A decision as drastic as the crash of 1987, a crisis that destroyed absolutely all of its assets.
David Glasheen was an Australian billionaire living in Sydney.who had become rich through gold mining in Papua New Guinea. However, he was born into a professional family. His father was a lawyer and his mother a dietician. In his youth, after graduating, he worked in a tobacco industry and launched his own brand of ice cream.
But what catapulted him to riches was the advice of one of his friends, who told him about this area where gold was believed to be found. Nevertheless, he raised 2 million dollars to carry out the exploration, and he succeeded in 1980. From then on, his mining company began to grow and was listed on the stock exchange at 1.4 dollars per share.
David Glasheen
During the Crash of 1987, the financial crisis in the United States moved to Australia a day later. He decided not to sell his shares so as not to increase panic among investors, but at the end of the day they plummeted to 0.02 cents on the dollar.
The story of David Glasheen, the former multimillionaire who has been living alone on a desert island for more than 20 years
From then on his life changed dramatically. He began to take out loans to maintain his standard of living, became depressed, became an alcoholic and became lonely after his wife left him. Being covered in debt and pressured by the banks, he made the most shocking decision of his life: to go and live on an island as a castaway.
It was a piece of land, the Maalpiku Island National Park, or Restoration Island. Near the north of Queensland, 3200 kilometres from Sydney. Access is difficult, only by plane, then 50 kilometres on dangerous roads and finally a 15-minute boat ride. But for him it was worth it, it was a paradise of white sand and turquoise waters.
In 1997, he packed his bags with a few clothes, a flashlight, medicines, and hygiene products and moved. He never returned. He built a series of very precarious structures with the help of some friends and according to his philosophy of life, “every little item on the island can be used for something.”
That is, he went from a life of privilege to taking advantage of every resource that nature provides him, and living in the company of animals and nature. He is 80 years old, and only returns to the city when he needs to buy merchandise such as hygiene products or things that he cannot get naturally.
But he specializes in the production of craft beer, and since he knows how to make liquors and wines, he has a small bar to entertain visitors to the island.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
