The “world’s richest island” is now bankrupt after splurging on luxury imports like Lamborghinis and Ferraris
Once one of the wealthiest nations per capita, this picturesque island in Micronesia owes its prosperity to an unexpected discovery. Nauru, a Pacific Ocean country, is famous for its breathtaking coral reefs, white-sand beaches, and swaying palm trees, but its history is marred by foreign exploitation. In the early 1900s, a British company discovered an …