John Paulson Said to Have Made $5 Billion in 2010 as Funds Rose
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John Paulson, whose Paulson & Co. hedge fund made $15 billion betting against subprime mortgages in 2007, earned about $5 billion last year, according to a person with knowledge of the firm.
Executives and employees hold $14.9 billion, or 42 percent, of the funds’ $35.9 billion in assets, according to a performance report sent to clients this month. Most of that belongs to Paulson, who has reinvested his gains, after taxes and personal expenses, back into the funds since opening the firm in 1994, the report said. The manager earned $3.7 billion in 2007, according to Alpha magazine.