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egyptbusinessnews — Thu, 26 Mar 2009 02:04:46 +0000

John Arnold, Centaurus Energy; $1.5bn

egyptbusinessnews — Thu, 26 Mar 2009 01:13:06 +0000

John Paulson is widely known for cashing in on the fall on banking shares in the past year. The fund he founded in 1994 has made more than £300m shorting shares in banks such as Lloyds and can boast the former US Federal Reserve chairman Alan Greenspan on its advisory board.

Mr Paulson, 53, formerly an M&A banker at now-defunct Bear Stearns, is among the 100 richest Americans listed by Forbes magazine. And the $2bn he raked in last year from bets on the credit crunch will hardly undermine his rich-list ranking or status.

John Arnold, Centaurus Energy; $1.5bn

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John Arnold, Centaurus Energy; $1.5bn