As for many super rich people with a net worth exceeding billion dollars, owning unique and expensive items becomes one of the spending habits they like most.
Some are interested in collecting private jets or supercars, while others fancy building luxury homes around the world, feeding expensive pets, buying costly jewelry or possessing chartered yachts.
However, some billionaires spend their money on incredible private islands for relaxation and business purposes.
For example, president of Tudor Investment Corporation, Paul Tudor Jones, bought a trio of private islands that are part of his 3,000 acre wildlife preserve on the Chesapeake Bay in Maryland.
Purchased by British business magnate Richard Branson in the 1970s for $200,000, the Necker Island in the British Virgin Islands now rents at over $50,000 per night
The Robins Island, off the coast of Long Island, was bought by American hedge fund manager Louis Moore Bacon for $11 million in 1993
Russian mogul Roman Abramovich intended to build a $400 million art museum on St. Petersburg's New Holland Island, which he bought in 2010
Skorpios Island, off the coast of Greece, once belonged to the late Greek shipping billionaire Aristotle Onassis and is now reportedly possessed by his granddaughter Athina
Australian-American actor and film producer Mel Gibson bought Fiji's Mago Island from a Tokyo-based corporation in 2005
American media mogul Ted Turner spent a huge mount of money buying St. Phillips Island and several hundred nearby acres in 1979
Owned by president of Tudor Investment Corporation, Paul Tudor Jones, a trio of private islands are now part of his 3,000 acre wildlife preserve on the Chesapeake Bay in Maryland
After buying a private company that owned 98 percent of Hawaii's Lanai in 1985, billionaire businessman David Murdock took control this island
Segway inventor Dean Kamen bought Connecticut's North Dumpling Island for $2.5 million in 1986
British twin billionaires David and Frederick Barclay bought Brecqhou, one of the Channel Islands, in 1993
Billionaire Richard Branson's Necker Island
Related links:
Luxurious Islands Of Celebrities
Billionaires’ Exotic Private Islands