John Paulson

John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. 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".

He acquired much of his fortune in 2007 when he earned almost $4 billion 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. Forbes estimated his net worth at $3.8 billion as of August 2025. (1924–2002) and Jacqueline (née Boklan, 1926–2018).

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 U.S. Army, where he served and was wounded in Italy during World War II. He later changed his surname from Paulsen to Paulson.

After dropping out of college then realizing that his previously chosen career path in sales would not provide a steady and secure cash flow, John Paulson returned to NYU in 1976, where he began to excel in business studies. He went on to Harvard Business School, on a Sidney J. Weinberg/Goldman Sachs scholarship, earning an MBA as a George F. Baker Scholar (top 5 percent of his class) in 1980.

In 1994, he founded his own hedge fund, Paulson & Co., with $2 million and one employee, located in office space rented from Bear Stearns on the 26th floor of 277 Park Avenue. The firm moved to 57th and Madison in 2001. By 2003, his fund had grown to $300 million in assets.

In 2010, he set another hedge fund record by making nearly $5 billion in a single year, However, in 2011, he made losing investments in Bank of America,

Subprime mortgage crisis

Paulson became world-famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage-backed securities by investing in credit default swaps. Sometimes referred to as the greatest trade in history, Paulson's firm made a fortune and he earned over $4 billion personally on this trade alone.

Paulson worked with Goldman Sachs to provide liquidity for low-performing home loans in Arizona, California, Florida and Nevada. Together, Paulson and Goldman created the Abacus 2007-AC1 investment vehicle and kept Paulson's bet against the underlying assets hidden from people who purchased it. Paulson escaped indictment because his firm maintained that it was always transparent about its view of the mortgages that had been securitized and that the assets were not without risk. Goldman was sued by the Securities and Exchange Commission and had to reach a settlement for Abacus. On July 15, 2010, Goldman settled out of court, agreeing to pay the SEC and investors US$550 million, including $300 million to the U.S. government and $250 million to investors, one of the largest penalties ever paid by a Wall Street firm.

Political and economic views Paulson contributed $140,000 to political candidates and parties between 2000 and 2010, 45% of which went to Republicans, 16% to Democrats, and 36% to special interests, including former House Speaker John Boehner.

In 2008 while testifying before US House Committee on Oversight and Government Reform Paulson was asked about the low tax rate on long-term capital gains and carried interest earnings and Paulson replied "I believe our tax situation is fair." On April 26, 2012, Paulson hosted a fund-raiser at his New York townhouse for Romney's presidential candidacy.

Paulson donated $50,000 to Kathy Hochul in 2021. In 2025, he donated $250,000 to MAGA KY, a super PAC in opposition to Thomas Massie.

Support for Donald Trump Paulson received media attention when he immediately backed Donald Trump after Trump secured the Republican nomination in 2016. Paulson served as one of the top economic advisers to Trump's 2016 presidential campaign. Paulson had established a relationship with Trump prior to the campaign, with Paulson and other investors having sold the Doral Golf Resort & Spa to Trump in 2012. Together with his spouse, Paulson contributed $831,370 to Trump's 2020 presidential campaign.

Paulson was a major fundraiser for Donald Trump's 2024 campaign. On April 6, 2024, the Trump campaign self-reported a $50.5 million fundraising haul at John Paulson's Palm Beach house. During the campaign, Paulson had publicly criticized offshoring of American manufacturing jobs; in June 2026, the musical instrument manufacturer Conn-Selmer, which is owned by Paulson's investment firm, closed its Eastlake, Ohio, brass instrument plant and moved the production to China.

Trump reportedly had considered Paulson for Secretary of the Treasury but chose Scott Bessent. Paulson said he had withdrawn his name from consideration because of "complex financial obligations".

Wealth and philanthropy Between 2009 and 2011 Paulson made several charitable donations, including $15 million to the Center for Responsible Lending, $20 million to New York University Stern School of Business (auditorium now named after Paulson), $5 million to the Southampton Hospital on Long Island, $15 million to build a children's hospital in Guayaquil, Ecuador, and £2.5 million to the London School of Economics for the John A. Paulson Chair in European Political Economy.

In October 2012, Paulson donated $100 million to the Central Park Conservancy, the nonprofit organization that maintains New York City's Central Park. At the time of the donation, the gift represented the largest monetary donation in the history of New York City's park system. In June 2015, Paulson donated $400 million to Harvard University's School of Engineering and Applied Sciences (SEAS), the largest gift received in the university's history. Following the donation, the engineering school was renamed the Harvard John A. Paulson School of Engineering and Applied Sciences. The next month, he gifted $8.5 million to New York City's largest charter school organization, Success Academy, to change public education and open up middle schools in the Bedford-Stuyvesant area of Brooklyn and in the Hell's Kitchen area of Manhattan.

In 2022, New York University announced that Paulson had donated $100 million towards the cost of a new building in its Washington Square Campus. The building was named the John A. Paulson Center in recognition of the gift. He served on the Board of Trustees at NYU Stern from 2013 to 2021, as well as the Metropolitan Museum of Art from at least 2013 to 2018.

In 2024, the Hebrew University of Jerusalem awarded Paulson an honorary doctorate in recognition of his extensive philanthropic contributions to Israeli cultural and educational institutions. His support for Israeli initiatives includes a $27 million commitment to establish the Paulson Bar-El Building for Computer Science and Engineering at Hebrew University. Paulson also contributed significantly to the Tel Aviv Museum of Art in 2021 to celebrate the museum's 90th anniversary and has supported the Jerusalem Campus for the Arts.

Personal life In 2000, Paulson married Jenny Zaharia in an Episcopalian ceremony in Southampton, New York; Jenny is a Romanian immigrant who came to the United States after her brother George, a track star in Romania, defected and moved to Queens. and lived most of the year in a 28,500-square-foot Upper East Side townhouse on East 86th Street, bought in 2004 for $14.7 million.

In 2017, Paulson and his wife wrote a letter to the elite Manhattan Spence School, threatening to withdraw aid if the school continued its "alarming pattern" of "anti-white indoctrination". In the letter, they stated: "In fact for children of all races, we strongly believe that schools should value and define success in terms of hard work, earned accomplishment, merit, a commitment to academic rigor, and personal integrity."

Paulson filed for divorce in September 2021, but later withdrew his divorce action so that both sides could negotiate out of court and away from the media. In 2022, Zaharia sued Paulson for $1 billion in damages.

In 2024, Paulson was reportedly engaged to be married to clinical dietitian, Alina de Almeida, after three years of dating. De Almeida is 33 years his junior. In February 2025, the couple welcomed a daughter. In 2026, the couple announced they were expecting their second child together.

In September 2025, Paulson was accused by Republican Representative Thomas Massie of being named in Jeffrey Epstein's "black book."