10 Richest Private Island Owners

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Russian billionaire Roman Abramovich spent $400 million on buying New Holland Island, a collapsing ex-military base in a St. Petersburg canal. He intends to transform the island into a cultural center. The bid to run the island was won by Abramovich and is the latest of Abramovich's lavish spending sprees. The newly formed company will now invite architects to bid for the contract to transform the 18-acre island, which will take about six years to complete. New Holland island was created in the 18th century through the construction of two canals and gains it name from its resemblance to areas of Amsterdam. Bornrich.com 

  10 Richest Private Island Owners -- The Richest 

There’s nothing like owning an island to tell the world you’ve made it – that you are, in fact, wildly successful. Owning an island used to be more mysterious and less publicised than it is nowadays. Billionaires have always been secretly running off and buying remote pieces of property for their own delights, but then Hollywood got on the bandwagon and now almost every star owns a private getaway somewhere. Tom Hanks, Leonardo DiCaprio and Johnny Depp are just a few well known island owners, and although they didn’t make the list of richest islands, they sure make owning an island look cool, and have contributed to the popularity of the island as a status symbol.

We might all dream about what we’d do with our very own private annex; would we open it up to world, make it a party spot, or keep it a well-preserved secret tucked away from the world? Have a look at what these 10 wealthy people did with theirs; we’ve ranked them by the huge costs of their islands, which typically correlates with huge net worths.

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My Comment: It is all about location .... and this location (New Holland Island) is in one of the best spots in St. Petersburg, Russia.

Update: Here is another great list of islands.