Billionaire John Paulson is the latest hedge fund celebrity to walk away from the business, Bloomberg reported on Wednesday. At one point in 2015, Paulson’s fund owned more than $1.5 billion in bullion, gold stocks, and gold ETFs. S ince 2009, legendary hedge fund Guru John Paulson, founder of Paulson & Company, has been investing in the gold sector, adding gold mining and … 1. John Paulson (Trades, Portfolio) made his first significant bump in wealth during the Financial Crisis, and rapidly lost a large amount after launching a gold fund in 2009.The billionaire founder of Paulson & Co. still believes in gold, however. John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager.He leads Paulson & Co., a New York-based investment management firm he founded in 1994. His fund, Paulson & Company, once worked with assets under management in excess of $35 billion. John Paulson is a legendary hedge fund investor. Even John Paulson has started getting bearish on gold, slashing gold holdings by more than one-third. https://finance.yahoo.com/news/billionaire-john-paulson-top-10-014613633.html In the first quarter of this year, Paulson took out a new position in KL stock, buying up more than 1.5 million shares. John Paulson is a long-time gold bull. Billionaire John Paulson’s Top Three Gold Stock Picks By Jing Pan, B.Sc, MA Published : July 8, 2015 Gold mining companies are down-and-out, but John Paulson isn’t worried. This stake formed 9.1% of Paulson & Co.’s total holdings at the end of the third quarter. This is a clear sign that Paulson remains bullish on gold. John Paulson. Although Paulson gained roughly $5 billion in 2010 on a bet on gold, its strategy of investing billions of dollars into gold markets negatively impacted its portfolio in the last decade. John Paulson Slashed Gold Holdings Last Quarter… Just Before the Rally One of the biggest gold bugs out there sold a big chunk of the precious metal just … He has been called "one of the most prominent names in high finance" and "a man who made one of the biggest fortunes in Wall Street history." After returning near 400% in the last decade, it is too late buy gold.