Move over, Mustique; here comes Moskito. More than half a century after a British aristocrat turned a small Caribbean island into a luxury hideaway for royals and rock stars, a new generation of mega-rich masters of the universe has found a Caribbean playground of its own.

About 450 miles to the northwest of the Grenadine island of Mustique lies Moskito, a 125-acre patch of sand and rock in the British Virgin Islands, surrounded by a turquoise sea. For centuries it served as little more than an anchorage for passing sailors, but today the spending power of Silicon Valley is turning it into what one source described as “the most exclusive homeowner’s association in the world”.

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