Business

Warren Buffett, Johnny Depp Buy Greek Islands

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| July 20 , 2015 , 13:59 IST
US tycoon Warren Buffett and Hollywood actor Johnny Depp are the latest adds to a long line of wealthy businessmen and stars who have purchased Greek islands, the London-based real estate firm Proto Organization Ltd said. Jonny-&-Warren-700x400 Buffet along with Italian millionaire Alessandro Proto, a shareholder of the New York Times newspaper, bought the island of St. Thomas, which covers an area of 1.2 sq km, in the Gulf of Egina near Piraeus port, the firm announced this weekend. ALSO READ: ‘Warren Buffett’ of Arabia To Give Away 32 Billion Dollars In Charity The acquisition was concluded last week for 15 million euros ($16.25 million). Johnny Depp, too, became the owner of a small islet in Greece's Aegean Sea named Strongylo for 4.2 million Euros. ALSO READ: Johnny Depp’s Wife Summoned For Smuggling Dogs "At this time, Greece is a prey very coveted by several investors. After the new loan made by the EU, it is clear that this is the best time to invest in Greece," Steven Taylor, a spokesperson of Proto Organization Ltd. told Xinhua on Sunday. There are more than 40 private islands available for sale. Among the celebrities who have also expressed interest in buying a Greek island this summer are Hollywood stars Brad Pitt and Angelina Jolie, who are reportedly preparing to buy the Greek island of Gaia located in the Echinades complex in the Ionian Sea.