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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.
Harvard has the largest university endowment in the world. As of September 2011, it had nearly regained the loss suffered during the 2008 recession. It was worth $32 billion in 2011, up from $28 billion in September 2010 and $26 billion in 2009.