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John Paulson gives $100 million to Central Park
Hedge fund manager John Paulson is donating $100 million to the fundraising arm of New York's famous Central Park.
Hedge fund manager John Paulson likes to bet big -- whether it's on an impending real estate crisis or in philanthropy.
On Tuesday morning, Paulson and his family foundation announced a $100 million donation to the Central Park Conservancy, the private fundraising arm of Manhattan's famous public park. Paulson called the donation -- the largest ever for any public park -- a "great privilege," and noted that Central Park is one of the most important cultural institutions in New York.