An Australian who has been living alone on a remote island for almost 20 years after losing his fortunes on the stock market is facing eviction from his solitary paradise.

David Glasheen, dubbed Australia’s Robinson Crusoe, has lived on tiny Restoration Island, off the north-eastern tip of Australia since 1993, accompanied only by his dog Quasi.

A former business man, he abandoned a high-flying life in Sydney after losing $AUS10 million £6.5 million in the 1987 stock market crash and his marriage ended.

Mr Glasheen, who is now in his late 60s, said he revels in the tranquility and privacy and has called himself as “the luckiest bloke in the world”. He lives off fish and crab and collects bananas, coconuts and native fruit, as well as growing his own vegetables and brewing beer.