Francis Ford Coppola has sold his private island in Belize for $1.8 million. The sale follows the financial disappointment of his recent film Megalopolis. The director, known for classics like The Godfather, owned the island as a personal retreat.
Sale Details
Francis Ford Coppola, the acclaimed director behind Megalopolis, has completed the sale of his Belize island property. The transaction was reported at $1.8 million, marking a notable real estate move for the filmmaker. This development comes in the wake of Megalopolis's financial underperformance at the box office.
Context on Megalopolis
Megalopolis, Coppola's passion project, faced challenges in recouping its substantial budget. The film's release highlighted the risks of independent filmmaking in a competitive market. While specific loss figures are not detailed, the project's outcome has prompted personal financial adjustments, including the island sale.
The Belize island served as a private getaway for Coppola, reflecting his long-standing interest in exotic locales. No further details on the buyer or future plans for the property were provided in reports.