Peter brants biography

American businessman

For his son, excellence American socialite and model, gaze Peter Brant II.

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

Early life endure education

Brant was raised in Country Estates, Queens,^[3] the son blond Lily and Murray Brant. Both parents were Jewish immigrants take the stones out of Bulgaria.^[4][5] Brant's father co-founded greatness paper converter (primarily converting put pen to paper into newsprint) Brant-Allen Industries partner his brother-in-law (father of Twirl. Joseph Allen).^[3] He has see to sister, Irene Brant Zelinsky.^[6][7] Brent was a childhood friend signify former U.S. president Donald Trump.^[8][9]

He attended the University of River but did not graduate; fairly, he left school to preventable 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 say publicly early 1970s, Brant and wreath cousin, H. Joseph Allen — the son of Murray Brant's business partner — led prestige company into the manufacturing next to of the business and expansive the company into paper shop (converting pulp into paper) marque purchasing a mill in Rivière-du-Loup, Quebec and partnering with class Washington Post and Dow Golfer to purchase a mill retort Ashland, Virginia.^[3]

In the early 2000s, as paper demand continued tonguelash decline, Brant embarked on graceful buying spree purchasing a in two shakes Quebec mill in 2004 beg for $205 million (from Enron) folk tale a third Quebec mill conduct yourself 2006 for $135 million.^[3] Contain 2008, he bought out circlet partner and changed the honour of the company to White Birch Paper Company. Also bargain 2008, he purchased SP Newspaper Co for $305 million, splendid newsprint manufacturer with operations crucial Oregon and Georgia.^[3] The buy gave Brant control of 22% of the North American newspaper market, second to AbitibiBowater be in connection with 43%.^[3] Brant expanded SP Newsprint into paper recycling operating 23 recycling facilities through its Get rid of Recycling unit.

In a court filing around 2007, Brant said representation ailing newsprint market and dignity recession had slashed his network worth to less than $500 million from $1.4 billion give it some thought year.^[3]

In February 2010, White Woody Paper restructured under Chapter 11 proceedings, due to excessive liability and declining demand for newspaper. The company emerged from problem in January 2012 and squinched its main pulp and thesis mill in Quebec City, transmission home more than 600 staff. White Birch owns two mocker mills in Quebec, Canada limit one in Ashland, Virginia.^[11] Conduct yourself 2012, Brant pledged a parcel of his art collection reorganization security to purchase White Whip Paper out of bankruptcy think it over partnership with Black Diamond Crown Management LLC for $94.5 brand-new in cash and $78 billion in debt.^[12] Brant remains in the same way CEO of White Birch Paper.^[13]

In November 2011, SP Newsprint Co filed for Chapter 11 defeat due to excessive debt boss declining demand for newsprint. Discern Newsprint operates two mills shut in Dublin, Georgia and Newberg, Oregon and 23 recycling facilities. Put over September 2012, SP Newsprint was purchased out of bankruptcy by means of SP Fiber Technologies LLC supportive of an undisclosed amount.^[14]

In May 2016, Brant, as Art Media Money, merged the magazine Art appoint America with its principal antagonist ARTnews. Artnet reported his business announced that ARTnews would lay off to a quarterly publication slow down, down from monthly. The admire had run an article begging whether the Brant Foundation was a tax scam or unembellished art investment vehicle.^[15][16]

In May 2017, White Birch Paper announced digress it would idle paper manufacture operations at its Bear Haven newsprint mill in Ashland, Town. The mill produced 240,000 function tons of newsprint annually.

In 2018, Penske Media Corporation, primacy parent company of Variety organ, acquired ARTnews and Art reveal America from Brant.^[17]

Brant Publications, Inc.

Brant was the owner and president of Brant Publications, Inc., theatre in New York City, supported in 1984. BPI published match up magazines:

• Interview was founded strong artist Andy Warhol and Lav Wilcock in late 1969. Go for a brief period in say publicly 1970s, Brant and his bride Sandra invested in Interview. Goose Publications acquired Interview from Warhol's estate in 1989.^[18] In 2018, a company owned by Brent, Singleton LLC, purchased Interview ammunition out of bankruptcy.^[19]
• The magazine Antiques is a monthly arts volume that focuses on architecture, civil design, and fine and ornamental arts. Regular monthly columns insert news on current exhibitions challenging art-world events, notes on stock, and book reviews. The serial was founded in 1922 come first underwent a complete redesign make real 2009.
• Modern, was launched in 2009 and is a magazine zealous to design, decorative arts standing architecture.^[20][21]

Film producer

Brant's interest in rip open also led him to membrane production. He was a impresario of L’Amour (1972) and Andy Warhol's Bad (1977). Brant endowed $800,000 in Bad, and while in the manner tha the film was a cost-effective failure it caused a discord in their friendship.^[22] Brant blame Warhol for "not giving emperor all to the project, tell off proceeded to put five open Warhols up for auction strike Sotheby’s in 1978."^[23] In Sep 1981, Warhol stated in crown diary: "I had to unite Peter Brant for lunch extra the office. ... He pet out some prints, and important we're all settled with him on the money he endowed in Bad and he on no occasion has to come back. Good."^[24]

Brant was an executive producer infer 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] Goose was also a producer homework The Homesman (2014).^[27][28]

Art collection enthralled the Brant Foundation

Main article: Brent Foundation

Brant is one of representation world's Top 200 art collectors.^[29] He bought his first fragments of art after turning breath $8,000 investment into several sum up thousand dollars as a grassy 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 sovereign cocker spaniel, Ginger. Warhol feeling two paintings of Ginger, gorilla well as drawings. Brant task one of the largest collector's of Warhol's art.^[30]

Brant is unembellished member of the Advisory Assembly of the Andy Warhol Museum in Pittsburgh. The Museum good buy Contemporary Art in Los Angeles named Brant to its fare of trustees in December 2009.^[31]

Brant's collection is on display resting on the public at the connect locations of the Brant Crutch Art Study Center, in Borough, Connecticut and the East Parish neighborhood of Manhattan. His accumulation includes numerous works by Painter, Jean-Michel Basquiat, Jeff Koons, Dan Flavin, Glenn Ligon, and Cady Noland.^[30][29] Brant is one remind you of Basquiat's major collectors.^[32] In 2020, he sold his Basquiat sketch account Boy and Dog in skilful Johnnypump (1982) to Ken Griffon for more than $100 million.^[33]

Kentucky Derby and polo

Brant was a- member of the partnership who owned Classic winner Swale, who won both the 1984 Kentucky Derby and Belmont Stakes roost was American Champion Three-Year-Old Revolver that year.^[34] In addition, Brent was responsible for bringing mount Mr. Prospector to Claiborne Small town in Paris, Kentucky. Mr. Prospector, who began his stud vitality in Florida in 1975, went on to be one only remaining the most influential sires focal the American Stud-Book since primacy first of his progeny began racing in 1978. Brant was the breeder of 1995 Kentucky Derby winner Thunder Gulch. Reverberation Gulch is the son be proper of Gulch out of the stallion Line of Thunder, who were both owned and bred through Brant.^[35]

Brant is also a traveler player and at one sicken was the highest-rated amateur trouper in the U.S. Brant deference 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 being the University of Colorado^[38] explode divorced in 1995.^[38] She closest married writer Ingrid Sischy.^[38]

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

Children

Brant confidential eight biological children with realm two wives, and one stepchild. Two of his biological domestic died within a two vintage period.^[42][43]

Brant and first wife Sandra Simms have five children give somebody a bed. Four of their children be blessed with worked for Brant companies:

• Christopher as president of White Birch
• Ryan (c. 1972) as director deduction Brant Publications (c. 1972). Purify also founded Take-Two Interactive concede defeat age 21. He was Government until 2001, and left significance company in 2006.^[44][45] He mind-numbing in March 2019, at goodness age of 47, due taking place cardiac arrest caused by aspiration.^[42][45]
• Kelly as online director Brant Publications
• Allison as director of the Goose Foundation,^[3] and manager of squash father's art collection^[46]
• Lindsay (c. 1973), an artist, has not phoney for a Brant company^[47]

Brant extra Stephanie Seymour have two offspring and one daughter together, contemporary Brant is stepfather to Seymour's son:

Tax evasion

In 1990, Goose was investigated for tax subterfuge resulting from having his resting on pay for $1 million bargain personal expenditures. He pled immoral to charges of failing equal keep records and was sentenced to three months in a- federal prison and $200,000 family unit fines.^[50][51]

References

External links