• Warren Buffett, chief executive officer of Berkshire Hathaway, pauses during a television interview in advance of a charity lunch with a group led by Courtenay Wolfe, chief executive officer of Salida Capital, at Smith & Wollensky in New York, U.S., on Monday, Feb. 22, 2010. Buffett, a billionaire who pledged the bulk of his fortune to philanthropy, said the need for charitable giving is unending. Photographer: Daniel Acker/Bloomberg via Getty Images

Warren Buffett buys Greek isle!

Would he be willing to advise on how to run a … state, successfully?

Warren Buffett, the billionaire US investor extraordinaire has reportedly bought the isle of Aghios (St.) Thomas, located to the northwest of the island of Aegina in the Saronic Gulf.
In a joint venture with Italian millionaire Alessandro Proto, the two men closed the deal by reportedly paying 15 million euros last Thursday. The pair released a joint statement saying they would invest in the property by developing the islet.
Buffet believes there a plenty of business opportunities in Greece at the moment, if someone is willing to invest.

agios thomas map

Agios Thomas on the map

alessandro-proto

Alessandro Proto

warren buffett

Warren Buffett

  • Bruce Keller

    Why does Alessandro have a huge, pirate-like, phallic substitute?

  • klhlist

    Bruce – it isnt him it is the photographer – that long stick with the hook is in almost all euro coffee houses to clamp and hang the daily papers on a rack, so all who wish can read them thru the day with coffee – it is just the photo has it at a particular angle that activates fantasies for people who are no familiar with them:)

    that is a small island so there is a demand for greek islands – Aegina is small enough – it will make a great private resort as it is a short hop from Piraeus.

    the greeks are so skilled at so many things – their jewelry in gold is stunning. The seafood is terrific – who wouldnt want to stay there for some time!