ASPEN REAL ESTATE – Hedge fund manager John A. Paulson, president and founder of Paulson & Co., Inc. paid $24.5 million on June 22 for a luxurious home on eight acres off of McLain Flats Road just outside of Aspen, according to sources.The sources, who asked that their identity not be disclosed, said the 12,500-square-foot home at 460 Sunnyside Lane was purchased by Paulson, a billionaire who made a fortune in 2007 betting against the subprime mortgage sector. “Paulson’s winning’s were so enormous they seemed unreal, even cartoonish,” wrote Wall Street Journal reporter Greg Zuckerman in his 2009 book about Paulson, “The Greatest Trade Ever.” “His firm, Paulson and & Co., made $15 billion in 2007 …Paulson’s cut was nearly $4 billion, or more than $10 million a day.”

By Brent Gardner-Smith, July 14, 2010 Aspen Daily News

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