Billionaire Paulson Buys Rest of Puerto Rico Tower, Ending Fight

Billionaire investor John Paulson has acquired full control of a luxury real estate development in Puerto Rico that has been at the center of a bitter legal dispute.

Paulson Puerto Rico is now the 100% owner of the Vanderbilt Residences, a 22-story beachfront residential tower being built in San Juan, the company said in a statement.

A legal fight over the tower erupted in 2023 when Paulson’s longtime business partner in the US territory, Fahad Ghaffar, argued he invested $11 million in the project for a 44% stake.

John Paulson

Source: Bloomberg

In numerous court filings, Paulson claimed that Ghaffar had no, ...