John Paulson Net Worth
How Much Does John Paulson Make?
John Paulson is the founder and president of Paulson & Co., a New York-based hedge fund.
His Estimated net worth according to Forbes is US $ 12 Billion making him world’s one of the most richest person.
Prior to founding his own firm, he was a partner at mergers arbitrage firm Gruss Partners LP. In 1994, he founded his own hedge fund with $2 million and two employees (himself and an assistant).
Paulson & Co., Inc. had assets under management (as of June 1, 2007) of $12.5 billion (95% from institutions), which leapt to $36 billion as of November 2008. In 2007 alone he made $15 billion for his firm. Under his direction, Paulson & Co has capitalized on the problems in the foreclosure and mortgage backed securities (MBS) markets. In 2008 he decided to start a new fund that would capitalize on Wall Street's capital problems by lending money to investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market
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