Wall Street Billionaire To Host Top Dollar NYC Fundraiser For Trump

Screengrab/Steinway & Sons/YouTube

JakeThomas

John Paulson made his money betting against the U.S. housing market ahead of the 2008 financial crisis.

Hedge fund billionaire John Paulson, who made his money betting against the housing market ahead of the 2008 financial crisis, will host a $2,800-per-ticket fundraiser for President Donald Trump next week in New York City.

The Hill reported that Paulson was one of Trump’s earliest supporters after he won the Republican nomination and also serves as one of the president’s economic advisers.

The fundraiser will be held after Trump addresses the United Nations at the Global Call to Protect Religious Freedom event.

Paulson, whose estimated worth is $4.2 billion according to Forbes’ real-time net worth tracker, earned almost $4 billion after his 2007 “decision to buy credit-default insurance against billions of dollars of subprime mortgages before the market collapsed.”

The fundraiser will take place at Paulson’s 28,500-square-foot East 86th Street townhouse, the New York Post reported.

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