09/10/2026
The media is fascinated with the $4.7 billion number in the Paulson divorce. While that is an attention-getting number, it's not the real story.
At that level of wealth, walking into a marriage without a prenuptial agreement does not just leave a question unanswered. It leaves the entire financial history of the marriage to be reconstructed, years later, under far worse circumstances than if it had been documented from the start. That is exactly what happened here. John Paulson and his ex-wife Jenny spent five years in that reconstruction, not arguing over how to divide the money, but establishing where it came from. Which trusts held what. Which properties were separate and which had become marital. What nearly two decades of financial decisions actually meant.
I have sat across the table from families untangling exactly this kind of history. It is slow, forensic work, and it is almost always more costly, in time, in privacy, in what it puts a family through, than the conversation that could have happened before the marriage began.
This was never really a fight over the size of the estate. On one side, the argument was that she had never been given the full financial picture. On the other, the argument was that the structures in place were legitimate, and always had been. Two sides working from two different sets of facts, for five years. That gap is what kept this family in court, not the dollar figure.
A prenup would not have settled every disagreement here. But it does something litigation never can: it lets two people have the conversation about what is acceptable while they still have every reason to be reasonable with each other. Once a divorce turns adversarial, that window closes. Positions harden. Every disclosure becomes a negotiating chip instead of a fact. The same conversation that might have taken an afternoon before the marriage began can take five years and cost a fortune once it has to happen inside a courtroom instead.
You don't write the agreement in the middle of the fight. You write it before there is one.