Yahoo Finance Canada,
Submitted by: Jon Gilbert
John Paulson’s $49 Million Ski Retreat
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.