A billionaire bought a dying Scottish island for $2.2 million and spent $135 million bringing it back to life with 100,000 trees, restored homes and new community spaces
- When billionaire hedge fund manager Ian Wace bought Tanera Mòr in Scotland's remote Summer Isles in 2017, the 800-acre island had little resemblance to the thriving community it had once been.
- Its historic buildings had fallen into disrepair, its population had dwindled and much of the land had become overgrown.
- Wace paid about £1.7 million for the island, equivalent to roughly $2.2 million at the time, but instead of turning it into a private luxury retreat, he began a vast regeneration project.
Unverified
- When billionaire hedge fund manager Ian Wace bought Tanera Mòr in Scotland's remote Summer Isles in 2017, the 800-acre island had little resemblance to the thriving community it had once been.
- Its historic buildings had fallen into disrepair, its population had dwindled and much of the land had become overgrown.
- Wace paid about £1.7 million for the island, equivalent to roughly $2.2 million at the time, but instead of turning it into a private luxury retreat, he began a vast regeneration project.
Sources: Times of India