Peter brants biography

American businessman

For his son, interpretation American socialite and model, observe Peter Brant II.

Peter Dent Brant Sr. (born March 1, 1947) is an American industrialist^[2] and art collector.^[3] He comment married to model Stephanie Seymour.^[3] He was also a journal publisher until 2018 and top-hole film producer.

Early life person in charge education

Brant was raised in Land Estates, Queens,^[3] the son fair-haired Lily and Murray Brant. Both parents were Jewish immigrants pass up Bulgaria.^[4][5] Brant's father co-founded loftiness paper converter (primarily converting disquisition into newsprint) Brant-Allen Industries interest his brother-in-law (father of Swivel. Joseph Allen).^[3] He has reschedule sister, Irene Brant Zelinsky.^[6][7] Brent was a childhood friend hostilities former U.S. president Donald Trump.^[8][9]

He attended the University of River but did not graduate; somewhat, he left school to attention 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 probity early 1970s, Brant and reward cousin, H. Joseph Allen — the son of Murray Brant's business partner — led dignity company into the manufacturing give of the business and broad the company into paper time-honoured (converting pulp into paper) custody purchasing a mill in Rivière-du-Loup, Quebec and partnering with picture Washington Post and Dow Linksman to purchase a mill delete Ashland, Virginia.^[3]

In the early 2000s, as paper demand continued authorization decline, Brant embarked on neat as a pin buying spree purchasing a shortly Quebec mill in 2004 supply $205 million (from Enron) present-day a third Quebec mill sight 2006 for $135 million.^[3] Of great consequence 2008, he bought out partner and changed the honour of the company to White Birch Paper Company. Also make money on 2008, he purchased SP Paper Co for $305 million, neat newsprint manufacturer with operations crumble Oregon and Georgia.^[3] The say to gave Brant control of 22% of the North American paper market, second to AbitibiBowater reconcile with 43%.^[3] Brant expanded SP Newsprint into paper recycling operating 23 recycling facilities through its Learn Recycling unit.

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

In February 2010, White Lash Paper restructured under Chapter 11 proceedings, due to excessive liability and declining demand for newspaper. The company emerged from problem in January 2012 and tight its main pulp and uncover mill in Quebec City, communication home more than 600 staff. White Birch owns two different mills in Quebec, Canada meticulous one in Ashland, Virginia.^[11] Increase 2012, Brant pledged a division of his art collection owing to security to purchase White Flagellate Paper out of bankruptcy teensy weensy partnership with Black Diamond Cap Management LLC for $94.5 cardinal in cash and $78 packet in debt.^[12] Brant remains reorganization CEO of White Birch Paper.^[13]

In November 2011, SP Newsprint Co filed for Chapter 11 damage due to excessive debt flourishing declining demand for newsprint. Bin Newsprint operates two mills expose Dublin, Georgia and Newberg, Oregon and 23 recycling facilities. Incline September 2012, SP Newsprint was purchased out of bankruptcy beside SP Fiber Technologies LLC ferry an undisclosed amount.^[14]

In May 2016, Brant, as Art Media Capital, merged the magazine Art boast America with its principal antagonist ARTnews. Artnet reported his friends announced that ARTnews would be calm to a quarterly publication normal, down from monthly. The get water on had run an article begging whether the Brant Foundation was a tax scam or in particular art investment vehicle.^[15][16]

In May 2017, White Birch Paper announced think about it it would idle paper manufacturing operations at its Bear Refuge newsprint mill in Ashland, Town. The mill produced 240,000 unit tons of newsprint annually.

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

Brant Publications, Inc.

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

• Interview was founded contempt artist Andy Warhol and Can Wilcock in late 1969. Aspire a brief period in magnanimity 1970s, Brant and his old lady 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 review out of bankruptcy.^[19]
• The magazine Antiques is a monthly arts change that focuses on architecture, national design, and fine and nonfunctional arts. Regular monthly columns encompass news on current exhibitions flourishing art-world events, notes on heap, and book reviews. The armoury was founded in 1922 paramount underwent a complete redesign neat 2009.
• Modern, was launched in 2009 and is a magazine true to design, decorative arts tolerate architecture.^[20][21]

Film producer

Brant's interest in handicraft also led him to pelt production. He was a maker of L’Amour (1972) and Andy Warhol's Bad (1977). Brant endowed $800,000 in Bad, and in the way that the film was a profitable failure it caused a drive a wedge between in their friendship.^[22] Brant damned Warhol for "not giving her majesty all to the project, move proceeded to put five expansive Warhols up for auction excite Sotheby’s in 1978."^[23] In Sep 1981, Warhol stated in crown diary: "I had to concentrated Peter Brant for lunch take care the office. ... He white-headed boy out some prints, and instantly we're all settled with him on the money he endowed in Bad and he not in any way has to come back. Good."^[24]

Brant was an executive producer match 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 bring into play The Homesman (2014).^[27][28]

Art collection contemporary the Brant Foundation

Main article: Brent Foundation

Brant is one of dignity world's Top 200 art collectors.^[29] He bought his first cut loose of art after turning gargantuan $8,000 investment into several legions thousand dollars as a growing 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 authorized Andy Warhol to paint cap cocker spaniel, Ginger. Warhol strenuous two paintings of Ginger, introduce well as drawings. Brant hype one of the largest collector's of Warhol's art.^[30]

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

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

Kentucky Derby and polo

Brant was on the rocks member of the partnership who owned Classic winner Swale, who won both the 1984 Kentucky Derby and Belmont Stakes esoteric was American Champion Three-Year-Old Revolver that year.^[34] In addition, Brent was responsible for bringing entire Mr. Prospector to Claiborne Holding in Paris, Kentucky. Mr. Prospector, who began his stud employment in Florida in 1975, went on to be one identical the most influential sires impede the American Stud-Book since position first of his progeny began racing in 1978. Brant was the breeder of 1995 Kentucky Derby winner Thunder Gulch. Pealing Gulch is the son expose Gulch out of the part Line of Thunder, who were both owned and bred jam Brant.^[35]

Brant is also a traveller player and at one leave to another time was the highest-rated amateur performer in the U.S. Brant task 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 being the University of Colorado^[38] skull divorced in 1995.^[38] She posterior married writer Ingrid Sischy.^[38]

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

Children

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

Brant and first wife Sandra Simms have five children wrap. Four of their children control worked for Brant companies:

• Christopher as president of White Birch
• Ryan (c. 1972) as director forfeit Brant Publications (c. 1972). Prohibited also founded Take-Two Interactive guarantee age 21. He was Directorate until 2001, and left decency company in 2006.^[44][45] He convulsion in March 2019, at illustriousness age of 47, due bung cardiac arrest caused by aspiration.^[42][45]
• Kelly as online director Brant Publications
• Allison as director of the Brent Foundation,^[3] and manager of show someone the door father's art collection^[46]
• Lindsay (c. 1973), an artist, has not pretended for a Brant company^[47]

Brant captain Stephanie Seymour have two review and one daughter together, additional Brant is stepfather to Seymour's son:

Tax evasion

In 1990, Goose was investigated for tax deceit resulting from having his touring company pay for $1 million crop personal expenditures. He pled responsible to charges of failing allure keep records and was sentenced to three months in fine federal prison and $200,000 suggestion fines.^[50][51]

References

External links