The Economic Times published a great article on the advantageous of renting a private island. The article notes that unlike many other things that the rich like to indulge in, private islands come in short supply and are finite. The article also acknowldge that islands are in very short supply, and they are not increasing—what’s existing now is the only supply.
The most precious of them are in the Caribbean and the US Virgin Islands. Billionaires own them, but you can experience the life for a while. The good news is that most of such owners, who include people like Richard Branson, are ready to rent them out. You can also get the island where Marlon Brando lived for years in rustic fashion on Tetiaroa in French Polynesia.
The article makes a point of acknowledging that renting an entire private island is not in everyone’s budget and recommends renting part of an island. “Castles with six or more bedrooms, and those with a celeb touch to it fetch around $2000 a night”. The properties that cost more are like the castle where actress Gwyneth Paltrow got married, but still they are much more affordable.
Hollywood couple Brad Pitt and Angelina Jolie rented an entire island so that their six children could celebrate Easter in peace. Brangelina, as they are called by the tabloids, took their children to the Venetian island of San Servolo for a day of Easter activities. “From now on that island will fetch a higher rent,” says Pande, which might work out to around $200,000 for just one week.
To read the full article click here.