John Paulson
| John Paulson | |
|---|---|
| Born |
John Alfred Paulson December 14, 1955 (age 61) New York City, New York, U.S. |
| Residence | New York City, New York, U.S. |
| Citizenship | United States |
| Alma mater |
New York University Harvard University |
| Known for | Founding and leading Paulson & Co. |
| Net worth | US$8.6 billion (November 2016) |
| Political party | Republican |
| Spouse(s) | Jenny Zaharia (m. 2000) |
| Children | Giselle Paulson Danielle Paulson |
| Parent(s) | Jacqueline Boklan Alfred G. Paulson |
John Alfred Paulson (born December 14, 1955) is an American investor, hedge fund manager and philanthropist. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high finance" and "a man who made one of the biggest fortunes in Wall Street history".
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 $8.6 billion as of November 2016.
Paulson was born in 1955 in Queens, New York, the third of four children of Alfred G. Paulson (November 22, 1924 - July 24, 2002) and Jacqueline (née Boklan, born 1926).
His father was born Alfredo Guillermo Paulsen in Ecuador to a father of half French and half Norwegian descent and an Ecuadorian mother. Alfredo was orphaned at fifteen and at age sixteen moved to Los Angeles with his younger brother Alberto. Alfredo enlisted in the US Army where he served and was wounded in Italy during World War II. He later changed his surname from Paulsen to Paulson.
John's mother was the daughter of Jewish immigrants from Lithuania and Romania who had moved to New York City. Jacqueline met Alfred while they both attended UCLA. They wed and moved to New York City where Alfred worked at Arthur Andersen and later as the CFO at public relations firm Ruder Finn.
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