THE BAHAMAS: Plush Playground

Axel Wenner-Gren, one of the world's richest men, stretched his long legs in the lower-deck lounge of a New York-to-Nassau Stratocruiser last week and reflected with satisfaction on the progress of his newest enterprise. In his 73 years, Wenner-Gren has made fortunes in Electrolux vacuum cleaners and refrigerators, Bofors antiaircraft guns and Mexican telephones. But of late, his major interest has been building a fabulous tropical resort worthy of the monocled titles and Palm Beach socialites that Swedish-born Wenner-Gren (who started his career at 15¢ an hour in a New Jersey...

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