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. 


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

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