Paulson, who earned US$15 billion from a bet against the U.S. housing market in 2008, and his wife are divorcing. Read on
Jenica Paulson, 50, sued her husband Thursday in state court in Manhattan, claiming he and “a cadre of hand-picked agents and advisors” worked to establish three irrevocable trusts to make sure she didn’t get her “fair and equitable share of assets.” She is asking for at least $1 billion in damages.
“Mrs. Paulson acted at all times in reasonable reliance on her husband’s obvious expertise, reassured by him that this was an area with which she need not concern herself,” she said. He responded by abusing her trust, she claims.Article content
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