Back on shore

Back on shore

In tough times, private island prices reel in
Published Aug 20, 2012 at 8:00 am (Updated Aug 20, 2012)


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(From The Los Angeles Times) Some people are happy collecting fast cars or nice watches. But the ultimate vanity purchase may be the private island.

Billionaire Richard Branson owns several. Magician David Copperfield has a dozen. Singer Celine Dion is trying to sell hers. And tech titan Larry Ellison is closing a deal to buy nearly all of the Hawaiian island of Lanai.

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