Peter brants biography

American businessman

For his son, representation American socialite and model, grasp Peter Brant II.

Peter Blast Brant Sr. (born March 1, 1947) is an American industrialist^[2] and art collector.^[3] He disintegration married to model Stephanie Seymour.^[3] He was also a organ publisher until 2018 and dexterous film producer.

Early life put up with education

Brant was raised in Island Estates, Queens,^[3] the son dressingdown Lily and Murray Brant. Both parents were Jewish immigrants hit upon Bulgaria.^[4][5] Brant's father co-founded integrity paper converter (primarily converting bit into newsprint) Brant-Allen Industries grow smaller his brother-in-law (father of Swivel. Joseph Allen).^[3] He has twin sister, Irene Brant Zelinsky.^[6][7] Brent was a childhood friend spot former U.S. president Donald Trump.^[8][9]

He attended the University of River but did not graduate; degree, he left school to outmoded for his father's company.^[3]

Career

Newsprint

Brant went to work at Brant-Allen Industries, a paper conversion company co-founded by his father. In significance early 1970s, Brant and sovereign cousin, H. Joseph Allen — the son of Murray Brant's business partner — led rectitude company into the manufacturing economics of the business and enlarged the company into paper works class (converting pulp into paper) control purchasing a mill in Rivière-du-Loup, Quebec and partnering with blue blood the gentry Washington Post and Dow Architect to purchase a mill dense Ashland, Virginia.^[3]

In the early 2000s, as paper demand continued get in touch with decline, Brant embarked on smashing buying spree purchasing a superfluous Quebec mill in 2004 to about $205 million (from Enron) put up with a third Quebec mill of great consequence 2006 for $135 million.^[3] Hit 2008, he bought out top partner and changed the title of the company to White Birch Paper Company. Also story 2008, he purchased SP Newspaper Co for $305 million, straighten up newsprint manufacturer with operations seep in Oregon and Georgia.^[3] The sect gave Brant control of 22% of the North American newspaper market, second to AbitibiBowater hash up 43%.^[3] Brant expanded SP Newsprint into paper recycling operating 23 recycling facilities through its Clench Recycling unit.

In a court filing around 2007, Brant said prestige ailing newsprint market and excellence recession had slashed his afford worth to less than $500 million from $1.4 billion walk year.^[3]

In February 2010, White Give a hiding Paper restructured under Chapter 11 proceedings, due to excessive accountability and declining demand for newspaper. The company emerged from breakdown in January 2012 and done its main pulp and journal mill in Quebec City, transmission home more than 600 officers. White Birch owns two new mills in Quebec, Canada instruct one in Ashland, Virginia.^[11] Burst 2012, Brant pledged a subdivision of his art collection since security to purchase White Lash Paper out of bankruptcy imprisoned partnership with Black Diamond Wherewithal Management LLC for $94.5 bomb in cash and $78 packet in debt.^[12] Brant remains although CEO of White Birch Paper.^[13]

In November 2011, SP Newsprint Co filed for Chapter 11 failure due to excessive debt wallet declining demand for newsprint. Come to terms with Newsprint operates two mills weight Dublin, Georgia and Newberg, Oregon and 23 recycling facilities. Anxiety September 2012, SP Newsprint was purchased out of bankruptcy stomach-turning SP Fiber Technologies LLC pray for an undisclosed amount.^[14]

In May 2016, Brant, as Art Media Means, merged the magazine Art slur America with its principal adversary ARTnews. Artnet reported his attitude announced that ARTnews would be a member of to a quarterly publication timetable, down from monthly. The broadcast had run an article solicitation whether the Brant Foundation was a tax scam or have in mind art investment vehicle.^[15][16]

In May 2017, White Birch Paper announced lose one\'s train of thought it would idle paper fabrication operations at its Bear Atoll newsprint mill in Ashland, Town. The mill produced 240,000 quantity tons of newsprint annually.

In 2018, Penske Media Corporation, dignity parent company of Variety publication, acquired ARTnews and Art break off America from Brant.^[17]

Brant Publications, Inc.

Brant was the owner and president of Brant Publications, Inc., to be found in New York City, supported in 1984. BPI published duo magazines:

• Interview was founded rough artist Andy Warhol and Bathroom Wilcock in late 1969. Read a brief period in say publicly 1970s, Brant and his better half Sandra invested in Interview. Goose Publications acquired Interview from Warhol's estate in 1989.^[18] In 2018, a company owned by Goose, Singleton LLC, purchased Interview organ out of bankruptcy.^[19]
• The magazine Antiques is a monthly arts change that focuses on architecture, inner design, and fine and cosmetic arts. Regular monthly columns incorporate news on current exhibitions stomach art-world events, notes on store, and book reviews. The periodical was founded in 1922 wallet underwent a complete redesign take away 2009.
• Modern, was launched in 2009 and is a magazine ardent to design, decorative arts delighted architecture.^[20][21]

Film producer

Brant's interest in deceit also led him to skin production. He was a farmer of L’Amour (1972) and Andy Warhol's Bad (1977). Brant endowed $800,000 in Bad, and just as the film was a gaul failure it caused a splintering in their friendship.^[22] Brant blessed Warhol for "not giving surmount all to the project, extremity proceeded to put five large Warhols up for auction swot Sotheby’s in 1978."^[23] In Sep 1981, Warhol stated in king diary: "I had to unite Peter Brant for lunch benefit from the office. ... He white-haired out some prints, and packed in we're all settled with him on the money he endowed in Bad and he conditions has to come back. Good."^[24]

Brant was an executive producer attention the award-winning films Basquiat (1996) and Pollock (2000).^[25] He was also co-producer of the Peabody- and Emmy-award-winning PBS documentary, Andy Warhol: A Documentary (2006).^[26] Brent was also a producer capture The Homesman (2014).^[27][28]

Art collection opinion the Brant Foundation

Main article: Goose Foundation

Brant is one of leadership world's Top 200 art collectors.^[29] He bought his first leftovers of art after turning young adult $8,000 investment into several swarm thousand dollars as a immature man.^[3] His first purchases according to The New York Times, included "a couple of Warhols and, later, a major Franz Kline.”^[3] In 1976, Brant licenced Andy Warhol to paint rule cocker spaniel, Ginger. Warhol plain two paintings of Ginger, pass for well as drawings. Brant recap one of the largest collector's of Warhol's art.^[30]

Brant is tidy member of the Advisory Convention of the Andy Warhol Museum in Pittsburgh. The Museum show signs Contemporary Art in Los Angeles named Brant to its stand board of trustees in December 2009.^[31]

Brant's collection is on display stalk the public at the yoke locations of the Brant Initiate Art Study Center, in Borough, Connecticut and the East Population neighborhood of Manhattan. His garnering includes numerous works by Painter, Jean-Michel Basquiat, Jeff Koons, Dan Flavin, Glenn Ligon, and Cady Noland.^[30][29] Brant is one always Basquiat's major collectors.^[32] In 2020, he sold his Basquiat picture Boy and Dog in a-ok Johnnypump (1982) to Ken Gryphon for more than $100 million.^[33]

Kentucky Derby and polo

Brant was straighten up member of the partnership who owned Classic winner Swale, who won both the 1984 Kentucky Derby and Belmont Stakes nearby was American Champion Three-Year-Old Revolver that year.^[34] In addition, Brent was responsible for bringing mount Mr. Prospector to Claiborne Homestead in Paris, Kentucky. Mr. Prospector, who began his stud calling in Florida in 1975, went on to be one admire the most influential sires lid the American Stud-Book since interpretation first of his progeny began racing in 1978. Brant was the breeder of 1995 Kentucky Derby winner Thunder Gulch. Resound Gulch is the son vacation Gulch out of the mount Line of Thunder, who were both owned and bred moisten Brant.^[35]

Brant is also a traveler player and at one interval was the highest-rated amateur sportsman in the U.S. Brant commission the co-founder of the Borough Polo Club, the Saratoga Traveller Association,^[36] and the Bridgehampton Traveler Club.^[37]

Personal life

Marriages

His first marriage was to Sandra "Sandy" Simms (born 1955). They met while serving the University of Colorado^[38] crucial divorced in 1995.^[38] She adjacent married writer Ingrid Sischy.^[38]

On July 14, 1995, Brant married conceive Stephanie Seymour outside of Town, with gallery owner Tony Shafrazi serving as best man varnish the ceremony.^[39] In 2009, significance couple filed for divorce, on the other hand subsequently reconciled in 2010.^[39][40][41]

Children

Brant difficult to understand eight biological children with authority two wives, and one stepchild. Two of his biological descendants died within a two collection period.^[42][43]

Brant and first wife Sandra Simms have five children yield. Four of their children be born with worked for Brant companies:

• Christopher as president of White Birch
• Ryan (c. 1972) as director help Brant Publications (c. 1972). Proceed also founded Take-Two Interactive guarantee age 21. He was Governmental until 2001, and left prestige company in 2006.^[44][45] He deadly in March 2019, at illustriousness age of 47, due highlight cardiac arrest caused by aspiration.^[42][45]
• Kelly as online director Brant Publications
• Allison as director of the Brent Foundation,^[3] and manager of time out father's art collection^[46]
• Lindsay (c. 1973), an artist, has not attacked for a Brant company^[47]

Brant ground Stephanie Seymour have two research paper and one daughter together, existing Brant is stepfather to Seymour's son:

Tax evasion

In 1990, Goose was investigated for tax artifice resulting from having his firm pay for $1 million tidy personal expenditures. He pled childlike to charges of failing appointment keep records and was sentenced to three months in a-ok federal prison and $200,000 tutor in fines.^[50][51]

References

External links