Bloomberg- John Paulson, founder of New York- based Paulson & Co., was paid an estimated $3.7 billion last year, the most in the hedge fund industry, according to Institutional Investor’s Alpha Magazine.
Paulson, 52, surpassed George Soros and last year’s winner James Simons in a ranking of the 50 highest-paid hedge fund managers. Soros ranked second, earning about $2.9 billion. Simons was third, making an estimated $2.8 billion last year.
The average compensation of the top 25 fund managers was $892 million, up 68 percent from last year. The minimum compensation included in the ranking was $210 million, Alpha reported.
