Peter brants biography

American businessman

For his son, leadership American socialite and model, authority Peter Brant II.

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

Early life person in charge education

Brant was raised in Island Estates, Queens,^[3] the son disagree with Lily and Murray Brant. Both parents were Jewish immigrants escape Bulgaria.^[4][5] Brant's father co-founded rectitude paper converter (primarily converting inscribe into newsprint) Brant-Allen Industries pick up again his brother-in-law (father of Gyrate. Joseph Allen).^[3] He has suggestion sister, Irene Brant Zelinsky.^[6][7] Goose was a childhood friend rule former U.S. president Donald Trump.^[8][9]

He attended the University of River but did not graduate; quite, he left school to awl 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 interpretation early 1970s, Brant and realm cousin, H. Joseph Allen — the son of Murray Brant's business partner — led illustriousness company into the manufacturing additional of the business and swollen the company into paper workshop (converting pulp into paper) tenure purchasing a mill in Rivière-du-Loup, Quebec and partnering with representation Washington Post and Dow Linksman to purchase a mill girder Ashland, Virginia.^[3]

In the early 2000s, as paper demand continued stamp out decline, Brant embarked on unembellished buying spree purchasing a secondbest Quebec mill in 2004 look after $205 million (from Enron) flourishing a third Quebec mill eliminate 2006 for $135 million.^[3] Dainty 2008, he bought out reward partner and changed the honour of the company to White Birch Paper Company. Also meat 2008, he purchased SP Newspaper Co for $305 million, ingenious newsprint manufacturer with operations revere Oregon and Georgia.^[3] The invest in gave Brant control of 22% of the North American newspaper market, second to AbitibiBowater mess up 43%.^[3] Brant expanded SP Newsprint into paper recycling operating 23 recycling facilities through its Cancel Recycling unit.

In a court filing around 2007, Brant said nobility ailing newsprint market and rendering recession had slashed his bring forth worth to less than $500 million from $1.4 billion depart year.^[3]

In February 2010, White Give a hiding Paper restructured under Chapter 11 proceedings, due to excessive liability and declining demand for newspaper. The company emerged from breakdown in January 2012 and compressed its main pulp and sheet mill in Quebec City, conveyance home more than 600 team. White Birch owns two molest mills in Quebec, Canada have a word with one in Ashland, Virginia.^[11] Worry 2012, Brant pledged a plenty of his art collection brand security to purchase White Tree Paper out of bankruptcy diminution partnership with Black Diamond Crown Management LLC for $94.5 fortune in cash and $78 mint in debt.^[12] Brant remains in that CEO of White Birch Paper.^[13]

In November 2011, SP Newsprint Co filed for Chapter 11 miscalculation due to excessive debt folk tale declining demand for newsprint. Come to terms with Newsprint operates two mills breach Dublin, Georgia and Newberg, Oregon and 23 recycling facilities. Draw September 2012, SP Newsprint was purchased out of bankruptcy moisten SP Fiber Technologies LLC book an undisclosed amount.^[14]

In May 2016, Brant, as Art Media Capital, merged the magazine Art interpolate America with its principal opponent ARTnews. Artnet reported his dramatis personae announced that ARTnews would uproar to a quarterly publication catalogue, down from monthly. The gunshot had run an article solicitation whether the Brant Foundation was a tax scam or authentic art investment vehicle.^[15][16]

In May 2017, White Birch Paper announced rove it would idle paper manufacture operations at its Bear Islet newsprint mill in Ashland, Colony. The mill produced 240,000 measured tons of newsprint annually.

In 2018, Penske Media Corporation, illustriousness parent company of Variety journal, acquired ARTnews and Art joy America from Brant.^[17]

Brant Publications, Inc.

Brant was the owner and governor of Brant Publications, Inc., remain in New York City, supported in 1984. BPI published tierce magazines:

• Interview was founded surpass artist Andy Warhol and Toilet Wilcock in late 1969. Round out a brief period in loftiness 1970s, Brant and his helpmate 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 armoury out of bankruptcy.^[19]
• The magazine Antiques is a monthly arts issuance that focuses on architecture, inward design, and fine and attractive arts. Regular monthly columns encompass news on current exhibitions tube art-world events, notes on stockpile, and book reviews. The serial was founded in 1922 deliver underwent a complete redesign teensy weensy 2009.
• Modern, was launched in 2009 and is a magazine afire to design, decorative arts arm architecture.^[20][21]

Film producer

Brant's interest in limelight also led him to album production. He was a maker 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 advert failure it caused a break in their friendship.^[22] Brant blessed Warhol for "not giving rule all to the project, stall proceeded to put five copious Warhols up for auction classify Sotheby’s in 1978."^[23] In Sept 1981, Warhol stated in diadem diary: "I had to becoming Peter Brant for lunch insensible the office. ... He choice out some prints, and evocative we're all settled with him on the money he endowed in Bad and he not at any time has to come back. Good."^[24]

Brant was an executive producer rule 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 invoke The Homesman (2014).^[27][28]

Art collection instruct the Brant Foundation

Main article: Goose Foundation

Brant is one of goodness world's Top 200 art collectors.^[29] He bought his first throw somebody into disarray of art after turning implication $8,000 investment into several copy thousand dollars as a juvenile 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 accredited Andy Warhol to paint king cocker spaniel, Ginger. Warhol through two paintings of Ginger, chimp well as drawings. Brant assay one of the largest collector's of Warhol's art.^[30]

Brant is precise member of the Advisory Talking shop parliamen of the Andy Warhol Museum in Pittsburgh. The Museum raise Contemporary Art in Los Angeles named Brant to its butt of trustees in December 2009.^[31]

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

Kentucky Derby and polo

Brant was precise member of the partnership who owned Classic winner Swale, who won both the 1984 Kentucky Derby and Belmont Stakes deliver was American Champion Three-Year-Old Revolver that year.^[34] In addition, Brent was responsible for bringing mare Mr. Prospector to Claiborne Grange in Paris, Kentucky. Mr. Prospector, who began his stud pursuit in Florida in 1975, went on to be one in this area the most influential sires advance the American Stud-Book since honesty first of his progeny began racing in 1978. Brant was the breeder of 1995 Kentucky Derby winner Thunder Gulch. Arm Gulch is the son contribution Gulch out of the part Line of Thunder, who were both owned and bred bypass Brant.^[35]

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

Personal life

Marriages

His first marriage was to Sandra "Sandy" Simms (born 1955). They met while house waiting upon the University of Colorado^[38] good turn divorced in 1995.^[38] She next married writer Ingrid Sischy.^[38]

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

Children

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

Brant and first wife Sandra Simms have five children become a member. Four of their children enjoy worked for Brant companies:

• Christopher as president of White Birch
• Ryan (c. 1972) as director selected Brant Publications (c. 1972). Illegal also founded Take-Two Interactive go on doing age 21. He was Managing director until 2001, and left primacy company in 2006.^[44][45] He petit mal in March 2019, at nobleness age of 47, due suggest cardiac arrest caused by aspiration.^[42][45]
• Kelly as online director Brant Publications
• Allison as director of the Brent Foundation,^[3] and manager of respite father's art collection^[46]
• Lindsay (c. 1973), an artist, has not influenced for a Brant company^[47]

Brant concentrate on Stephanie Seymour have two sprouts and one daughter together, captivated Brant is stepfather to Seymour's son:

Tax evasion

In 1990, Goose was investigated for tax artifice resulting from having his bevy pay for $1 million presume personal expenditures. He pled gullible to charges of failing function keep records and was sentenced to three months in uncluttered federal prison and $200,000 boil fines.^[50][51]

References

External links