|The Rich List
||From Winners to (Mostly) Losers|
No fewer than 15 individuals who made the list for 2010 earnings failed to qualify this year.
PAULSON & CO.
2010 earnings: $4.9 billion
Paulson, who became a household name when his personal earnings topped $3.7 billion in 2007 from his now-famous bet against the housing market, lost $3 billion last year. Some of his funds fell 30 to 50 percent because of huge losses on bank and other financial stocks.
2010 earnings: $2.2 billion
Tepper, who topped the Rich List two years ago when he earned $4 billion from a bold bet on bank stocks, saw his Palomino Fund fall 3.33 percent last year. He avoided posting larger losses, however, by cutting back his holdings of financial stocks early in the year.