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Want to know how the rich and famous live? Well, there is nothing that spells success than owning your own personal island paradise. We can just imagine how private islands, with their bare beaches, spectacular 360-degree views and delirious isolation, are coveted by billionaires and celebrities alike. The main objective here in owning an entire island is the word "private." It gives one a feeling of seclusion, isolation, away from the prying eyes with a huge body of water serving an effective barrier to the outside world. However, owning a private island is now getting scarce. Most have been turned into resorts and others into government conservation areas. Nonetheless, there are still private islands which one can rent, for a considerable sum of course. So just to give you a fair idea of how much a nigt on these islands could cost, here's a list: