Sunday, 31 August 2014
Last updated 1 day ago
May 14 2013 | 10:16am ET
Having moved into his new mountain retreat, John Paulson is offloading his old.
The Paulson & Co. founder has listed his smaller home in Aspen, Colo., for $29.9 million. The billionaire bought the 8.4-acre Aspen Lakes Ranch in 2010 for $24.5 million.
The 13,000-square-foot home has seven bedrooms, seven bathrooms, seven fireplaces, a spa, a home theater and nearly 10,000 square feet of patios, and features views of the Elk Mountains and the Snowmass Ski Area. The ranch also includes several "stocked ponds" and waterfalls.
Paulson bought his new home in the area, Star Ranch, last year for $49 million. He's spent the interim renovating the former home of Prince Bandar bin Sultan, the former Saudi Arabian ambassador to the U.S., which is by far the largest home in Pitkin County.
"He's selling the house because he's moving to Star Ranch," Paulson spokesman Armel Leslie told Bloomberg News. "He said back then he'd be doing some work on the house and eventually moving in, so now he's moving in."
In addition to his Aspen digs, Paulson owns homes in New York City and Southampton, N.Y.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...