 1926).