John Paulson
John Paulson

Celebrity Profile

Name: John Paulson
Occupation: Investments
Gender: Male
Birth Day: December 14, 1955
Age: 65
Birth Place: New York, New York, United States
Zodiac Sign: Capricorn

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
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John Paulson

John Paulson was born on December 14, 1955 in New York, New York, United States (65 years old). John Paulson is an Investments, zodiac sign: Capricorn. Find out John Paulsonnet worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

$6 Billion

Salary 2020

Not known

With the net worth of $6 Billion, John Paulson is the # 251 richest person on earth all the time follow our database.

John Paulson Net Worth Detail

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.

Biography Timeline

1955

Paulson was born on December 14, 1955, in Queens, New York, the third of four children of Alfred G. Paulson (1924–2002) and Jacqueline (née Boklan, 1926–2018).

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.

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.

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.

2000

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.

2007

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.

2008

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.

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:

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.

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.

2011

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.

2014

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.

2017

In 2017, Paulson and his wife wrote a letter to the elite Manhattan school Spence, threatening to withdraw aid if the school continued its "alarming pattern" of "anti-white indoctrination." In the letter they stated, "In fact for children of all races, we strongly believe that schools should value and define success in terms of hard work, earned accomplishment, merit, a commitment to academic rigor, and personal integrity."

Family Members

# Name Relationship Net Worth Salary Age Occupation
#1 Giselle Paulson Children N/A N/A N/A
#2 Danielle Paulson Children N/A N/A N/A
#3 Theodora Bar-El Siblings N/A N/A N/A
#4 Jenny Paulson Spouse N/A N/A N/A

🎂 Upcoming Birthday

Currently, John Paulson is 66 years, 8 months and 3 days old. John Paulson will celebrate 67th birthday on a Wednesday 14th of December 2022. Below we countdown to John Paulson upcoming birthday.

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