John Paulson Biography

Paulson is the founder of the investment management firm Paulson & Co. Born in 1955. John Paulson is the son of Alfred and Jacqueline Paulson. He attended New York University but dropped out citing boredom. After a stint in South America, he returned to NYU to pursue business studies, where he excelled. 

He graduated top of his class and later got an MBA from Harvard Business School where he had gone on a scholarship and graduated among the top of his class in 1980. He began his career as a consultant for Boston Consulting Group but the allure of Wall Street was so great that he left to work for Odyssey Partners before moving to Bear Sterns and finally, Gruss Partners LP. He founded the hedge fund Paulson & Co. in 1994 where he became a legend in the investment industry. 

This is because in 2007, he used credit default swaps to bet against the U.S. subprime mortgage market. This gamble netted him nearly $4 billion personally making him one of Wall Street’s most prominent people. The impressive judgment calls in his career has put his net worth at approximately $13.5 billion. 

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)