How John Paulson Became a Billionaire With One Trade

How John Paulson Became a Billionaire With One Trade

John Paulson made Wall Street's most lucrative trade of all time
one of our investors called me and he said John I just got the monthly results. I think that was a mistake. It was no mistake.
Paulson's bet on the collapse of subprime mortgages in 2007 turned his firm 15 billion dollars the largest one year payout
in the history of financial markets. It's kind of like finding a needle in a haystack. Paulson's 2007 performance rocketed him to
the ranks of superstar managers.

At its peak his firm managed 38 billion dollars making it one of the largest hedge funds in the
world. It opened up a lot of doors and became very interesting in terms of the people that I met. Paulson has yet to repeat the
success that made his fortune. Recently he joined the list of industry legends to quit the hedge fund business converting his
fund into a family office.

Central Park Conservancy

Personally I never really liked the business side of the business. I did like the investing side.
He's also enjoyed giving away his fortune. He pledged four hundred million dollars to Harvard University and donated one
hundred million dollars to the Central Park Conservancy. I wanted to give back to the
institutions generally that were important to me..

As found on YouTube

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