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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 gift is the largest ever made to a U.S. public university. It is twice the size of what was announced on March 2, 2002, as the largest gift to a single public university - an estate gift estimated to be worth $150 million to the University of Texas at Austin.