Former Morgan Stanley CEO John Mack Lists $29.5M Caribbean Mansion
What You Need to Know In 2015, the Mack family started building a home on Virgin Gorda. Four years later, they actually moved in for good and then did an estimated $18 million renovation. But their kids would like to spend winter vacations elsewhere, so the home is now up for sale. In 2011, John Mack, the former chief executive officer of Morgan Stanley, was on a yacht in the British Virgin Islands with his wife, Christy, when the captain made an unusual suggestion to the couple. “Our captain said, you should go see this land that a developer wants to turn into a really premier resort area,” Christy Mack recalls. Even though it was what she says was a “cold, dreary, nasty, rainy day,” they got on a tender and met the developer, David Johnson, who showed them what would soon be the low-density, 400-acre enclave Oil Nut Bay on the northeast tip of Virgin Gorda in the British Virgin Islands. Soon after, they bought a raw piece of land in the development but struggled for years to find an architect (let alone a design) they were happy with. In 2015 they “traded in” the empty lot, putting the credit toward the purchase...
