Scorned wife, 52, of billionaire hedge fund investor John Paulson, 67, is ‘stripping’ their kids of their inheritance by going after $1B trust funds, lawyers say, after he dumped her for influencer, 34

• Paulson’s legal team claim that his wife’s lawsuit will affect the amount their children get from the trust 
• His wife is arguing that he used a sham purchase of a luxury penthouse in Puerto Rico to ‘improperly enrich himself’ by $10million
• She claims that her husband had been siphoning properties and cash over a nine-year-period to hide them from her 

A 67-year-old billionaire who ditched his wife for a 34-year-old influencer has accused his ex of trying to ‘strip’ his two daughters of their inheritance amid their messy divorce.

Hedge fund mogul John Paulson made the claims against his soon-to-be ex-wife Jenny, 52, in legal filings seen by DailyMail.com. 

Lawyers for the tycoon claim his ex is acting out of ‘greed’ and if the trusts are split as she demands, the assets would incur ‘huge’ sums of taxation – resulting in their two daughters Giselle and Danielle having a ‘diluted’ inheritance.

He is accused of ‘blindsiding’ Jenny by filing for divorce in 2021 after shacking up with fitness influencer Alina de Almeida, 34.

Paulson and Romanian-born Jenny and attempted an out-of-court settlement, but a bitter war erupted after she turned down an undisclosed offer, prompting lawyers for Paulson to brand the mother of his children ‘greedy.’

He has since filed again in Suffolk County, Long Island, close to his large Southampton mansion, with the couple battling it out over their $200million real estate portfolio.

In an initial filing hitting back at Jenny’s claims that he squirreled away assets into three special trusts states that she is trying to ‘justify stripping her children of their inheritance’.

Their daughters Giselle and Danielle, 19 and 21, are the ‘primary beneficiaries’ of the trusts, with lawyers claiming that by suing her husband over the $1billion estate Jenny would be taking funds away from them if her claim is upheld.

Court documents said: ‘She has been further exposed as a parent who seeks to deprive her children of trusts created for their benefit to which they are undisputed beneficiaries – and to which Mr. Paulson has no claim – solely to increase her share of equitable distribution in the Divorce Action.’

It added that she is trying to justify the legal action by saying she will ‘provide for the children’s financial security’, adding that she would cause ‘tremendous tax implications thereby significantly reducing the children’s inheritance.’

The couple did not sign a prenuptial agreement before tying the knot, which could make any ruling on their billions one of the largest in the states to play out publicly.

James Smith, a partner at BlankRome, representing Paulson told DailyMail.com: ‘Mrs. Paulson seeks to strip her children of their inheritance. This selfish money grab has no basis under New York Law.’

But sources close to Jenny say that her and the two girls are ‘like one person’, and her lawyers previously denied that she is trying to take any money from them.

It is also claimed that there are concerns that the girls will have their portion of the trusts ‘diluted’, if Paulson has any more children with his new lover – nutritionist Alina de Almeida, 34.

New documents filed on September 21 by Jenny’s lawyers are also claiming that Paulson used a sham purchase of a luxury penthouse in Puerto Rico to ‘improperly enrich himself’ by $10million at the expense of the trusts.

The filings state that her husband bought the apartment in 2020, at the St. Regis Bahia Beach Resort for an artificially low price of $5.6 million from a 2009 family trust, which owned the property.

According to court documents, the penthouse is worth $15million, which her legal team says allowed him to remove $10million from the trust that he wasn’t entitled to.

Robert Cohen, lawyer for Jenny, said that the amended complaint was prompted by the lawsuit filed against Paulson in Puerto Rico earlier this month, by his former business partner.

Fahad Ghaffar, 42, sued the billionaire for $50million over claims that he lied about a fraudulent $17milion luxury car dealership investment. Paulson denies the allegations.

‘There are numerous factual inaccuracies in the amended complaint,’ lawyers for Paulson rebuffed. ‘The condo purchase was not a sham purchase.

‘Mr. Paulson signed a contract for the full list price in 2020. Because he has not yet closed on the apartment, there are no unpaid hospitality charges.

‘All required payments, including the down payment upon signing, have been made. Mr. Paulson also paid the full $7 million for his stake in Autogrupo.’

‘This amended complaint is a ruse to avoid a hearing. Jenny is afraid the case will be dismissed and will do anything to avoid a hearing.

‘The amended complaint adds contrived, inaccurate allegations made by a disgruntled former employee who was fired for cause on July 31, 2023. He was subsequently banned from all Paulson PRv properties due to misconduct.

‘This remains a selfish money grab by Mrs. Paulson to strip her children of their inheritance. The extent of her greed is unconscionable.’

‘The amended complaint does not cure the fatal flaws in their original complaint, including: a) Paulsons’ daughters and other Trust beneficiaries were not named as defendants, b) These claims are time barred and c) There was no fraud – Jenny knew about the trusts for over 20 years.’

Court records show that the divorce battle – filled in Suffolk County – is still ongoing, with oral arguments expected to be heard in the trust case later this year.

She has also filed the suit against JP Morgan and Jeffrey Bortnick, who are listed as the trustees on the documents.

Lawyers for JP Morgan moved to get the action dismissed in its entirety against the bank, writing on the issue of the children: ‘Her discomfort with joining her children, however understandable, does not negate their necessity as parties to this action, because any modification of the Trusts directly affects them as beneficiaries.’

DailyMail.com reached out to Jenny’s attorney Robert Cohen for comment but did not immediately receive a response.

However, the lawyer has previously denied that she is not trying to access the trusts for her own gain, telling Page Six : ‘There is no issue with her trying to take money from the kids. She is a terrific mother.’

She claims that the trusts have improperly ‘served to evade Mr. Paulson’s lawful obligation in the event of divorce.’

Two of the three trusts contain language that benefits ‘Paulson’s legal wife,’ meaning that Jenny will be deprived of the assets upon divorce, court papers show.

Paulson’s lawyers say she knew about the trusts because they are named in nearly two decades of joint tax returns which she herself signed.

The documents allege: ‘The joint tax returns were authorized by Mrs Paulson and identified the trusts by name, therefore refuting any claim the trusts were ‘secretly’ created to deceive Mrs Paulson or to deprive her of equitable distribution on what might otherwise have been a marital asset.

‘Such evasion could not be possibly be true given that the trusts all were created during an intact and thriving marriage that witnessed for decades Mrs Paulson execute tax returns referencing the trusts.’

Other documents revealed that Jenny found out that her husband was filing for divorce on the website, as well as reports that he was dating a dietician nearly half his age.

The billionaire is dating influencer Alina de Almeida, 34, and reportedly filed for divorce after spending the summer with his wife and two children in the Hamptons.

Paulson reportedly ‘wants to marry’ his girlfriend and has moved her into his luxury apartment on New York’s Fifth Avenue.

It comes after a state appeals court rejected Paulson’s motion to have oral arguments to dismiss his wife’s claims closed to the public.

Paulson and Jenny first met in the late 1990s when she delivered lunch to his offices. He then hired the Romanian national as his assistant.

A 2009 book about the hedge fund trader called The Greatest Trade Ever quoted him as saying Jenny was ‘a breath of fresh air’.

An unnamed source told Page Six in September that the Paulsons had also ‘been living separate lives for the past 15 years,’ despite sharing a 28,000-square-foot townhouse on East 86th Street on Manhattan’s Upper East Side.

Paulson cited ‘irreconcilable differences’ as the cause of his split, according to documents filed in Suffolk County.

John and Jenny Paulson have a massive collection of luxury real-estate that the couple amassed in their two-decade-long marriage.

They paid $14.7 million for a neo-Georgian townhouse in Manhattan. The home is a 28,513 square feet, six-story, and 51-foot-wide limestone.

They also have an estate in Southampton, New York, called Old Tress, which was obtained for an eye-popping $41 million in 2008, and a luxury 95-acre property called the Hala Ranch in Aspen worth $49 million.

The ranch was built in 1991 and was originally purchased by Saudi Arabia’s Prince Bandar bin Sultan for $135 million. The estate has been ranked by Forbes magazine as the most expensive home in the United States.

Paulson became a celebrity in the world of finance when in 2007 he made an unprecedented bet against the then-booming housing market, predicting that the subprime loan bubble would burst.

When Paulson’s forecast came to pass, he and his investors walked away from the financial calamity $20 billion richer. Paulson’s hedge funds managed $38 billion at their height in 2011, which shrank to $8 billion by the end of 2019.

On the heels of the heavy losses, Paulson converted his hedge fund into a family investment firm in 2020.

He graduated from NYU and received his MBA from Harvard Business School. In 1994, he founded his own hedge fund called Paulson & Co.

He spent his 30s as a hotshot bachelor, living in a loft in SoHo in downtown Manhattan, rubbing elbows with celebrities and models.