Paulson Buys Aspen Lodge

Jul 16 2010 | 5:56am ET

Paulson & Co. founder John Paulson has paid $24.5 million for a new Rocky Mountain getaway.

The billionaire hedge fund manager has bought a year-old, 12,500-square-foot home outside of Aspen, Colo., the Aspen Daily News reports.

SnowmassSnowmassThe five bedroom, six-and-a-half bathroom mansion sits on eight acres with views of the Elk Mountains and the Snowmass Ski Area. The property features several man-made lakes, while the home boasts seven fireplaces, a spa and a home theatre.

Paulson lives in New York. He has another vacation home in the Hamptons, which he paid $41.3 million for two years ago.

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