Christopher Burch, a billionaire, entrepreneur, and businessman recently modeled a surf destination into a five-star resort in Sumba Islands. Sumba is an isolated island in Indonesia and it is habited by approximately 60,000 people. The remote island is two times the size of Bali islands. In 2016 and 2017 the resort was voted for and listed the number one Hotel in the World by readers of Travel and Leisure magazine. Originally, the cult surf destination was established by a couple, Claude and Petra Graves, in 1998.
Chris Burch ventured into the hospitality industry after investing much in retail branding and fashion. Mr. Burch bought the beach together with hotelier James McBridge. They then invested 30 million USD to renovate the hotel. The hotel was re-opened in 2015 under a new name, Nihiwatu (businessinsider.com). The five-star resort has 27 private villas like Raja Mendaka and the private home of Chris Burch. The fashion mogul found out about the resort when Claude Grave wanted to renovate it in 2012. McBridge has a vast experience of more than 25 years in hospitality. He became interested and invited his friend Mr. McBridge to view the place. The resort is built on a 700 acre piece of land.
Chris Burch is the founder and Chief Executive Officer of Burch Creative Capital. Burch Creative Capital is headquartered in based in New York and it specializes on venture investments as well as brand development. He is also an active businessman and investor in many fields. Mr. Burch has always been championing for the power of branding that is currently being applied in the marketing and sales of business interests in hospitality, products, technology, and financial services. Mr. Burch also invested with the Guggnheim Partners.
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Chris Burch interest in business started while he was still young. While studying at Ithaca College in 1976, he and Robert, his brother, founded the Eagle’s Eye clothing with a capital of 2000 USD. The business included buying sweaters on wholesale at 10 USD and selling them at 15 USD. Their business operations expanded to other colleges and then to the retail shops. After ten years, the expanded and started making sales worth 140 million USD annually. Burch alongside his wife established the Tory Burch fashion label in 2004. In 2008, he founded the J. Christopher Capital LLC and the renamed it to Burch Creative Capital in the same year. Mr. Burch has also invested in the real estate industry and other fields.
Connect with Burch, visit LinkedIn