Chris Burch’s company Burch Creative Capital has been a catalyst for some unheard of brands to take off and show big competitors how they will change their market. But it’s also the holding company for several major real estate investments that Burch has made including a 2013 resort in Sumba Island known as Nihiwatu. It could be said that this place is where dreams really do come true with its beach hotels all around the island and fine dining and massage experiences that have its guests never wanting to leave. Burch put $30 million into it with partner James McBride because he said the island is where he could bring his free spirit in architectural design alive, and it was bought as something to last for his children. More about his luxury resort on businessinsider.com.
Chris Burch became a billionaire by starting off in the fashion industry. It was a simple idea he had back in college to sell sweaters that he bought at a local factory, and each sale would make $5 in profit. The demand for Burch’s sweaters grew so large that he sold enough to build his own company, and by 1979 Eagle Eye Apparel was born. This company sold a variety of apparel besides just sweaters, and by 1998 Chris Burch had sold it for $60 million. Burch had also bought some shares in the Internet Capital Group and Guggenheim Partners during this period. Related article on bjtonline.com.
Burch founded Burch Creative Capital in 2008, just four years after he had helped his then wife Tory Burch launch her own fashion brand. Over the years, the companies that Burch Creative Capital has seeded or partnered with include C. Wonder, Powermat, Voss Water and Actua. Burch Creative Capital also partnered in the launch of the famous ED lifestyle company owned by television talk show host Ellen DeGeneres. To know his latest innovative offering to the market, check on inc.com.
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The Faena Hotel + Universe was one of Chris Burch’s first signature real estate developments; a 5-star hotel that was built on a renovated storage facility in Buenos Aires. About a year later Burch started buying several multi-million dollar homes up and down the east coast, including a $14 million luxury house that he turned even more profitable at $25 million, and several town homes that sold for $19 million in Nantucket, MA. Burch also has a beautiful home that he built at Nihiwatu. Aside from his business activities, Burch is a philanthropist who has given to and served with the Rothman Institute Orthopedic Foundation, and the Tilton School. Keep up-to-date with his latest timeline activities, visit his page on linkedin.com.
A note-worthy article here on http://www.architecturaldigest.com/story/christopher-maya-j-christopher-burch-hamptons-house-article