What would you do if you were rich or famous? Some would say buy a mansion or luxury car. But for these wealthy people where to better put their money than on a private island. Here are 6 rich and famous people who bought their own private islands.  Aristotle Onassis Aristotle Onassis, the late Greek shipping tycoon and husband of former First Lady Jacqueline Kennedy, was one of the first to buy a private island. Skorpios, situated in the Iconian Sea, was the venue for the wedding of Aristotle and Jackie. Today, the island is now owned by Athina Onassis, Aristotle’s granddaughter. For decades, it has been rumored that the island is being sold but there are still no confirmed reports of such sale. Real estate appraisers have valued the island of Skorpios at over $100 million.  Larry Ellison Larry Ellison, founder and CEO of Oracle, purchased the island of Lanai, Hawaii’s sixth largest island. Although there is still no information about the amount of purchase, it was estimated that the purchase deal ranged between $500 to $600 million in cash. He purchased the island from David Murdoch of Dole Foods. Stretching along an 88,000 acre parcel of island, Lanai […]