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John Paulson Selling Aspen Property

May 12, 2013
Jing Chen

Billionaire hedge fund manager John Paulson has listed one of his properties for sale.

Bloomberg reported that Paulson, the president of New York-based Paulson & Co., is looking to sell one of his mansions in Aspen, Colorado for $29.9 million. The listing price is 22% higher than what he bought the property for in 2010.

The article said that Paulson is selling the property because he is moving to Star Ranch, the 90-acre property he bought from Saudi prince Bandar bin Sultan for $49 million last year.

Paulson rose to fame after making $3.7 billion in 2007 by short-selling subprime mortgages. Paulson & Co. currently manages approximately $18 billion in in assets, down from its $36 billion AuM in 2010.

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