[custom_adv] 10. Eddie Murphy The actor reportedly purchased the luxurious island at a cool $15 million (Private Islands Magazine). Murphy’s new island is 15 acres and is nearby Nassau. Although it is unclear whether Murphy plans to turn the island into a resort, the island is reportedly the perfect place for a profitable business. [custom_adv] 9. Nicolas Cage According to the Hollywood Reporter, Nicolas Cage is the former owner of Leaf Cay, an Exumas Island. Apparently, the actor was planning on developing the island but was banned from doing so because his island contained an endangered Iguana species. The actor purchased the island in 2006. According to Private Islands Magazine, the island is located around Nassau next to another private island that is owned by none other than Johnny Depp. [custom_adv] 8. Mel Gibson Mel Gibson reportedly purchased Mago Island in 2005, for a whopping $15 million. The island, which is located in Fiji, is one of the largest in the South Pacific at 5,400 Acres. While some celebrities choose to turn their islands into a profitable business by turning them into private resorts, Gibson has chosen to do the exact opposite with his beloved private island. [custom_adv] 7. Tyler Perry He reportedly purchased White Bay Cay in 2009. The luxurious island is 25 acres and is located in the Bahamas. Unlike Gibson, Perry has chosen to build a home and guest bungalow on the island. Perry is also planning to build a spa, a tennis court and a marina. Even though Perry seems to be taking luxury to the extreme with his private island purchase, this isn't Perry’s first time in the private island business; White Bay Cay is actually Perry’s second island. [custom_adv] 6. David Copperfield He is basically the king of owning private islands. The star owns a whopping four private islands in the Bahamas for which he shelled out a cool $50 million. However, Musha Cay is the only private island that is owned by Copperfield that serves as a resort. According to Forbes.com, it costs $37,000 a night (with a minimum of a four night stay) to spend your vacation at Copperfield’s private island. [custom_adv] 5. Pamela Anderson Most guys get girls flowers when they want to win them over, but apparently that is just not rocker Tommy Lee’s style. The musician bought his ex-wife, Pamela Anderson an island in Dubai in order to win her over. Apparently Anderson was planning on turning the island into a resort. However, things didn't quite work out as planned. [custom_adv] 4. Julia Roberts It’s been said that Julia Roberts, like many celebs, owns an island in the Bahamas. [custom_adv] 3. Shakira Although many celebrities choose to purchase a private island all on their own, Shakira made the decision to buy her own paradise with some close friends. The singer shares ownership of Bonds Cay with Roger Islands and Alejandro Sanz. The island costs $16 million and is located in the Bahamas. It boasts 700 acres and already has private beaches, art galleries, and luxury hotels. [custom_adv] 2. Johnny Depp Spending your days on a private island with Johnny Depp is something dreams are made of. For one special lady, Amber Heard, this dream is a reality. Her husband Johnny Depp owns an island called Little Hall Pond in Exumas. Apparently, the actor fell in love with the island after filming one of the Pirates of the Caribbean movies there. According to Forbes.com, the actor purchased the island at $3.6 million. [custom_adv] 1. Leonardo DiCaprio He purchased his beautiful island in 2005, for a reported $1.75 million. The island is located between Belize and Ambergris Caye, boasts 104 acres, and is right by the famous Barrier Reef. The star, who is passionate about the environment, plans to turn it into a prime example of sustainable development. Luckily for us, DiCaprio even plans to open up his island to the public.