Lots of news with Aussie billionaires snapping up islands for luxury resorts.
Annie Cannon-Brookes has bought
Dunk Island off Queensland's coast with plans to develop a luxury resort there. A new development and luxury hotel on Dunk was destroyed by
Cyclone Yasi in 2011.
Casino billionaire
James Packer and pal, movie legend
Robert de Niro announced as far back in 2016 they were building a $250m luxury resort on the Carribean island of
Barduda where De Niro has purchased 25o acres. The partner's new resort will be built on the old
K-Club grounds which was wiped out in 2017 by
Hurricane Irma which damaged 95% of the island's buildings and infrastructure. Irma was so bad the island's inabitants, a little over 1300 decamped to nearby
Antigua while the US Ambassador begged for international assitance.
Presumably all Barbuda's citizens will be employed n the island's 3 resorts seeing collectively, they own the entire island although local laws mean they must agree to allow any development that will benefit the tiny nation.
