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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. Paulson graduated from Harvard Business School in 1980 and went on to found Paulson & Company in 1994.
The Â£10m donation is the largest single gift that J K Rowling has ever given. Her mother, who had MS, died when Miss Rowling was just 25. She has donated Â£10million for research at a multiple sclerosis centre which will be named in honour of Anne, who died in 1990. Miss Rowling, who never told her mother that she had started the book, has said she is haunted by the death, describing it as 'a literal pain in my heart'.