Zita Cobb takes on the ultimate entrepreneurial project

Millionaire Zita Cobb has set her sights on transforming a windswept Canadian island into an artist's paradise.

When she retired at 42 as one of Canada's richest women, Zita Cobb "did what most people just dream about", says The Toronto Star. "She spent four years sailing around the world on a 47-foot yacht."

Now Cobb has returned to the tiny Newfoundland island of Fogo a barren rock set amid the churning, icy waters of the North Atlantic intending to spark "a cultural and economic revival". This April, she opens the island's first hotel.

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