Owner of Electrolux, a leader in vacuum cleaner and refrigeration technology, Wenner-Gren sold his home on Paradise Island and extensive property to George Huntington Hartford II, heir to the vast A&P (Atlantic & Pacific Tea Co) grocery fortune. He built a new home, which he then sold to Swedish industrialist Dr Axel Wenner-Gren–one of the wealthiest men in the world in the 1930s. They have bought substantial tracts of land, developed a harbour, constructed luxurious getaways and beautified parts of the island.Įdmund Lynch, co-founder of the Merrill Lynch & Co brokerage firm, was one of several wealthy Americans who owned property on Paradise Island in the early 20th century. ![]() ![]() With miles of powdery beaches and endless sea and sky vistas, it is little wonder that this 826-acre slice of paradise has attracted celebrities, tourists and second-home buyers from around the world for decades.įor more than half a century, a succession of wealthy foreign investors have fallen in love with Paradise Island. Two bridges separate the city of Nassau from this small, but perfectly formed, tropical island. ![]() Paradise Island is a destination famed for two things–tremendous wealth and tremendous beauty. In New York, it is Fifth Avenue and in The Bahamas it’s Paradise Island–one of the most upscale “neighbourhoods” in the nation.
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