Peter M. Brant

Peter M. Brant
Born (1947-03-01) March 1, 1947 (age 70)
New York City, New York,
U.S.A.
Residence Greenwich, Connecticut, U.S.
NationalityAmerican
Alma materUniversity of Colorado Boulder
OccupationChairman of White Birch Paper, Brant Publications, Brant Foundation
Net worth$500 million (in 2010)
Spouse(s) Sandra Simms (m. 1969-95)
Stephanie Seymour (m. 1995-2010)
Children with Simms:
--Christopher Brant
--Ryan Brant
--Kelly Brant
--Allison Brant
--Lindsay Brant
with Seymour:
--Peter Brant, Jr.
--Harry Brant
--Lily Margaret Brant
--Dylan Andrews (stepson)
Websitewww.peterbrant.com

Biography

‹ The template Infobox person has been considered for merging. › Peter M. Brant (created March 1, 1947) can be an American industrialist, businessman, artwork collector and philanthropist.

Early life and education

Brant grew up in Jamaica Estates, Queens, a years as a child friend of Donald Trump. Brant's dad, Murray Brant – who emigrated from a little town close to the boundary of Romania and Bulgaria – cofounded the paper converter (mainly switching paper into newsprint) Brant-Allen Sectors along with his cousin H. Joseph Allen. Brant went to the College or university of Colorado but didn't graduate instead departing to function for his father's business.

Career

Newsprint

Brant visited just work at Brant-Allen Sectors, a paper transformation business co-founded by his dad, Murray Brant. In the first 1970s, Brant and a cousin, Joseph Allen — the boy of Murray Brant’s business partner — led the business into the making side of the business enterprise and expanded the business into paper mill (switching pulp into paper) possession investing in a mill in Rivière-du-Loup, Quebec and partnering using the Washington Post and Dow Jones to get a mill in Ashland, Virginia. In the first 2000s, as paper demand continuing to decrease, Brant embarked on the buying spree investing in a second Quebec mill in 2004 for $205 million (from Enron) and another Quebec mill in 2006 for $135 million. In 2008, he bought out his partner and transformed the name of the business to White colored Birch Paper Business. Also in 2008, he bought SP Newsprint Co for $305 million, a newsprint producer with procedures in Oregon and Georgia. The buy offered Brant control of 22% from the UNITED STATES newsprint marketplace, second to AbitibiBowater with 43%. Brant extended SP Newsprint into paper recycling working 23 recycling services through its SP Recycling device.In 2007, Brant deflected any talk of an imminent bankruptcy and appeared unbowed and upbeat for a guy who said he personally has misplaced $1 billion in the span of 2 yrs. In a courtroom filing around that point, he stated the ailing newsprint marketplace and the tough economy acquired slashed his net value to significantly less than $500 million from $1.4 billion that calendar year.In February 2010, White Birch Paper restructured in Chapter 11 proceedings, because of extreme debt and declining demand for newsprint. The business emerged from personal bankruptcy in January 2012 and shut its primary pulp and paper mill in Quebec Town, sending home a lot more than 600 employees. White Birch possesses two various other mills in Quebec, Canada and one in Ashland, Virginia. In 2012, Brant pledged some of his artwork collection as protection to purchase Light Birch Paper out of personal bankruptcy together with Dark Diamond Capital Administration LLC for $94.5 million in cash and $78 million with debt. Brant continues to be as CEO of Light Birch Paper.In November 2011, SP Newsprint Co filed for Chapter 11 bankruptcy because of extreme debt and declining demand for newsprint. SP Newsprint operates two mills in Dublin, Georgia and Newberg, Oregon and 23 recycling services. In Sept 2012, SP Newsprint was bought out of personal bankruptcy by SP Fibers Technology LLC for an undisclosed quantity.IN-MAY 2016, the one-time billionaire merged the magazines Art in the us with its primary competitor ARTnews. Artnet Information reported his firm announced the ARTnews would visit a quarterly publication timetable, down from regular. The latter acquired run articles asking if the Brant Base was a taxes scam or a skill investment vehicle.IN-MAY 2017, White Birch Paper announced that it could idle paper building procedures at its Bear Island newsprint mill in Ashland, Virginia. The Carry Island mill created 240,000 metric a great deal of newsprint annually.

Brant Publications, Inc.

Brant may be the owner and chairman of Brant Magazines, Inc., situated in NEW YORK, founded in 1984. BPI publishes four journals: Interview was founded by musician Andy Warhol and John Wilcock in past due 1969. These interviews had been generally unedited or edited in the eccentric style of Warhol's books as well as the Viewpoint of Andy Warhol: From A to B and AGAIN. Brant Magazines began posting Interview soon after Warhol’s loss of life in 1987. The publication famous its 40th wedding anniversary this year 2010. The publication Antiques is usually a regular monthly arts publication that targets architecture, home design, and good and ornamental arts. Regular regular monthly columns include information on current exhibitions and art-world occasions, records on collecting, and publication reviews. The publication was founded in 1922 and underwent an entire redesign in '09 2009. Art in the us can be an illustrated regular monthly, international publication focusing on the modern art world. It's been released since 1913. Contemporary, was launched in '09 2009 and it is a publication devoted to style, ornamental arts and structures.

Film producer

Brant’s fascination with artwork also led him into film production. He was a manufacturer of L’Amour in 1973 and Andy Warhol's Poor in 1977. Brant was an professional producer from the award-winning movies Basquiat (1996) and Pollock (2000). Brant was also co-producer from the Peabody- and Emmy-award earning PBS documentary, Andy Warhol: A Documentary (2006). Brant can be a producer from the Homesman, an 1850s period Traditional western and standard selection for the 2014 Cannes Film Celebration, aimed by and starring Tommy Lee Jones, Hilary Swank and Meryl Streep.

Art collector and The Brant Foundation Art Study Center

Brant bought his initial works of art after turning an $8,000 expenditure into several hundred or so thousand dollars seeing that a young guy. His first buys based on the New York Moments, included "several Warhols and, afterwards, a significant Franz Kline.” In 1976, Brant commissioned Andy Warhol to color his cocker spaniel, Ginger. Warhol produced two paintings of Ginger, aswell as drawings.ON, MAY 9, 2009, The Brant Basis Art Study Middle opened up in Greenwich, CT. On the webpage of a transformed 110-year-old rock barn, architect Richard Gluckman redesigned the 9,800-square-foot (910 m) space like a gallery and learning middle, which will display long-term exhibitions and promote the gratitude of contemporary artwork and style. The nonprofit middle is available to the general public by visit.The Brant Basis Art Study Middle featured an exhibition by artist Urs Fischer this year 2010 and painter Josh Smith in 2011. Brant's taxation statements in 2010 2010 demonstrated that he added $3 million to the building blocks, and it spent $1.8 million on acquisitions, exhibitions and building-related costs. In 2016, the museum was scrutinized like a taxes evasion technique that allowed Brant to reap the benefits of a taxes create off while offering limited public advantage.Following the artist Walter De Maria died in 2013, Brant bought his Manhattan studio, a former Con Edison substation at 421 East Sixth Street, as an exhibition space for $27 million.Brant is an associate from the Advisory Council from the Andy Warhol Museum in Pittsburgh. The Museum of Modern Artwork (MOCA) in LA called Brant to its Table of Trustees in Dec 2009.

Kentucky Derby and Polo

Brant was an associate of the relationship who owned Common winner Swale, who all won both 1984 Kentucky Derby and Belmont Stakes and was champ three-year-old that season. Furthermore, Brant was in charge of bringing renowned stallion Mr. Prospector to Claiborne Plantation in Paris, KY. Mr. Prospector, who started his stud profession in Florida in 1975 continued to become perhaps one of the most important sires in the American Stud-Book since his initial runners strike the races in 1978. Brant was the breeder of 1995 Kentucky Derby champion Thunder Gulch. Thunder Gulch may be the kid of Gulch from the mare Type of Thunder, who had been both possessed and bred by Brant. Furthermore, Brant can be an achieved polo player with onetime, was the highest-rated beginner participant in the U.S. Brant may be the co-founder from the Greenwich Polo Membership, the Saratoga Polo Association, as well as the Bridgehampton Polo Membership.

Personal life

Brant offers five kids from his initial relationship to Sandra Simms (given birth to 1955); she afterwards married article writer Ingrid Sischy Four of his kids with Simms been employed by for Brant businesses: Christopher as leader of Light Birch; Ryan simply because movie director of Brant Magazines, Kelly as on the web director Brant Magazines; and Allison as movie director from the Brant Base. They divorced in 1995. On July 14, 1995, Brant wedded supermodel Stephanie Seymour (delivered 1968) plus they possess two sons and one girl jointly: Peter Brant, Jr. (delivered Dec 1993), Harry (delivered 1996), and Lily (delivered Oct 27, 2004). In '09 2009, the few submitted for divorce but eventually reconciled. He includes a stepson, Dylan, from Seymour's initial relationship to guitarist Tom Andrews and ten grandchildren.In 1990 Brant was investigated for tax evasion caused by reportedly having his company purchase $1 million in personal expenditures. Brant pled guilty to fees of failing woefully to maintain information and was sentenced to 90 days in a federal government jail and $200,000 in fines.

Source
Wikipedia
Close