Monday, June 11, 2012
Yahoo Finance Canada, 
Submitted by: Jon Gilbert

John Paulson’s $49 Million Ski Retreat

Hedge fund billionaire and king of the banking thieves John Paulson recently dropped $49 million on a 56,000 square foot property in Aspen called Hala Ranch.

Hedge fund titan John Paulson is known for betting big on housing — his 2008 position against the U.S. subprime mortgage market famously made him a billionaire several times over, and earned his clients returns of over 600 percent — but now he is taking things in the opposite direction, dropping a reported $49 million on an Aspen, Colo. area ranch that was built for Saudi Prince Bandar bin Sultan. Paulson's firm confirmed the purchase — on Tuesday, according to CNBC.

It's a stunning property.

Posted by Editor on 06/11/12 at 11:03 AM •  (0) Comments

Tags:  wealth, billionaire, aspen,

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