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Billionaires Buying Islands Off Australia Find Perilous Paradise


Billionaire William Han perches at the stern of Silver Fox II, his 20-meter powerboat, as it weaves through the kaleidoscopic coral wonderland that is Australia’s Great Barrier Reef.

In these pristine tropical waters in 1954, then-27-year-old Queen Elizabeth II and her consort, Prince Philip, escaped official duties to swim and spearfish during a six-month post-coronation world tour. Sixty years on, the secluded headland off which Their Highnesses frolicked is part of Han’s kingdom, Bloomberg Pursuits will report in its Spring 2014 issue. “Welcome to my island!” he says, leaping onto a wooden jetty leading to a sandy, palm-fringed shore.