John, Jenny Paulson to Divorce in Latest Billionaire Split

In the latest billionaire divorce, one of the world’s largest self-made fortunes at stake

After more than 20 years of marriage, John and Jenny Paulson are getting split. This divorce involves a billionaire family that is ready set to reshape one of the world’s largest self-made fortunes.

The divorce case has already been filed in Suffolk County, New York. The case will be handled by John Paulson and will be represented by William D. Zabel. The New York Post, which declared the news of divorce earlier, also mentioned that there’s no pre-nuptial agreement between the two which might cite an unidentified person it didn’t identify. 

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According to Zabel, John has a lot of respect for Jenny and will be supporting her and his family.  John Paulson,  has an overall estimate of $4.8 billion, according to the Bloomberg Billionaires Index. Due to his successful bet against the U.S. housing market in the year 2008 during the financial crisis. The manager who managed money in the Paulson Family Foundation had around $1.9 billion according to 2019. 

In the latest billionaire divorce, one of the world’s largest self-made fortunes at stake

Jenny Paulson had met her future husband many years ago even before he became famous for his subprime trade. He first hired her as an assistant. She used to deliver lunch to him and his staff. Jenny was an immigrant from Romania and was granted political asylum in the U.S. And in his mid-40s, Paulson decided he is required to get married and that Jenny had all the qualities and an interesting personality he was looking for, according to “The Greatest Trade Ever,”  by Gregory Zuckerman

Jenny never used to drink, smoke, or go out late at night,  for him, she always was a breath of fresh air, as said by Paulson which was quoted in the book. He asked her out for a year, but she was in denial of date him unless she was fired from the position of assistant and found her any other job. She finally agreed to go on lunch with him, and after more than 200 meals together he proposed.

Jenny Paulson
Jenny Paulson

Paulson had made $20 billion all by hi won for himself and investors when U.S. subprime mortgage bonds went down and had a lot of financial crisis. After successfully making one of the greatest trades in history, he had also face a lot of less successful years. Paulson turned his investment firm into an office. His assets went down to about $9 billion in 2019 from a rise of $38 billion in 2011, and he successfully managed most of his own money himself 

The family has an exclusive collection of real estate investments, which also include an Aspen ranch that previously belonged to a Saudi prince and a real estate in the Hamptons which was worth $41 million in 2008. 

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While their divorce is going to be one of the largest in history in terms of assets at stake, it will be lessened by two recent breakups. Melinda French Gates ended up with billions of dollars of stock in various companies after she got a divorce from Microsoft Corp. founder Bill Gates, while Mackenzie Scott, the previous wife of Amazon.com Inc. Chairman Jeff Bezos, is the fourth-richest woman in the world, with a net worth of $56.4 billion. 

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