Billionaire Paulson eyes move to tax haven Puerto Rico

clock

Billionaire Wall Street hedge fund titan John Paulson is reportedly planning to move to Caribbean island Puerto Rico to cut his tax bill.

Paulson, who rose to prominence betting on the collapse of the US housing market, currently lives in New York, but has been looking at properties in Puerto Rico, Bloomberg reports. The country is now particularly attractive to the very wealthy, with a new law that leaves any capital gains accrued by residents free from tax. Paulson has almost $10bn (£6.7bn) invested in his own funds, and as such would be able to escape any capital gains tax on future gains the fund makes. The possibility of one of the world's best-known hedge fund managers moving to Puerto Rico underlines how the d...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read