Is Spain’s Mallorca turning into a new haven for the super-rich?

The News Craving

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DPA

The Spanish island of Mallorca has long had a reputation as a major low-cost party destination for German and British tourists. Pictures from its infamous Ballermann party beach showing guests drinking sangria from tubs say it all. Away from the nightlife strip, however, beautiful scenery and charming towns abound, including the picturesque old town of Palma – just one of the reasons the island has been increasingly attracting the world’s mega-rich. In October, the super yacht of billionaire Jack Ma, for a long time the richest person in China, was spotted anchored off the south-west coast of …

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