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Shorting the US housing market
- 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.
en.wikipedia.org/wiki/John_Paulson
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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.
3 days ago · From the Editor. John Paulson made his fortune betting against subprime mortgages at the peak of the 2007 credit bubble. His hedge fund firm, Paulson & Co., was started in 1994 and enjoyed...
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Jun 2, 2024 · Is John Paulson a billionaire? Indeed, John Paulson has achieved billionaire status through his role as the founder and head of Paulson & Co., an investment management company situated in New York. What was John Paulson’s most successful trade?
May 15, 2013 · Became a billionaire in 2007 by shorting subprime mortgage securities after the housing crash. Serves on the boards of many organizations, including the board of trustees of New York University...
Yes, he was a billionaire hedge-fund manager at a time when Wall Street was in serious disrepute. But the contrarian who had the foresight to bet against the housing bubble, taking home...
Apr 27, 2011 · John Paulson made over $1 billion on a single stock over 18 months beginning in 2009 – Citigroup (C, Financial). The largest position in his Advantage Fund, the stock increased 43% in 2010. In a shareholder letter, Paulson said that Citigroup’s performance demonstrated the “upside potential” of his restructuring investments.
John Paulson, Paulson & Co. president and portfolio manager, is best-known for making $15 billion in 2007 on a bet against mortgage bonds. David Rubenstein takes a look at his career on...
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- David Rubenstein