The American managed to make daily profits of up to 10 million dollars by betting on the collapse of the real estate market in his country.
John Paulson He is considered one of the best investors of his generation due to his assets millions of dollars that he managed to gather with his company Paulson & CoHis investment management firm made a fortune by betting against the U.S. housing market in 2008. His key is investing in companies whose stocks he believes are undervalued.
The American’s goal is to buy cheap and take advantage of circumstances such as restructuring, acquisitions or a financial improvement to resell his shares at a better price. These strategies made the businessman avoid real estate purchases and obtain Earnings of up to $10 million a daywhen the mortgage crisis in the United States began.
The story of John Paulson, the billionaire who got rich in the midst of the financial crisis
The billionaire was born in 1955 in the New York borough of Queens and founded his company in his hometown. His firm Pauson & Co is one of the most admired and hated investment firms in equal measure. betting on the end of the American real estate bubble after analyzing that Homes were overvalued by 40%His investments in losing property values earned him $15 billion in 2007.
Paulson’s studies allowed him to anticipate the difficult global panorama and invested in insurance against debt defaultThese moves were based on the reasoning that falling values would cause homeowners to stop paying for their homes and insurance would increase their value. He would then increase his bet by pouring his money into moves against high-risk mortgages.
The businessman also He was the driving force behind the collateralized debt obligations or CDOs. In order to carry out these mortgage package programs, he met with the main American bankers to deal with the multi-billion dollar mortgage debt balances of the country. This allowed him to be one of the few winners of one of the strongest crises in the United States.
How much is John Paulson’s fortune, according to Forbes
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The New York Times
The American billionaire managed to foresee a situation that no one else saw and made precise moves to be one of the few beneficiaries of the crisis. This allowed him to gather a giant capital, which is currently rWave the 3.8 billion dollars according to Forbes magazine.
Source: Ambito
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