Nauru, the Richest Island in the World.
The economy has historically been based on phosphate mining. With primary phosphate reserves exhausted by the end of the 2010s, Nauru has sought to diversify its sources of income.
Nauru is a phosphate-rock island with rich deposits near the surface, which allowed easy strip mining operations for over a century.
The government of independent Nauru gained control of phosphate operations in 1970, and in the 1980s Nauru was for a time one of the wealthiest countries in the world in terms of gross domestic product per capita.
Years of rampaging property prices have made Australians the richest country in the world, but a world of pain could also be in store if global economics take a turn for the worse.
Australia will provide a $40 million grant finance package to Nauru, including $30 million through the Australian Infrastructure Financing Facility for the Pacific, to upgrade Nauru's international airport.
Sampson Cay – John Malone
Malone isn't the only prominent billionaire to own an island in the Bahamas, though. LVMH Chairman and CEO Bernard Arnault, the third-richest person in the world, holds the deeds to nearby Indigo Island.
Lanai Island In Hawaii
Lanai Island is the most costliest island in the world. Famous as the Pineapple Island, this island was bought by the owner of Oracle, Larry Ellison.
Palmyra is the most expensive island ever sold! In a bid to preserve one of the most pristine places left in the tropical Pacific, the Nature Conservancy purchased the Palmyra atoll 23 years ago for $30 million, making it the most expensive island...
An investment firm led by the billionaire Stephen Deckoff has bought two private islands in the U.S Virgin Islands previously owned by the late notorious sex criminal Jeffrey Epstein. Deckoff, the founder of the private equity firm Black Diamond Capital Management, purchased the two islands for $60 million.
The resort island of Saint Barth has an international reputation for luxury and grandeur. Before the 1960s, its 2000 inhabitants lived off of fishing and artisanal crafts.
According to the 2022 Knight Frank Wealth Report, the cities of New York, Tokyo and Paris have become the most popular places to live for billionaires. London and Los Angeles are next.
In the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits on Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run out of Phosphate the country's GDP declined by more than 90%.
Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $234.5 billion.
Australia has used Nauru since July 2013 to detain asylum seekers who travel to Australia by boat. Some were also sent to Papua New Guinea's (PNG) Manus Island for processing, with all of them told they would never be allowed to settle in Australia.
Bir Tawil – The Ignored Sand-dom
While the two countries dispute over the Hala'ib Triangle, Bir Tawil has been lying there unclaimed since 1899. It has been claimed by many people – one of those being Suyash Dixit, the man who invited the world over to his self-styled government in the “Kingdom of Dixit”.
Devon Island is the largest uninhabited island in the world, measuring 21,331 square miles. Devon Island is the largest uninhabited island in the world, measuring 21,331 square miles. As a comparison, it is a bit smaller than Croatia. Devon Island is situated in Baffin Bay, Nunavut, Canada.
The Falkland Islands in the South Atlantic feature a number of private islands, typically run as sheep raising family farms and tourist destinations. Prominent among these is Weddell Island, one of the largest private islands in the world, with a surface area of 265.8 km2 (102.6 sq mi).
#1: New York
New York is the wealthiest city in the world—home to 345,600 millionaires with a total private wealth that exceeds $3 trillion. New York is home to many Fortune 500 companies and is the financial heart of the United States, with the New York Stock Exchange and NASDAQ located in the Big Apple.
The paradise islands just off Cornwall owned by Prince William.
Between 2014–15 and 2018–19, after adjusting for inflation, the median gross weekly personal income for Indigenous Australians aged 18 and over fell by 5.6%, from $518 to $489 (Figure 1).
The world's 12th largest economy
Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy. Notes: 1. Across 196 economies.
China Exports to Australia was US$78.83 Billion during 2022, according to the United Nations COMTRADE database on international trade. China Exports to Australia - data, historical chart and statistics - was last updated on June of 2023.