Angelina Jolie and Brad Pitt

Brad Pitt and Angelina Jolie just completed purchase of an island off the coast of Dubai. In the shape of Ethiopia, the island is part of the luxury man-made development known as "The World" (pic below). Emirates Today reports:

The Hollywood couple intend to use the reclaimed piece of land to showcase environmental issues and encourage people to live a greener life. Representatives of the pair in the US and other reliable sources had confirmed the purchase had gone ahead. But state-owned Nakheel, the firm behind the development called "The World", declined to comment, the paper said. Prices for the islands range from six million to 36 million dollars. (Source)

This is just one more example of poor money management by the rich and famous. Who's advising these people? For the same amount of money these two spent on a replica island of Ethiopia, these rocket scientists could have bought Ethiopia!

A word of advice to the wanna-be real estate moguls: Next time you're looking to purchase some land in a violent, Third World hellhole, don't dismiss New Jersey. There's deals to be had.

UPDATE: Brad's rep is denying the story. And the Holocaust. What an asshole.