Billionaire Ian Wace bought a $2.2 million Scottish island in 2017. Now, his $135 million Tanera Mòr revival has restored 50+ buildings, planted 100,000 trees and rebuilt a lost community

Billionaire hedge fund manager Ian Wace bought Scotlands remote Tanera Mòr island for about $2.2 million in 2017, when its historic buildings were deteriorating and its population had dwindled. What began as an island purchase has since grown into a $135 million regeneration project, with more than 50 buildings restored, 100,000 trees planted, farmland reclaimed and traditional Scottish crafts revived.

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