In the decade since hedge fund billionaire John Paulson took a grand gamble on Puerto Rico, he’s faced the wrath of the markets and mother nature. He’s navigated hurricanes, earthquakes, the pandemic and the largest municipal bankruptcy in U.S. history to amass a portfolio of luxury hotels and resorts, high-end office blocks, and auto dealerships catering to the island’s rich, Bloomberg News reported. Now, just a few months after breaking ground on one of San Juan’s tallest and most exclusive residential towers, Paulson is facing a new wave of threats: lawsuits that strike at the heart of his Caribbean empire. In New York, he’s caught in a bitter divorce, with his ex-wife alleging that he manipulated the value of one of his Puerto Rican properties to drain at least $10 million from a trust for his kids. On the island, he’s facing lawsuits by his longtime business partner, Fahad Ghaffar, who claims Paulson is trying to cheat him out of his share in their Puerto Rico ventures.
