John Paulson Net Worth
John Paulson manages the hedge fund, Paulson and Company and has a net worth of $10 billion. John Paulson was born in Queens, New York in 1955. Paulson earned his net worth as a hedge fund manager specializing in the practice of short selling subprime mortgages. Paulson came from a wealthy family, albeit a family not nearly as wealthy as he would eventually become. He is the son of Alfredo Paulson who served as the Chief Financial Officer (or CFO) of Ruder Finn. Rudder Finn was a public relations firm that was most well-known for representing client Phillip Morris, for whom they concocted a series of public relations efforts disputing the notion that cigarettes are bad for one's health. John Paulson's career in finance began at the Boston Consulting Group. After hopping around at a few other big firms, he eventually started his own hedge fund called Paulson & Co. It was with this hedge fund that Paulson made his first billion dollars in the aforementioned practice of short selling subprime mortgages. After the economic collapse, Paulson, in an apparent act of contrition for his complicity in the collapse, began lending money to various financial institutions that had suffered as a result of the mortgage crisis.