1. Leo DiCaprio (1)

1. Leonardo DiCaprio – Blackadore Caye, Belize

DiCaprio purchased this land in 2005 and the star once said he hopes to turn it into an eco-friendly island and resort. The reported costs for the island range from $1.75M to $24M.

Some of the world’s most famous celebrities have been known to purchase private islands for the enjoyment of them and their families.

While some of these celebrities enjoy the privacy these islands offer them, others have business plans for their tropical destinations.

Scroll through the gallery above to see which celebrities own a private island.

Do you think it is excessive to own a private island? Let us know in the comments below.