John Alfred Paulson is a renowned American Investor, a hedge fund manager, and a philanthropist. He is the head of Paulson & Co., which is an investment firm which is based in New York. He has been referred to as one of the best names when it comes to the finance and one who has made lots of fortunes in the Wall Street History. Keep on reading to learn more on the net worth and earnings of John Paulson in 2019.
Early Life & Biography
Paulson was born in the year 1955 in the Queens, New York. He was the third born in a family of four children. Their parents were Alfred Paulson and Jacqueline. His father was sired in Ecuador His mother was a daughter to the Jewish immigrants from the Lithuania and Romania who had moved to the New York City. His mother and father met while they were attending UCLA. They tied the knot and moved to New York City where Alfred is working at the Arthur Andersen and later on rose to the position of CFO at the Ruder Finn.
In 2000, he tied the knot with Jenny Zaharia in a ceremony that was held in New York. His wife, Jenny was an Immigrant, Romanian. This couple has been blessed with two children, Giselle and Danielle. Most of the time, they live in the 28,500 square foot house which is estimated to be over $14.7 million. He has a home in Aspen, and he bought the house for $24.5 million.
Career, Awards & Achievements
John started his career in the year 1980 after he joined Boston Consulting Group. He joined this company in the position of a researcher and an advisor. He would move to Odyssey Partners to pursue his long dream of working in an investment firm. Here, he had the opportunity to be able to work with Lavy Leon, who was a well-known American Investor. Later on, that was when he transferred to the Bear Stearns before he left it too in favor of the Gruss Partners LP. John began his hedge fund, dubbed ‘Paulson and Co.’ in 1994.
Initially, he invested $2 million. When he was starting, he had only one employee. The offices were taken on rent from the Bear Stearns. He increased this hedge fund to $300 million within nine years. In the year 2007, during the mortgage crisis, John was able to make some innovative investments and at the same time taking some risks. Through this, he earned $4 billion, and he became a world-leading figure in investment.
Net Worth & Earnings
The net worth of John Paulson is estimated to be over $7 billion. His wealth has been created working for the various Investment companies. He owns his investment which has continued to perform well. He is a man who loves houses, and he owns several houses which are luxurious.
John Paulson is one of the biggest fortune makers on the Wall Street. He has been ranked among the richest people in the United States, and the credit goes to his good skills when it comes to managing finances.