John Paulson's wife sues him for $1 billion, says he is hiding money in
divorce
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[July 08, 2022]
By Jonathan Stempel
NEW YORK (Reuters) - The wife of hedge fund
founder John Paulson has sued him for at least $1 billion, claiming he
is trying to hide billions of dollars from her in their divorce.
In a complaint filed on Thursday with a New York state court in
Manhattan, Jenica Paulson said her husband secretly created and funded
three trusts to ensure she would be deprived of her fair share of assets
from their 22-year marriage.
"Mrs. Paulson was a loyal wife," the complaint said. "Mr. Paulson
rewarded his wife's devotion by implementing a plan, over a nine-year
period, to insulate assets acquired during the course of their marriage
from Mrs. Paulson's reach."
A spokesman for John Paulson did not immediately respond to a request
for comment.
Other defendants include a JPMorgan Chase & Co unit that serves as
trustee for two of the trusts. A spokesman for the bank declined to
comment.
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John Paulson, 66, is worth $4 billion, according to Forbes magazine.
He filed for divorce last September from his wife, who turns 51 this
month, according to public records.
They have two daughters, ages 19 and 17. Jenica
Paulson said she learned about the divorce filing in the New York Post's
Page Six column.
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![](../images/070822PIX/news_m77.jpg)
Hedge Fund manager John Paulson attends the men's singles final
match between Roger Federer of Switzerland and Novak Djokovic of
Serbia at the U.S. Open Championships tennis tournament in New York,
September 13, 2015. REUTERS/Mike Segar
![](http://archives.lincolndailynews.com/2022/Jul/08/images/ads/current/castlemanor_sda_FINANCIAL_2017.png)
According to the complaint, the Paulson trusts were created in 2001,
2006 and 2009, and include assets such as John Paulson's apartment
on Manhattan's Fifth Avenue and vacation home in Aspen, Colorado.
Jenica Paulson's claims against her husband include fraud,
fraudulent conveyance and breach of fiduciary duty.
John Paulson generated much of his wealth betting in 2007 and 2008
against subprime mortgages, whose decline was a major factor in the
2008 global financial crisis.
He converted his hedge fund firm Paulson & Co into a family office
in 2020. Assets had by then fallen to less than $11 billion from a
peak of $38 billion in 2011.
The case is Paulson v Paulson et al, New York State Supreme Court,
New York County.
(Reporting by Jonathan Stempel in New York; Editing by Bill Berkrot)
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