Colombian born singer, Shakira, apparently already has a paradise of her own, after buying her own island in the Bahamas. In order to do this, she has formed an association with Roger Waters of Pink Floyd, as well as noting the interest of Spanish singers, Alejandro Sanz and Miguel Bose. 

The two stars have created 'Bonds Cay', an island of 700 acres situated north of the Bahamas and 125 miles from Florida. The island, that has five beaches and three bays as well as numerous waterfalls and rocky areas, was acquired by the association for $16 million.

Both Shakira and Waters have stated that they are intent on building a luxury hotel on the island, as well as a number of other residences with private beaches. Both Spanish singers have acquired land on the new island, and are expected to build mansions there next year.

The photo shows the Colombian singer during a speech in San Salvador yesterday as part of her duties as 'Good Faith' ambassador for UNICEF.