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Investing in Private Islands

Due to its proximity to the US, The Bahamas is popular with wealthy Americans—especially high-net-worth Americans and the Hollywood elite, who are seeking a bit of privacy in the cluster of 360 islands in the Exuma Cays. 

Wealth Daily
Tuesday, July 1, 2014
Tuesday, July 1, 2014
Paul Benson

Tuesday, June 24th, 2014 (Wealth Daily) – Ever dream about owning your own private island? Now is the time to pursue that dream!

Private islands, the ultimate status symbol, are generally associated with the jet set, royalty, Hollywood’s elite, and business tycoons.

In 2009, Aga Khan [pictured (stock)], a respected religious figure and one of the world’s richest men (with an estimated net worth of $800 million), reportedly bought the 349-acre Bell Island in The Bahamas for $100 million — the highest price ever paid for a privately owned island.

Richard BransonRichard Branson [pictured (stock)] bought his Necker Island retreat in the Virgin Islands for a mere $305,770 in 1979, converting it into a one-of-a-kind private island retreat after investing $10 million.

The island is available for $56,000 per night for you and 28 of your closest friends: quite a steal, relatively speaking.

This is an excerpt from Wealth Daily as it appeared on July 1, 2014. For updates or to read the current version of this post in its entirety, please click here.

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The Bahamas International Securities Exchange (BISX) has announced that the Nalbra Fund Inc and Lyndhurst Fund Corp have successfully completed the BISX Mutual Fund Listing Process and have now been added to the roster of funds listed on the exchange.

Prime Minister Perry Christie is heading a ministerial delegation to attend the 35th Regular Meeting of the Conference of Heads of Government in Saint John’s, Antigua and Barbuda.

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