John Paulson Lost $3 Billion Last Year

John Paulson

John Paulson, the founder of Paulson & Co. had a crappy year in 2011 with some of his hedge funds losing between 30% and 50%, according to AR Magazine. 

Not surprisingly, that means a lower payout for Paulson.

The legendary investor, who famously bet against the subprime housing market in 2007, fell off AR Magazine’s annual so-called “Rich List”, which surveys top-earning hedge fund managers. 

It’s the first time since 2007 that Paulson failed to make the rankings.  According to AR, Paulson lost $3 billion last year.  To provide more context, in 2010 he took home a $4.9 billion payout. 

Ouch.

SEE ALSO: John Paulson Is Resorting To Extreme Measures To Keep And Pay His Employees >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.