Russian billionaire has a $200 million plan to convert a Greek isle into his own private art island

Published by
Bill Giannopoulos

Patrolled by snipers, the project will be a lavish 007 liar with a luxury resort, helipad, spa, horse stables, and a marina for superyachts.

Greek ministry of the environment

Russian billionaire Dmitry Rybolovlev is renovating the tiny Greek island of Skorpios into a haven of luxury with $200 million to spare.

The 200-acre island was where the former First Lady Jacqueline Kennedy married Aristotle Onassis (Greek shipping tycoon and then owner of Skorpios) in 1968.

However, in the coming days, Skorpios island will forever be known as Rybolovlev’s Art Island which will reportedly house his art collection.

The VIP Complex.

Accommodation will be top-notch in a luxury hotel known as a “VIP complex,” where guests may rejuvenate in a spa or unwind in the sports complex.

Other additions on the first-of-its-kind art island will be a conference center, a football pitch, and an equestrian center, presumably a significant draw for horse-riding billionaires.

Similarly, superyacht-sailing billionaires will also be attracted to the upscale tourist destination owing to an expansive harbor to accommodate large yachts.

Accommodation will be top-notch.

Come 2024, the tiny Greek island of Skorpios will open its opulent gates to the affluent and artsy alike.

Skorpios will bring visitors closer to nature with a farm and vineyard, while an amphitheater will provide entertainment. VIP guests from around the world can be whisked in and out swiftly from the helipad (the island is only accessible by helicopter).

The Rybolovlev family plans to use the space as private property for some duration while the rest of the year, and the island will be available for rent.

No more than 50 guests can stay at the Art Island at a time for a massive amount. The minimum accommodation cost will be $1-$2 million per week to rent out the entire complex.

Tycoon Dmitry Rybolovlev envisioned an opulent utopia after whipping the property away from fellow Russian Roman Abramovich, who was also keen on purchasing Skorpios.

Other prominent businessmen in line were Giorgio Armani and Bill Gates. Rybolovlev beat them all and bought Skorpios on a 99-year lease for $150 million in 2013.

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Greek City Times 2025
Bill Giannopoulos

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