Previous to 2007, John Paulson was an obscure hedge fund supervisor who in all probability could not have booked an look on CNBC. CNBC ought to have booked Paulson as a result of at the moment he was sitting on one of the crucial worthwhile bets in Wall Road historical past. By way of his hedge fund, Paulson & Firm, John made a large guess in opposition to the US housing market. When the market imploded a few yr later his fund made $20 billion. Roughly $4 billion went straight into John’s private pockets. The guess made John a Wall Road legend. Books have been written about that one guess. Actually a guide about John’s guess is known as “The Best Commerce Ever.”
At this time John Paulson has a net worth of $5 billion. And that is after setting apart $2 billion for his philanthropic basis.
Sadly, John simply filed for divorce from his spouse of 21 years, Jenny Paulson. Why is that particularly unlucky? As a result of there was no want for a prenup after they married. So John and Jenny are about to embark on an epic, multi-billion divorce battle.
John and Jenny Paulson met greater than twenty years in the past when she delivered lunch to him and the remainder of his workers at Paulson & Firm. On the time, she was in her late 20s and a current immigrant from Romania who had been given political asylum in the US. Jenny got here to America when her brother, a monitor star, defected. They settled in Queens.
After assembly on that lunch supply day, John employed Jenny to be his assistant. John was in his mid-40s on the time and was very a lot within the temper to lastly marry and quiet down. Jenny was simply the optimistic and cheerful sort of lady he wished in his life. She did not drink, smoke, or take pleasure in Manhattan’s notorious nightlife, in keeping with Gregory Zuckerman’s guide, “The Best Commerce Ever.”
Paulson requested Jenny out repeatedly for a yr, however she refused to this point him since they labored collectively. She informed him if he discovered her a brand new job, she’d exit with him. Ultimately, she agreed to go to lunch with him, and greater than 200 meals collectively later, he popped the query.
The Paulsons married in 2000 and have two daughters, Giselle and Danielle. The household primarily resides at their $14.7 million, 28,500 sq. foot townhouse in Manhattan. The Paulsons additionally personal a $41 million property in Southampton and a $24.5 million residence in Aspen. Paulson additionally has stakes within the Condado Vanderbilt Resort, La Concha Renaissance Resort, and St. Regis Bahia Seashore Resort in Puerto Rico.
Paulson reworked his hedge fund right into a household workplace in 2020. Property had dropped from a excessive of $38 billion in 2011 to $9 billion in 2019. Mainly, Paulson discovered that he was principally managing his personal cash, so there was no want for a proper hedge fund anymore.
The divorce of John and Jenny Paulson is about to go down as one of many largest in historical past because of the sheer wealth of the couple and the absence of a pre-nuptial settlement.