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ASPEN, Colo.—Financial fund manager John Paulson has purchased Saudi Prince Bandar’s former ranch near Aspen for a princely sum.

Paulson’s spokesman says Paulson bought two of Bandar’s properties on May 31 for $49 million.

According to the Aspen Daily News ( ), Paulson bought the 90-acre Hala Ranch for $41 million and a 38-acre property known as the Bear Cabin for $8 million.

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Information from: Aspen Daily News,

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