The Spanish Empire claimed the islands by discovery in the early sixteenth century, but never settled them, and subsequent years saw the English, Dutch, French, Spanish and Danish all jostling for control of the region, which became a notorious haunt for pirates. There is no record of any native Amerindian population in the British Virgin Islands during this period, although the native population on nearby St. Croix was decimated. The Dutch established a permanent settlement on the island of Tortola by 1648. In 1672, the English captured Tortola from the Dutch, and the British annexation of Anegada and Virgin Gorda followed in 1680. Meanwhile, over the period 1672–1733, the Danish gained control of the nearby islands of St. Thomas, St. John and St. Croix.
In 1917, the United States purchased St. John, St. Thomas and St. Croix from Denmark for US$25 million, renaming them the United States Virgin Islands. The British Virgin Islands were administered variously as part of the British Leeward Islands or with St. Kitts and Nevis, with an Administrator representing the British Government on the Islands. Separate colony status was gained for the Islands in 1960 and the Islands became autonomous in 1967. Since the 1960s, the islands have diversified away from their traditionally agriculture-based economy towards tourism and financial services, becoming one of the wealthiest areas in the Caribbean.
Source: wikipedia, Pobjoy mint