Friday, 27 March 2015
Last updated 3 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…