Vacationing With Mr. B.(celebrities in Sardinia)

What's new, Salvo?" my paparazzo friend is sipping caipiroska in a seaside cafe, watching the yachts anchored off Porto Cervo. The smallest is 40 meters. It's cocktail time, and he's taking a break from chasing celebs all day. "I got Gwyneth Paltrow on Valentino's boat. Liz Hurley, too. But I'm still looking for Eric Clapton. He should be at Peter Gabriel's villa."

There's no place like Sardinia's Costa Smeralda for stalking stars in summer. Marbella, St. Tropez? Not even close. "Tonight Roberto Cavalli is throwing the wildest party," Salvo informs me breathlessly. The Sultan of Brunei could be there, though probably not Silvio Berlusconi, Italy's prime minister. Among the world's richest men, he owns four villas in Costa Smeralda: one each for his mother, his brother, his eldest son and himself. Salvo's fondest dream is to snap Berlusconi on holiday, preferably with a woman other than his wife. The picture would be gold--not worth as much as Princess Diana and Dodi Fayed's first and last kiss here in 1997, but enough to make his season. My friend is practically salivating.

Casually, I mention that I'm vacationing with Mr. B--or rather with three of them, all oddly linked to the real Mr. B by no more than a degree of separation. Salvo looks confused. Berlusconi recently bought a fifth piece of land for a fifth villa, I explain. He got it from another Mr. B--the most powerful man on the Costa, Tom Barrack, a Californian descended from a Lebanese grocer. This second Mr. B also just paid $340 million for a chain of luxury hotels in Porto Cervo, including the sumptuous Cala di Volpe. "I'm having breakfast with him tomorrow." As it turns out, Barrack is aiming to develop some virgin shoreline but fears being blocked by local zoning authorities, who didn't let even the Aga Khan (the famous bazillionaire playboy-prince who essentially founded the Costa Smeralda) build on the site when he once owned the land. Will they now let Barrack fire up his bulldozers? I bet they do. The two Mr. B's are now ...