Chris Burch is a unique individual who can turn the simple into some of the best-selling brands in today’s world, and he’s made this evident at his venture capital investment company, Burch Creative Capital. He’s also invested a lot in the hospitality industry and he owns the majority of Nihiwatu Resort in Indonesia, a first class beach hotel property that he acquired for $30 million in 2013 (businessinsider.com). Nihiwatu Resort is where you can see some of your greatest dreams for a beach vacation become reality with all the work Burch has done in having villas constructed that not only have fancy exterior designs but also have rich interiors. Walk along the trails outdoors and look behind the waterfalls or in the thick trees and you might find masseuses ready to give you a comforting massage. Burch said he chose this place because he could use his creativity to plan for an unparalleled experience.
Burch built his own business back in 1976 while he was still only a student at Ithaca College. He would go around selling sweaters door-to-door and make small profits doing so, and as he became successful he decided to invest even more into the business and grew it into a big retail company known as Eagle Eye Apparel. He opened over 50 department stores with this company and made hundreds of millions in sales before selling it in 1998, but he had many other plans once the company was sold. He had investments in several private equity firms during this time, but he still stayed in the fashion industry and helped his wife Tory Burch launch her own brand in 2004. He also had another chain department store known as C. Wonder opened a few years later.
Burch Creative Capital was officially founded in 2008 and some of the brands most closely associated with it have been Pypestream, Voss Water, Snowe Home and Poppin (http://www.burchcreativecapital.com/contact/). But he’s also done many real estate deals through the company including a longtime partnership with the Faena Group in Argentina that included the opening of the Faena Hotel + Universe in Buenos Aires in 2004, and a property development in Miami around 2010. Burch bought and flipped several other homes in New York and Nantucket Island and also opened J. Christopher, a supplier of building materials for contractors. Burch officially became a billionaire around the same time he bought the Nihiwatu Property due to the value of his total assets and stock holdings putting him at $1 billion.