John Paulson: Difference between revisions

Paulson is #45 on the ''[[Forbes (magazine)|Forbes]]'' list of the world's wealthiest billionaires<ref name="Forbes">{{cite web|url=http://billionaires.forbes.com/topic/John_Paulson |title=Forbes' topic page on John Paulson |publisher=Forbes |accessdate=2010-04-05}}</ref> and is worth approximately $12 billion as of 2010. On April 16, 2010, the ''New York Times'' reported Paulson had earned $1 billion in 2007, $2 billion in 2008, and $2.3 billion in 2009 from fees received from his hedge fund by betting against [[subprime mortgage]]s long before the term became well known.<ref>[http://www.nytimes.com/2010/04/17/business/17abacus.html 'Investor Who Made Billions Not Subject of SEC Lawsuit', ''The New York Times'' (April 16, 2010)]</ref> Paulo Pelligrini, who worked for Paulson, has emerged as the point man for Paulson & Co. investing in mortgages. <ref>[http://finance.yahoo.com/retirement/article/109342/paulson-point-man-on-cdo-deal-emerges-as-key-figure?mod=retire 'Pelligrini Emerges as Poinnt Man for Paulson', ''The Wall Street Journal'' via Yahoo Finance (April 19, 2010)]</ref>