5 Private Islands with Fantastic Prices, the Most Expensive in Hawaii

Islands can be bought and sold and privately owned. Quoting the Directorate General of Marine Spatial Management of the Indonesian Ministry of Maritime Affairs and Fisheries (KKP) website, in Indonesia, private island ownership is only permitted for Indonesian citizens (WNI). Island owners must also provide a conservation area and green space comprising up to 51 percent of the total island area.

However, the rules governing the sale and purchase of islands vary from country to country. So, what are some of the most expensive private islands in the world? Based on information from luxatic.com, here is a list:

1. Lanai Island (Hawaii) – US$500 million (Rp7.2 trillion)
2. Rangyai Island (Thailand) – US$160 million (Rp2.3 trillion)
3. Ronde Island (Grenada) – US$100 million (Rp1.44 trillion)
4. Necker Island (British Virgin Islands) – US$100 million (Rp1.44 trillion)
5. Macapule Island (Mexico) – US$95 million (Rp1.37 trillion)

Lanai Island in Hawaii is recorded as the most expensive private island in the world, priced at US$500 million or the equivalent of Rp7.2 trillion.

This island is known as Pineapple Island because in the past it was famous for its pineapple plantations. However, since 2012, 98% of the island has been purchased by Larry Ellison, CEO of Oracle Corporation, a multinational computer technology company headquartered in the United States. Now, Lanai Island is inaccessible to the general public.