Billionaire selling private island - UPI.com Billionaire Craig McCaw is selling James Island. SEATTLE, June 6 (UPI) -- A Seattle billionaire who purchased the world's most expensive car for $35 million is now attempting to sell his private Canadian island for $75 million. Craig McCaw, who sold his company, McCaw Cellular, to AT&T for $11.5 billion in 1993 and now runs high-speed wireless provider Clearwire, is attempting to sell the 780-acre James Island, part of British Columbia's Gulf Islands, with an asking price of $75 million, Seattlepi.com reported Wednesday. The island currently hosts an 18-hole golf course, a 5,000-square-foot residence, six guest cottages, private docks, an airstrip, a pool house and a "western village." McCaw said he is selling the island because his family has "the perfect storm of kids' activities and no one wants to be left behind." McCaw recently purchased an apple-green 1962 Ferrari 250 GTO, one of only 39 GTOs made from 1962 to 1964, for $35 million.