John Paulson eyes tax move to Puerto Rico, report says The 57-year old billionaire, who lives near New York's Central Park, has looked at properties in an exclusive area on the island of Puerto Rico, according to Bloomberg. Puerto Rico has been luring wealthy immigrants with a new law that leaves any capital gains accrued by residents free from tax. Given Mr Paulson has almost $10bn (£6.7bn) invested in his own funds, he will 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 debate over tax is becoming more vexed as western governments seek to raise more revenue and the world's wealthiest have an increasing choice of locations offering them a lower rate. In a rare public intervention in 2011, Mr Paulson attacked the Occupy Wall Street movement, which marched outside his townhouse, for ignoring the contribution that New York's richest make to the City's tax take. "Instead of vilifying our most successful businesses, we should be supporting them and encouraging them to remain in New York," Mr Paulson wrote. Although Mr Paulson achieved prominence and a fortune estimated at $11.2bn by successfully anticipating the slump in US house prices, his funds are reported to have fared less well since. He has admitted underestimating the severity of Europe's debt crisis and overestimating the strength of the US recovery. Paulson & Co, which is one of the biggest shareholders in Puerto Rico's largest bank, said that "while we have looked at real estate investments in Puerto Rico, we have not made any investments," but declined to comment on the founder's personal plan. Mr Paulson, who is married to his former assistant and has two children, looked at properties in Condado, an upmarket area of Puerto Rico's capital San Juan, according to the report.