John Paulson Faces Suits From Business Partner, Wife, And The Feds

Billionaire hedge fund manager John Paulson is locked in a vicious legal war with his former business manager, is bogged down in a bitter divorce from his estranged wife, and is on President Biden’s shit list for raising $50 million for Donald Trump, as reported by Emily Shugerman for The Daily Beast.

A blaze erupted at one of Paulson's posh car dealerships on the island for the second time in five months this weekend. I Photo: Zara Zhang, The Harvard Crimson

A blaze erupted at one of his posh car dealerships on the island for the second time in five months this weekend.

Lawyers for Paulson’s former business partner, Fahad Ghaffar, who is suing Paulson for ousting from his management role last summer, said the blaze is suspicious.

“Since [Ghaffar] was displaced in August last year, there have been two unprecedented fires at Porsche and Ferrari, and the business appears to literally be burning down,” his attorney, Marty Russo, told The Daily Beast.

Ghaffar and Paulson are engaged in a sprawling legal brawl over the Puerto Rican arm of the hedge funder’s business empire, spanning three federal cases and three state-level ones.

Paulson is also in a contentious divorce case with his estranged wife, Jenica, who claims he hid over a billion dollars from her over the course of their marriage and is refusing to divide the loot equally.

He claims he put the money in trust funds for their children and other family members and that his wife was well aware of that decision, which Jenica debunked.

Despite his busy legal calendar, Paulson found time to host a fundraiser for Trump in his Palm Beach, Miami, home this month, and to propose to Alina de Almeida, a 35-year-old influencer.

Paulson is also under federal investigation for cheating US servicemen who took out loans from him to buy his cars.