Formula 1 driver Lewis Hamilton has reportedly paid out £20m on a luxury Caribbean hotel and beach resort.
Hamilton is now the proud owner of the Grand Beach in Grenada, and the lucky boy also received £10m worth of beach-front land from the government.
The driver, guest of honour at Grenada's Independence Day, was given the land to become the "face of the island" where his grandfather lives as part of a four-year tourism drive.
But things are not as squeaky clean as one would hope for, as the fresh-faced gazillionnaire is now the subject of an inquiry launched by Prime minister Tillman Thomas into the deal, struck before he took office, after allegations it deprived taxpayers of millions in land fees.
The deal is reportedly part of a strategy Lewis's advisers devised for his expected earnings of £75m over the next five years...Credit crunch? What credit crunch?