Tuesday, December 28, 2010

Richard Branson sells Virgin Islands resort

Various sources are reporting that billionaire Richard Branson has sold off Mosquito Island (also spelled “Moskito”) in the British Virgin Islands for the sum of $20.5M. The sale apparently happened back in August but only recently came to light.

This is the same island that Branson originally pledged to turn into a model sustainable resort — with 20 villas and a beachfront restaurant powered entirely by wind turbines and solar panels. He purchased the 124-acre beauty back in 2007 mainly because he was worried that someone else would destroy its natural beauty. The island sits only a mile offshore from Necker Island, Branson’s home in the Caribbean.

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