Paul Jones (1917–1930) was an American Thoroughbred racehorse that was the sixth gelding to win the Kentucky Derby.

Paul Jones was foaled in the same year as Man o' War, winner of the 1920 Preakness and Belmont Stakes and one of the most influential sires of the 20th century.

Ridden by Ted Rice, he won the race by a nose after staving off Upset, who showed impressive speed on the home stretch, and On Watch, who was a close third.

Paul Jones raced for a total of five years and, being a gelding with no career at stud, was given to his trainer, William Garth, for use as an exercise pony.

In 1929, Paul Jones was pensioned by Garth to live the remainder of his life at the Inglecress Farm near Charlottesville, Virginia, also the final home of 1911 Kentucky Derby winner Meridian.