US Investor John Paulson Donates Record $250 Million to Hebrew University
Translated & summarized from N12 by baba
American investor John Paulson has donated a record $250 million to the Hebrew University of Jerusalem, the largest gift in its history. The Mount Scopus campus will be renamed in his and his wife's honor. The funds will establish a new engineering faculty and support medical and trauma research. Paulson's total contributions to the university now exceed $296 million.
The story in 5 lines · by baba
- John Paulson donated a record $250 million to the Hebrew University of Jerusalem.
- The Mount Scopus campus will be renamed the Alina and John Paulson Campus.
- The donation will fund a new engineering faculty and medical research.
- Paulson's total contributions to the university now reach $296 million.
- The gift signifies international support and solidarity with Israel.
American investor John Paulson has made a historic donation of $250 million to the Hebrew University of Jerusalem, marking the largest contribution in the institution's history and one of the most significant ever received by an Israeli academic body. In recognition of this unprecedented gift, the university's Mount Scopus campus will be renamed the "Alina and John Paulson Campus, Mount Scopus."
The substantial donation, announced at a gala event for the university's board of trustees, is earmarked for the establishment of a new engineering faculty, the expansion of medical and biomedical research, and the advancement of trauma and post-trauma research and treatment. This latest contribution brings Paulson's total donations to the Hebrew University to $296 million, following previous gifts of $27 million in 2023 and $19 million earlier this year.
Paulson, a prominent Republican donor and former hedge fund manager, earned significant wealth by betting against the subprime mortgage crisis in 2007. His personal fortune is estimated by Forbes to be around $11 billion. He was once considered a potential candidate for Treasury Secretary in Donald Trump's administration. A spokesperson for Paulson has denied allegations linking him to Jeffrey Epstein.
Paulson's sister, Theodora Bar-El, earned a doctorate from the Hebrew University, and he himself received an honorary doctorate from the institution in 2024. His previous support for the university includes funding for the Paulson Bar-El Building for Computer Science and Engineering and the John Paulson Building for Electrical Engineering.
In a statement, Paulson expressed that the donation signifies "international support and solidarity with Israel, a small country facing immense challenges in defending itself at this time."
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