| 15.04.2013 - Billionaire Paulson loses over $300 mln as gold slumps |
| Billionaire John Paulson lost more than $300 million of his personal wealth on his gold bet, as the precious metal fell to its lowest price in almost two years. Paulson has roughly $9.5 billion invested across his hedge funds, of which about 85% is invested in gold share classes.Gold dropped 4.1% on Saturday, shaving about $328 million from his net worth on this bet alone...............................................Full Article: Source |