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Angelina Jolie didn't buy heart-shaped island for Brad

Tuesday, 26 Nov 2013 | 11:40 AM ET
Did Angelina Jolie buy a private island?
Tuesday, 26 Nov 2013 | 11:45 AM ET
CNBC's Robert Frank debunks rumors Angelina Jolie bought a private island for Brad Pitt's 50th birthday.

It was a nice thought.

But according to people close to the situation, Angelina Jolie did not buy a private island in upstate New York for Brad Pitt's 50th birthday.

"We have no idea how this rumor got started," one person said. "The property is still on the market."

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Reports have been swirling around the Internet—from the Daily News, Daily Mirror and others—that Jolie bought Petra, a heart-shaped private island on Lake Mahopac in upstate New York, for a 50th birthday present.

The property, called Petra, sits on an 11-acre island and has a 5,000-square-foot house that was based on designs from Frank Lloyd Wright. It also has a cottage designed by Wright.

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People close to the situation said the island is still on the market for $19.9 million. They said that they have never received any calls or inquiries from Pitt or anyone connected with the couple.

(Read more: Miami—the new Hamptons?)

"I don't even think this would be right for them," said one person close to the property. "It's not really private enough."

—By CNBC's Robert Frank. Follow him on Twitter @robtfrank.

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  • A reporter and editor, Robert Frank is a leading authority on the American wealthy for CNBC.