John Paulson, the founder of hedge fund giant Paulson & Co., earned a record $4.9 billion in 2010 overseeing a fund that exited the year with more than $36 billion under management, according to a new survey from AR Magazine.
But Paulson, who now has 90% of his personal money invested in either his firm's gold fund or other gold funds which generated a 35% return last year, has earned more than $12.9 billion in the past three years. The $4.9 billion is a record one-year take, eclipsing the previous record of $3.7 billion in earning he garnered in 2007 after predicting and betting on the U.S. housing market collapse.
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