with Cliff Michelmore
In 1961, for reasons which had nothing to do with naval strategy, the Aga Khan spent £180 million to obtain just 90 miles of Sardinia's north-east coastline. He and his friends dreamed of transforming it into the world's most sophisticated playground - a rival to the Riviera, a counter to the Caribbean.
The Costa Smeralda has now become a holiday paradise where the rich and beautiful people go to relax.
If the thought of that money makes you nervous, you may find it easier to relax with a caravan holiday in Tenby, on the South Wales coast.