John Alfred Paulson is the President and Portfolio Manager of Paulson & Co., a New York-based investment management firm he founded in 1994. The firm specializes in global merger, event arbitrage and credit strategies. He became a prominent money manager during the Global Financial Crisis when he used credit default swaps to bet against the US subprime mortgage market in 2007.
In 1980, John Paulson began his career at Boston Consulting Group. He then worked at Odyssey Partners, Bear Stearns and Gruss Partners LP. In 1994, he founded his own hedge fund, Paulson & Co., with $2 million and one employee. As of December 2015, Paulson & Co. had an AUM of $18 billion.
John Paulson was born in 1955 in Queens, New York. He went to Bayside public high school in Queens, and graduated summa cum laude in Finance from New York University’s College of Business and Public Administration in 1978. He then earned his MBA in 1980 with high distinction, as a Baker Scholar, from Harvard Business School.
John Paulson was #52 on Forbes 400 list in 2016 with an estimated net worth of $8.6 billion. In 2000, he married Jenny Zaharia in an Episcopalian ceremony in Southampton, New York. They have two daughters, and their primary residence is a 28,500-square-foot town house in Upper East Side, which he bought for $14.7 million in 2004. John Paulson also owns a home in Aspen obtained for $24.5 million in 2010 and an estate in Southampton that he purchased for $41 million in 2008. In 2012, he donated $100 million to the Central Park Conservatory, the nonprofit organization that maintains New York City’s Central Park.The donation was the largest monetary gift in the history of New York City’s park system. In 2015, John Paulson donated $400 million to Harvard University’s School of Engineering and Applied Sciences (SEAS), the largest donation received in the university’s history. John Paulson helped Donald Trump get elected as president, and according to Huffington Post, he was one of the very few big names on Wall Street to immediately back Trump after he secured the GOP nomination.