Hedge Funder John Paulson Follows His Own Advice, Picks Up A $3 Million Olympic Tower Pad

olympic towerAn apartment at 641 Fifth Ave.

John Paulson just forked out $2.85 million on a two-bedroom pad at 641 Fifth Avenue’s Olympic Tower condominium, The Real Deal reports.No word yet on whether Paulson plans to actually live in the apartment, especially since he owns a 28,000-square-foot home on the Upper East Side.

But no matter, he’s just following his own advice:

If you don’t own a home buy one.”

“If you own one home, buy another one, and if you own two homes buy a third.”

olympic tower

This latest purchase is a fraction of the size of the 86th street apartment, at 1,797-square-feet.

Records show that Paulson also haggled with the seller; the 26th floor apartment was originally listed for $3.15 million.

He dropped $14.7 million on the East 86th address in 2004.

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