Hedge fund titan Israel Englander pays $1 billion to ex-wife who left him for a woman

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A divorce that scandalized Manhattan society has quietly settled for more than a billion dollars, Page Six has exclusively learned.

Billionaire hedge fund manager Israel Englander — one of the world’s richest men — has agreed to pay former wife Caryl upwards of $1 billion after she left him for a woman following more than 40 years of marriage.

The divorce settlement comes after Caryl, 68, filed an astonishing civil lawsuit alleging the 74-year-old Millennium Management co-founder — who is worth $11.3 billion, according to Forbes — “became enraged” when she “fell in love” with Swiss gallerist Dominique Levy, 55.

She owns the prestigious Dominique Levy Gallery on Madison Avenue, which sells works by artists such as Gerhard Richter, Frank Stella, Cindy Sherman and Jackson Pollock.

Gallerist Dominique Levy and Caryl Englander, both wearing colorful blazers, on the red carpet at a 2019 art event.
Hedge fund titan Israel Englander allegedly “terrorized” former wife Caryl (right), seen here with her girlfriend, gallerist Dominique Levy in 2019
Sansho Scott/BFA.com

In the civil suit, filed on February 9, the two women alleged Israel “terrorized” them both in a supposed effort to bilk Caryl out of billions in the divorce by making her sign a 2020 post-nuptual agreement. The filing was mysteriously withdrawn a week later — and the divorce was just settled privately out of court.

Caryl’s lawyer Peter E Bronstein, from Rottestreich, Lieberman, Farley LLP, exclusively confirmed to us, “Caryl is happy to have settled their issues privately and amicably. The agreement does not allow either party to discuss the terms.” Israel’s attorney John Teitler didn’t respond to a request for comment.

The Englanders’ 40-year marriage deteriorated in 2016 following Israel’s “repeated unfaithfulness to Caryl,” she and Levy had claimed in the civil lawsuit, filed in New York Supreme Court. Plus, “She fell in love with another woman, Dominique,” the suit states.

A headshot of Israel "Izzy" Englander, chairman and chief executive officer of Millennium Management LLC, as he speaks during the  SALT conference in Las Vegas on May 11, 2011.
Israel “Izzy” Englander, here speaking at Anthony Scaramucci’s SALT conference, is said to be worth more than $11 billion.
Bloomberg via Getty Images

Israel — named the highest paid hedge funder of 2020 with earnings of $3.8 billion — then “set out to terrorize the two women to force a break in their relationship, believing he could intimidate Caryl into ‘waking up’ and coming back to him,” the filing alleged, adding, “As he openly confessed to numerous people in Dominique’s professional circle, Israel vowed to “destroy” Dominique and her business.”

“He simultaneously intimidated and defrauded Caryl into executing a series of trust agreements and other financial documents— culminating in the November 2020 postnuptial agreement—that stripped her of her equitable share of the billions of dollars of marital assets that the couple had built and accumulated together over four decades of marriage,” the suit continued.

The suit also alleged that that the hedge fund titan also carried out a “years-long campaign of duress” against the two women, having them followed and photographed, hacking their emails and phones.

Aerial view of the Englanders' Connecticut estate
Caryl Englander is to receive a portion of the former couple’s vast property portfolio. The portfolio includes a $25 million waterfront estate in Greenwich, CT.
google maps

Plus, it alleged he did “unconscionable things — in his campaign to destroy Dominique,” including allegedly sparking a meritless ACS investigation into her treatment of her children.

Then, “In late September 2017, while Caryl and Israel were celebrating the Jewish High Holidays together with their family, Israel outed Caryl to their children without her consent and disclosed Caryl’s relationship with Dominique, whom he labeled a ‘viper.’

“Israel attacked Caryl in front of their children and blamed Dominique for destroying their family. And he put a price-tag on Caryl’s happiness: He told their children that Caryl’s relationship with Dominique would cost them $450 million in tax liabilities if Caryl and Israel were to separate or divorce,” the suit added.

Caryl Englander, wearing a black blazer and shirt, on the red carpet in New York on 2016.
Izzy Englander’s alleged “campaign of terror” against his wife Caryl left her unable to sleep and eat, say friends.
Nicholas Hunt
A headshot of Dominique Levy at the Miami Beach Art Basel fair in 2013.
Gallerist Dominique Levy at the Miami Beach Art Basel fair in 2013.

Because of Israel’s “campaign of terror . . . Caryl was barely eating or sleeping,” and she agreed to a 2020 post-nuptial agreement “under duress, thus forfeiting billions of dollars of joint marital property that she and Israel had built together over more than 40 years of marriage.”

Israel got “more than 95% of the value of their marital assets, and near total control over the few assets and funds available to Caryl,” the filing claimed.

A source said of the battle, “He scared the living hell out of Caryl and he scared the life out of her girlfriend. Dominique’s art business was almost destroyed, he tried to cut out most of her clients, and he threatened he could kill her in business because he’s so powerful.”

The former couple, who married in 1975, has three grown children.

Israel Englander poses with William Acquavella, owner of Acquavella Galleries 
at the Art Dealers Association of America preview for the Armory art show in New York, on March 1, 2011.
Israel Englander (left) poses with William Acquavella, owner of Acquavella Galleries at the Art Dealers Association of America preview for the Armory art show in New York in 2011.
Bloomberg via Getty Images

A second source told us that many in society believed Caryl’s decision to leave Israel for Levy had, “left him deeply humiliated, made worse by the fact that Caryl leaving him for a woman at this stage in their lives was the talk of New York Society.”

The massive divorce settlement is said to include a portion of the former couple’s massive real estate portfolio and sizeable art collection.

In 2014, the Englanders paid a then-record $71.3 million for a duplex apartment at New York’s swanky 740 Park Ave., one of the city’s landmark buildings for power brokers according to Bloomberg.

They purchased the sumptuous 18-room spread for family members to visit despite owning another apartment in the building, it was reported.

740 park Avenue, where the Englanders own two apartments.
The former couple own two apartments in powerbrokers’ favorite 740 Park Ave., including an 18-room duplex bought for $71.3 million in 2014.
Robert Miller
E75th Street townhouse
The Englanders also bought the Sackler family’s E75th Street townhouse for $38 million. Details of how the ex-couple’s vast property holdings are being split remain unknown.
google maps

Then in 2020 they bought a $38 million townhouse on E75th Street from the embattled Sackler family, which with their company Purdue Pharma has spent the past several years embroiled in scandal surrounding America’s ongoing opioid crisis.

The former couple also has a large waterfront estate in Greenwich, CT, estimated to be worth over $25 million which features six bedrooms and 11 bathrooms over nearly 10,000 square feet.

Israel also owns a $22 million apartment in Paris, bought in 2022. The former couple had listed their two Miami Beach penthouses, for a total of $45 million last year.

They have previously been named one of the top 200 art collectors in the world, and are also big figures on the New York philanthropy scene, having given millions of dollars to Jewish organizations, including the Jewish Museum.

Israel sits on the board of Weill Cornell Medical Center, and Caryl, a photographer, is chair of the board at the International Center of Photography.

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