Billionaire selling private island

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 recently purchased an apple-green 1962 Ferrari 250 GTO, one of only 39 GTOs made from 1962 to 1964, for $35 million.