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Warren Buffett, Johnny Depp buy Greek islands

According ot the bailout terms set by the Eurozone, Greece is expected to monetise assets to help pay back the mammoth loan in lieu of which more than 40 private islands are available for sale.

IANS | July 20, 2015 | Updated 14:25 IST
Warren Buffett, Johnny Depp to buy Greek islands
Warren Buffet (Photo: Reuters)

US business 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.

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.

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.

"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.

According ot the bailout terms set by the Eurozone, Greece is expected to monetise assets to help pay back the mammoth loan in lieu of which more than 40 private islands are 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.

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