John Paulson in Southampton, Estate of the Day {Luxist}

Nov 19th 2008 8:05PM On Wall Street, the losers in the collapse of the housing market are legion. The biggest winner looks to be John Paulson, a little-known hedge fund manager who smelled trouble two years ago.

Funds he runs were up $15 billion in 2007 on a spectacularly successful bet against the housing market. Mr. Paulson has reaped an estimated $3 billion to $4 billion for himself -- believed to be the largest one-year payday in Wall Street history.


My bet is that he is liquidating to buy up some of the even more tony properties that NY has to offer. To the victor go the spoils. I say 'good on you' on a great bet.