This island is owned by Formula 1 driver Michael Schumacher. The $7 million piece of land was gifted to him by Dubai’s crown prince, Sheikh Mohammed bin Rashid Al Maktoum upon his retirement from motoro racing. It is located off the Dubai coast (or in the Arctic / Antarctic depending upon which newspaper article you believe).
The reason for the confusion over its location is that "The World" is a manmade island development - 300 islands - located off the coast of the United Arab Emirates, & Schumacher's island is part of 'Antarctica' on the artificial globe! Other big names such as Richard Branson, Angelina Jolie, Brad Pitt, Michael Jackson, David Beckham & Rod Stewart are also rumored owners of parts of The World!
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