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How the rich are remaking Puerto Rico - The Grayzone

Summary by The Grayzone
Journalist Jeremy Loffredo travels to Puerto Rico to investigate how a new wave of U.S. crypto billionaires and wealthy transplants are reshaping the island. Drawn by tax breaks and lax regulations, these elites are buying up land, displacing locals, and transforming the entire Latin American country. Through on-the-ground reporting Loffredo unpacks how this economic invasion is eroding the island’s sovereignty under the guise of “investment,” e…
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The Grayzone broke the news in on Wednesday, May 14, 2025.
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