The Straits Times
www.straitstimes.com
Published on Oct 24, 2012
 

New York billionaire gives Central Park $122m

 
 

NEW YORK (AFP) - New York's famed Central Park saw a different kind of green when a hedge fund billionaire made a US$100 million (S$122 million) donation, said to be the largest gift to a park of all time.

John Paulson, who made a fortune with the Paulson & Company investment fund, announced the contribution to the Central Park Conservancy, which manages the Manhattan institution, at the iconic Bethesda Fountain.

"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," he said.

"The Conservancy is responsible for transforming and sustaining Central Park as the celebration of culture, nature and democracy that it is today," he said. "It is my hope that today's contribution will help it endure and flourish and inspire others to join me in ensuring that the Park continues to receive the support it needs to be this city's greatest asset."