Harvard receives $400 million from billionaire who profited off the recession

Fusion

Harvard University, which already has the largest endowment in the country, just received a very, very generous gift from hedge fund manager/billionaire John Paulson.

Paulson’s payment of $400 million to Harvard’s School of Engineering and Applied Sciences (SEAS) marks the largest gift the university has ever received. Congrats, Harvard! Now you have $36.4 billion PLUS $400 million, which is a great amount of money for a private institution to have.

In a statement, Paulson expressed his excitement about SEAS, saying:

“SEAS is the next frontier for Harvard, and its expanding campus in Allston promises to become the next major center of innovation. As an alumnus of Harvard, one who has benefited greatly from the education I received here, it is both a privilege and an honor to support this endeavor.”

After Paulson left Harvard’s business school in 1980 he did benefit greatly, and not just from his stellar education. He…

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