Armani Beats Gates and Abramovich to Buy $190 Million Island !

Legendary Italian fashion designerGiorgio Armani has reportedly become the proud owner of one of the world’s most beautiful and expensive private island – Skorpios (above). In closing the deal, said to be worth about $190 million according to reports in the European press, the designer faced stiff competition from rival bidders including Bill Gates, Roman Abramovich and Madonna. Located in the Ionian Sea off the western coast of Greece, the island formerly belonged to famed Greek shipping billionaire Aristotle Onassis and was the site of his wedding to Jackie Kennedy in 1968. It was sold to Armani by his granddaughter and heiress Athina Onassis Roussel. There is a lavish villa on the island known as the Pink House which Onassis built for Jackie, along with tennis courts and plush gardens, though most of the island remains undeveloped and pristinely beautiful.