A Billionaire Hedge Fund Manager Made Harvard’s Biggest Donation Ever

Billionaire hedge fund manager John Paulson donated $400 million to Harvard’s School of Engineering and Applied Sciences, the New York Times reports. Harvard’s engineering school, which is expanding across the river from Cambridge, Mass., will be renamed the Harvard John A. Paulson School of Engineering and Applied Sciences.

The gesture marks the largest gift in the university’s 379-year history, surpassing last-year’s record-setting donation by Hong Kong-born investor Gerald Chan, who gave $350 million to the School of Public Health.