You might be surprised to know that only two billionaires reside in the Caribbean. Meet a couple of “crazy rich” Caribbean people!
With such incredible white-sand beaches, and breathtaking mountainous landscapes, it’s surprising that the Caribbean isn’t home to more billionaires. Perhaps it’s simply because most of them find it easier to make their money elsewhere, and come to vacation here every once and awhile.
After all, after Europe, the Caribbean is the top vacation destination for the world’s richest 1 percent and 5 percent.
Only two billionaires currently live in the Caribbean. However, neither of them were born there.
Born in China, Xu Wu now calls the Caribbean country of St. Kitts home. He is the chairman of Chongqing Sincere Holding Group, one of the largest real estate developers in the central Chinese city of Chongqing.
After obtaining an MBA degree from Chongqing University in 2001 and graduating from the CEO education program of China Europe International Business School in 2007, this billionaire made a fortune as an entrepreneur. Previously, he worked in state-run construction businesses.
Currently, the 49-year-old is listed at #1818 on the list of the world’s richest people, with a net worth of $1.2 billion.
Currently worth $1.4 billion, Myron Wentz is the richest person in the Caribbean. He is the founder and chairman of USANA, a nutritional supplement and skincare product company. At this time he owns 49% of USANA’s shares. Made public in 1996, the company trades on NASDAQ and has $1 billion in net sales. He is currently listed at #1349 on Forbes’ list of the richest people in the world.
He first became wealthy thanks to his company Gull Laboratories. Founded in 1974, the company sold diagnostic equipment to hospitals and labs. Wentz sold Gull Laboratories in 1994 to a German firm for $22 million.
After renouncing US citizenship in the mid 1990s, Wentz became a citizen of St. Kitts & Nevis, a Caribbean country known for being a tax haven. However, the 79 year-old currently resides on the island of Grand Cayman in the Cayman Islands. It’s no wonder he chooses to live there, since the Caymans are known for incredible snorkeling. According to Forbes, that’s one of Wentz’s favorite pastimes, when he’s not watching videos about coral reefs on YouTube.
In addition, he spends much of his time at Sanoviv Medical Institute, a holistic care center he founded in 1998 in Rosarito, Mexico.
Living the luxurious life
You don’t have to be a billionaire to live a luxurious life in the Caribbean– or at least have a luxurious Caribbean vacation! Live like a king or queen for a day (or a week) with your own private Caribbean villa!
Like reading about the lives of crazy rich Caribbean people? You’ll love these articles too:
Main image: Flickr / Steve Jurvetson
More from People
An anonymous donor paid for Bruce and Narcene Campbell to take an emergency medical flight back to the United States …
Miss Jamaica Universe stepped onstage in a magnificent jeweled, feathered costume that has many Jamaicans confused and bewildered. It's customary …
"The Legend of Cocaine Island" tells the true tale of a Florida man who attempted to sell illegal Caribbean "treasure" …