Peter M.
Brant, who is an American businessman, industrialist, and collector of art, has a net worth of $800 million.
With his impressive collection of works, his net worth could be much higher in the ideal art market, which is dominated by Warhol, Basquiat, and other notable figures.
Peter M.
Brant was born in New York City, New York in March 1947.
Brant-Allen Industries, a paper converting company, was co-founded by his father.
As a child, Brant had a friendship with Donald Trump.
Peter M.
Brant migrated to Brant-Allen to work for his father and take charge of the manufacturing department, where he acquired ownership of a paper mill.
Tax issues led to his imprisonment in the 1990s.
After acquiring his partner, he renamed the company White Birch Paper Company in 2008.
He acquired SP Newsprint Co for $305 million in the same year.
In a two-year span, Brant lost $1 billion, and the White Birch Paper filed Chapter 11 bankruptcy. Following the 2008 financial crisis, Brant’s net worth decreased from $1.4 billion to $500 million.
In addition to his role as Chairman of White Birch Paper, he has also held positions in Brant Publications and Brant Foundation.
Peter M.
Brant’s film production credits include L’Amour, Andy Warhol’s Bad, Basquiat, Pollock, and more.
His art collection is a vast collection of contemporary pieces by artists such as Basquiat, Jeff Koons, and Warhol.
During the 70s, he purchased a significant number of Warhol paintings, causing Warhol to worry that he had too many of his masterpieces.
In 1995, he and Stephanie Seymour, who was his second wife, got married.
In approximately 2010, the couple initiated the divorce process.
During these proceedings, it was revealed that Brant had a monthly expenditure of approximately $500,000 on private jet travel, pet business ventures, and real estate projects.
Seymour was given a temporary support order of $270,000 per month by the court.
He stated that he was earning $1.5 million every month.
Eventually, they were able to make a reconciliation.
Their residences are situated in Greenwich, Connecticut, The Hamptons, and Palm Beach, Florida.