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Billionaire Private Islands

Owning a private island is something very few people can even dream of. But some of the super-rich not only own a slice of paradise, they’ve also managed to turn these exotic destinations into a lucrative business opportunity.

L’Oreal billionaire heiress Liliane Bettencourt, for example, recently made headlines after selling her private island in the Seychelles for $60 million. While Oracle co-founder Larry Ellison’s half a billion dollar purchase of Hawaii’s sixth largest island in June is considered to be one of the most expensive deals in history.

We look at eight business tycoons who own private islands around the world. Our list of islands ranges from popular Caribbean island getaways to some of the most remote destinations — all in the quest for paparazzi-free privacy.

So, which billionaires own some of the world’s most expensive private islands? Click ahead to find out.

By Rajeshni Naidu-GhelaniPosted August 20, 2012.

Photo: Image Source | Getty Images