Hedge fund manager donates $100M to Central Park in largest gift ever

ASSOCIATED PRESS

Manhattan's 843 acre green oasis contains 26 ball fields, 26,000 trees, and is two and a half miles long by a half mile wide.

Now that's a lot of green for Central Park!

A billionaire hedge-fund manager is donating $100 million to the Central Park Conservancy, in the largest gift ever to New York's beloved opened space and is believed to be the largest donation to any park in US history.

John Paulson, 56, was set to meet with Mayor Bloomberg this morning to formally announce the mind-blowing contribution.

Paulson was previously best known for making a killing in 2007, short-selling the mortgage and securities market. He reportedly made $4 billion by anticipating the monumental burst of America's housing bubble.

"It is a great privilege to be able to contribute to the Central Park Conservancy, one of the most important cultural institutions in New York," Paulson said.

Paulson apparently has enough loose change to make the massive donation. He's No. 28 in the Forbes 400 and No. 61 in the list of Forbes Billionaires.

He's also been a generous donor in the past:

--The NYU alum and trustee gave $20 million to the school in 2009.
--He made a $5 million gift to Southampton Hospital, near his summer home.
--The Wall Street titan donate $15 million to a maternity hospital in Guayaquil, Ecuador, where his dad was born.

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