According to the New York Times, the Wolf of Wall Street actor bought 104 acres of Blackadore Caye off the coast of Belize with a partner.
Dicaprio, 40, reportedly liked the location 10 years ago when he went for the first time. "It was like heaven on earth," DiCaprio told the New York Times. "And almost immediately, I found this opportunity to purchase an island there."
But DiCaprio isn't keeping this island private and for himself. The actor is an environmentalist and is making sure the resort is both eco-conscious and restorative for the island.
"With the onset of climate change, there are huge challenges, so we want the structure to not only enhance and improve the environment, but to be a model for the future," he said. "That includes restoring the island, creating conservation areas where we can hold research conferences, and regenerating the entire ecosystem to bring it back to its original form and beyond."