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.[1] He has been called "one of the most prominent names in high finance",[2] "a man who made one of the biggest fortunes in Wall Street history,"[3] and a "hedge fund swindler".[4]
His prominence and fortune were made in 2007 when he earned almost $4 billion and was transformed "from an obscure money manager into a financial legend"[3] by using credit default swaps to effectively bet against the U.S. subprime mortgage lending market. In 2010, Paulson earned $4.9 billion.[5] The Forbes real-time tracker estimated his net worth at $3 billion as of January 2023.[1]
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