$49 Million Ranch Purchased by John Paulson

Jun

$49 Million Dollar Real Estate Purchase in Aspen.

Hedge Fun Billionaire Purchases a $49 Million Ranch In Aspen Colorado.

John Paulson's Purchase of A $49 Mil Ski Country Retreat.

Hedge fund titan John Paulson is known for betting big on housing — his 2008 position against the U.S. subprime mortgage market famously made him a billionaire several times over, and earned his clients returns of over 600 percent — but now he is taking things in the opposite direction, dropping a reported $49 million on an Aspen, Colo. area ranch that was built for Saudi Prince Bandar bin Sultan. Paulson’s firm confirmed the purchase — which consisted of two transactions: $41 million for the 90-acre main property and an additional $8 million for a 38-acre parcel known as Bear Cabin — on Tuesday, according to CNBC.

For more information go to: http://finance.yahoo.com/blogs/the-exchange/john-paulson-latest-investment-49-million-ski-country-160416152.html