John Paulson who is an American Hedge Fund Manager as well as a billionaire was born on 14th December 1955. He heads the Paulson and Company which is an investigation management firm that is based in New York. He founded the firm in the year 1994. He is the native of Queens, New York U.S. He is the third one among the four children born to his parents Alfred G. Paulson and Jacqueline Paulson. He was grown up in Le Havre Apartment complex in Queens. Later, he along with his family moved to the modest home located in Beechhurst, Queens. He went to the public schools. There, he entered the program for the gifted students. He then joined the New York University in the year 1973. There, he studied film production, creative writing, and the philosophy but he grew bored with the school. He then travelled to America and then stayed with his wealthy uncle in the Ecuador.
Later, he returned to the NYU in 1976 and began to excel in the business studies. He then got graduated in 1978 with valedictorian of his class summa cum laude in the finance from the NYU’s college of business administration. He then went on t o join the Harvard Business School on Sidney J Weinberg/ Goldman Sachs scholarship and earned himself an MBA in 1980. After completing his graduation, he started his career by joining the Boston Consultancy Group. There, he researched and audited the reports. He then left the company and joined Odyssey Partners. After that, he again moved to the Bear Stearns as the managing directors in mergers and acquisitions. He was also a general partner of the Gruss Partners.
It was in the year 1994 when Paul founded his own Hedge Fund named Paulson & Company with the $2 million and only one employee. The firm was located in the office space rented from the Bear Stearns on 26th floor of the 277 Park Avenue. It moved to the 57th and Madison in 2001. His fund was later grown to $300 million in the assets by 2003. Later in 2006, Paul bet against subprime mortgage through the credit default swaps put off the huge profit through the newly formed firm called Paulson Credit Opportunity Firm. He made $4.9 billion in the hedge fund investments in 2010. His holdings are always discussed and closely tracked by investor around the wallstreet.
To talk about his personal life, he has already married. He is married to his wife Jenny Zaharia. The couple exchanged their vows with each other in the year 2000 in Episcopalian Church located in Southampton, New York. His wife was immigrant of Romanian who came to US after her brother George who was a track star in the Romania was defected and moved to the Queens. John and Jenny have two children together, both daughters named Giselle and Danielle. The family lived most of their year in Upper East Side townhouse. He also owns another home in Aspen and an estate in Southampton.
Apart from that, he is now at the age of 59 and his net worth is estimated as $13.5 billion. John has been called as one of the Most Prominent names in the high finance as well as a man who had made the biggest fortunes in the history of Wall Street. He has never given the television interviews and in one interview, he told that he avoid the media. He is also an active philanthropist. Between the year 2009 and 2011, he made several of charitable donations which includes $15 to Center for Responsible Lending, $15 million for building children’s hospital in the Guayaquil, Ecuador, $20 million to the New York University Stern School of Business and £2.5 million to London School of Economics for John A Paulson Chair in the European Political Economy. In addition to that, he had also donates $100 Million to Central Park Conservancy which is the non-profit organization that maintains the Central Park of New York.
- $11.3 Billion Dollars(2015)
- Giselle Paulson; Danielle Paulson
- Jenny Paulson
- Paulson & Co.
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