C-Suite Lifestyle

The Private Islands Owned By Well-Known CEOs

Whether it may be considered as a trend or a need for privacy, many successful CEOs own idyllic islands with luxury amenities and places of indoor or outdoor activities. Let’s see which private islands are owned by famous CEOS.

  1. Necker Island: As soon as Richard Branson heard in 1978 that some of the islands in the British Virgin Islands were for sale, he decided to go there and find out any real estate market opportunities. He was stunned by the view and wildlife of Necker Island so he decided to purchase it for $120,000. According to the British Virgin Islands Law the new owner had to develop a resort. Branson committed to building a resort on the island. He spent an extra amount of 10 million dollars to turn it into a private island retreat. The whole island operates as a resort and can accommodate up to 30 guests. If someone wants to stay the total rent is about 102,500 dollars per day. The visitors with this cost have access to two beaches, private pools, tennis courts, scenic views, a personal chef, a team of about 100 staff and water sports equipment. A really bad moment for Branson was in August 2011 when a fire broke out at the island causing damages to the properties.
  2. New Holland Island (Saint Petersburg, Russia): Iris Foundation, founded by Dasha Zhukova and Roman Abramovich, owns the island since 2010. Basically, the island belongs to Roman Abramovich. He launched a new project amounting more than 10 billion dollars in order to make space for galleries and a museum to house some of his art pieces. Also, many other restorations took place in different parts of the region.
  3. The PTJ islands: The hedge fund manager and CEO at Tudor Investment Corporation Paul Tudor Jones owns a trio of private islands that spell out his initials. They are part of a 3,000 acre wildlife preserve he owns on the Chesapeake Bay in Maryland.
  4. Lanai: Larry Ellison, the co-founder of Oracle Corporation bought 98% of Hawaiian island Lanai in 2012 for an estimated $300 million. His dream is to turn it into a sustainable paradise and an even more attractive tourist destination. He even wants to create a well organized employee community there. Among his plans is to create a 100% green community. He is going to achieve this through his wellness company Sensei which main purpose is to use data to help people lead healthier and longer lives.
  5. North Dumpling Island: The island (Fishers Island Sound, Southold, New York) was bought  Dean Kamen, inventor of the Segway Human Transporter and founder of FIRST in 1986. The island, home to the North Dumpling Lighthouse, is located one mile off the coast of Connecticut. Kamen is said to refer to himself as “Lord Dumpling” or “Lord Dumpling II”. In addition to North Dumpling Lighthouse, the island has a replica of Stonehenge.
  6. Brecqhou: It is one of the Channel Islands, located off the west coast of Sark. Since 1993 the tenement of Brecqhou has been owned by the Barclay brothers, the co-owners of The Daily Telegraph newspaper and former co-owners of The Scotsman. The brothers bought the island for £2.3 million.
  7. Coast of Vancouver: Craig McCaw, founder of McCaw Cellular and Clearwire Corporation owns with his wife a 780-acre island off the coast of Vancouver. The island has many amenities and his worth is more than 70 million dollars.

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Maria Gourtsilidou
Maria Gourtsilidou is Senior Editor of Research and Data Analytics at the CEOWORLD magazine. She is responsible for driving thought leadership, using data analytics to showcase the company’s products and services, and fostering knowledge sharing between CEOWORLD magazine and client organizations. She studied Public Administration (Economics Of The Public Sector) in Greece and holds a Bachelor’s in Public Administration from the Panteion University of Political & Social Studies. Follow Maria Gourtsilidou on Twitter. Write at maria-gourtsilidou@ceoworld.biz.