Peter M. Brant
| Peter M. Brant | |
|---|---|
| Born |
March 1, 1947 New York City, New York, U.S.A. |
| Residence | Greenwich, Connecticut, U.S. |
| Nationality | American |
| Alma mater | University of Colorado Boulder |
| Occupation | Chairman of White Birch Paper, Brant Publications, Brant Foundation |
| Net worth | $500 million (in 2010) |
| Spouse(s) |
Sandra Simms (m. 1969–95) Stephanie Seymour (m. 1995) |
| Children |
with Simms: --Christopher Brant --Ryan Brant --Kelly Brant --Allison Brant --Lindsay Brant with Seymour: --Peter Brant, Jr. --Harry Brant --Lily Margaret Brant --Dylan Andrews (stepson) |
| Website | www |
Peter M. Brant (born March 1, 1947) is an American industrialist, businessman, art collector and philanthropist.
Brant was raised in Jamaica Estates, Queens, a childhood friend of Donald Trump. Brant's father, Murray Brant – who emigrated from a small town near the border of Romania and Bulgaria – cofounded the paper converter (primarily converting paper into newsprint) Brant-Allen Industries with his cousin H. Joseph Allen. Brant attended the University of Colorado but did not graduate instead leaving to work for his father's company.
Brant went to work at Brant-Allen Industries, a paper conversion company co-founded by his father, Murray Brant. In the early 1970s, Brant and a cousin, Joseph Allen — the son of Murray Brant’s business partner — led the company into the manufacturing side of the business and expanded the company into paper mill (converting pulp into paper) ownership purchasing a mill in Rivière-du-Loup, Quebec and partnering with the Washington Post and Dow Jones to purchase a mill in Ashland, Virginia. In the early 2000s, as paper demand continued to decline, Brant embarked on a buying spree purchasing a second Quebec mill in 2004 for $205 million (from Enron) and a third Quebec mill in 2006 for $135 million. In 2008, he bought out his partner and changed the name of the company to White Birch Paper Company. Also in 2008, he purchased SP Newsprint Co for $305 million, a newsprint manufacturer with operations in Oregon and Georgia. The purchase gave Brant control of 22% of the North American newsprint market, second to AbitibiBowater with 43%. Brant expanded SP Newsprint into paper recycling operating 23 recycling facilities through its SP Recycling unit.
In 2007, Brant deflected any talk of an imminent bankruptcy and seemed unbowed and upbeat for a man who said he personally has lost $1 billion in the span of two years. In a court filing around that time, he said the ailing newsprint market and the recession had slashed his net worth to less than $500 million from $1.4 billion that year.
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Wikipedia