Former Interior Secretary Ken Salazar and conservation philanthropist Louis Bacon say super fires should not be the new normal. Its not actually my product in terms of my invention, he says, giving credit to his lawyer Keod Smith, an activist who has served in the Bahamian parliament. But dont worry too much about Bacon: he still has Captain Kidds treasure to fall back on. Today, it has about a dozen lines of inexpensive apparel, aimed mostly at middle-aged shoppers and available in more than 200 Nygard stores and other retail chains in North America, and does $500 million in annual sales. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. How hard is it really, to connect Kevin Bacon to other actors? Hes struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. There was also the matter of sand. But its almost criminal for him to even be mentioned in the same paragraph as Peter Nygard.. That it has since been preserved as a national park was what, in 2013, won him the Audubon Societys annual medal for contributions to conservation. Nearly 200 years later, in 1979 it was sold for $1.3 million to German investors who tried to unsuccessfully flip it to everyone from Moroccan royalty to Donald Trump. Instead, everybody stays up until three A.M. playing poker. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. Louis Bacon, 62, has accused neighbor Peter Nygard, 72, of hiring two hit men to kill him Bacon and his conservation nonprofit have been trying to block Nygard's attempts to expand his 150,000 sq . Cow Neck Farm, Long Island, New York: Bacon's Cow Neck Preserve, LLC purchased the farm in 1998 and donated a 540-acre conservation easement to the Peconic Land Trust, thus preventing development and ensuring the protection of the area's habitat. Bacon is a well-known American investor, hedge fund manager, and philanthropist. He reminds me of Hitler., Peter Pinocchio, Bacon calls Nygard in an open letter he published in the Bahamas Tribune, noting his habit of playing footsie with the truth.. Louis Bacon is a conservation philanthropist and the founder and Chairman of Moore Capital Management, LP established in March 1989. [12][13], Legal experts did not believe the order was enforceable in the United States because of its policy related to freedom of speech. But that wasnt why he did it. But in 2010, Nygard received distressing news from the prime ministers office. [18][19], In November 2007, Bacon purchased the Trinchera Ranch in Costilla County, Colorado from the Forbes family. (Trust me, its a full-time job.) Bacon is fond of the judicious (and tax-deductible) gambit known as a conservation easement, deploying it, for example, to restore the eastern-mud-turtle population and preserve the habitat of endangered shorebirds on Robins Island. Member firm Edgerly & Crocker since 1900; also of Central Aguirre Sugar Co. Republican. He is the rare wealthy businessman who sees the environment as a battleground, says Robert F. Kennedy Jr., of the Waterkeeper Alliance lobbying group, a favorite charity of Bacons. He mentions that his assistant is one of my main girlfriends.. But it may very well be the most valuable private estate in all of the Hamptons and the most untouchable. For more than a decade the men battled in courts from London to Los Angeles, exchanging lawsuits over development rights and defamation suits, including accusations of drug trafficking, character assassination and even a soupon of murder. Hes a philosopher, a visionary, a genius. With accusations of murder plots, assaults, fire bombings and racially-fueled smear campaigns, the feud between hedge fund billionaire Louis Bacon and clothing tycoon Peter Nygard has escalated to a new level. The Tao of Taos: Can Louis Bacon Make New Mexico's Soulful Ski Valley a Downhill Mecca? The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Bacon grew up in a wealthy real-estate-business family in North Carolina, boarded at Episcopal High School, in Alexandria, Virginia, and graduated from Middlebury College (where he is now a trustee) and Columbia Business School. And were talking about a land of eight-figure beachfront properties, where the houses are very close to each otherwhere one mans dining room is only about 200 feet from the others revolving acrylic discotheque floor and the glass walls that enclose it with a steady cascade of water. I lost that recipe. By Eric. They featured unsubstantiated assertions that Bacon ran an international drug-smuggling operation, was a member of the K.K.K., had been charged in one of the biggest Wall Street insider trading cases ever (a CBS News clip on Raj Guptas infamous case had been altered, with Bacons name spliced in to replace Guptas), and was involved in murdering the Point House caretaker, Dan Tuckfield (who had died of a heart attack in the estates hot tub), after commissioning him to set the fire at Nygard Cay. [24] In 2015, Bacon donated $1 million to a Super PAC supporting the presidential candidacy of Jeb Bush. 8 His latest yacht has an indoor paddle tennis court. louis bacon, the billionaire hedge funder and philanthropist, and ken salazar, the former u.s. secretary of the interior, announced yesterday that they have formed a new conservation-minded. Since 1994, he has contributed $175 million to conservationist causes, including funds to prevent Clifton Bay, a coral-lined stretch abutting Lyford Cay, from being developed as a subdivision anchored by a casino. Chesapeake Bay Foundation Chairman Harry Lester and philanthropist Louis Bacon say offshore drilling in the Atlantic and related seismic airgun blasting could harm East Coast economies, marine life and our environment. 26 Billionaires edition of Forbes magazine. Ive been very supportive. Besides, hes not afraid of a $100 million defamation suit because, as I understand it, the biggest award ever given in New York is for one million, he says. His clumsy attempt to clear his name, in a no-holds-barred interview with BBC, Inside Jerry Falwell Jr.s Unlikely Rise and Precipitous Fall at Liberty University. 2023 Cond Nast. Ski and Snowboard Team Foundation. In 1997, Bacon granted a conservation easement for most of the island to the Virginia-based global environmental organization the Nature Conservancy, making Robins Island a protected wilderness area. Louis Bacon, who's almost as famous for feuding with Canadian fashion tycoon Peter Nygard as he is for running one of the world's most successful hedge funds, is throwing in the towel as an. Bacon and his wife, Gabrielle, at the Metropolitan Museum of Art, New York, 2014. An aerial view of the western tip of New Providence, 2014. SueLyn Medeiros and Nygard at Bahamas Fashion Week, in Nassau, 2008. He adds that all the land hes been mandated to return to the Bahamas had been unofficially leased to him. When he turned him down, the agent replied that Bacon would get the property one way or another, Nygard claims, adding that he doesnt know the mans name and cant remember where he worked, because it was such a joke to me. Even so, he says, he took it as a threat. For better or worse, says Bill Hunter, a former Lyford Cay Club chairman, when you look toward Nygards place at night from across the bay, its like a cruise ship, all the lights and torches blazing. Two years later, Bacon dealt with his long-standing irritation with the noise from Nygards parties by installing industrial-grade speakers at the edge of his land and pointing them at Nygard Cay at night. But Nygardwho has estimated that he spends a good 5 percent of his day battling Baconwasnt interested. He is known for his business prowess, his charitable works, and his wealth. Bacon has two luxury craft: a 74-foot 1954 Marinette Marine Corp. vessel docked in New Suffolk, and 'Kanga' a 38-foot boat he keeps on Robins Island. It had been going on for years, but in 2009, around the time the fire burned down his house, it really got out of control. At 74, with his long white hair and vigorously spread family tree (he has had eight children with five women), Nygard is something like the Hugh Hefner of down-market retail. Bacon announced he was closing his hedge fund and returning outside investors' money in November 2019, citing years of "disappointing results.". [10], In May 2011, Bacon obtained a court order in Great Britain, where he owned property, compelling the Wikimedia Foundation, WordPress and the Denver Post to reveal the identity of anonymous persons who allegedly defamed him on their websites. During the first three semesters, he lost money and was forced to borrow money from his father to pay for necessities. Louis Bacon is a buttoned-up hedge-fund king, whose passion is conservation. The international conservation organization celebrates Louis Bacons commitment to forest health across the United States. Smith, who organized a parade where many participants wore K.K.K. But no. Robins Island, the private estate of finance billionaire Louis Bacon (inset), could be worth as much as $500 million, local brokers said. A sailor in Montauk dressed in a dark tan safari vest and truckers cap emblazoned with the word CASH added that he has heard urban legends about Robins Island. He also owns a grouse moor in Scotland and a hunting lodge in the North of England. In addition to his residence on the Upper East Side, he owns a weekend home on Robins Island, off the coast of Southampton, Long Island, where he hosts polo matches and driven-pheasant shoots. It was Bacon's second marriage. He has poor kids and athletes out to his house every day, says his best friend, Carlos Mackey, who is the host of a sports program on local TV. "[11][15] Automattic, which owns WordPress, said Bacon would need a court order but agreed to remove any defamatory material from its websites. While neither the notoriously press-shy Bacon nor his philanthropic Moore Charitable Foundation would comment to The Post, a spokesman did make clear that regular hunting parties and celebrity sightings on Robins Island were no more than idle gossip.The official word about Buffett, for instance, is that no one knows anything about the king of the Parrotheads ever dropping by for a friendly visit. They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement. Nygard filed a counterclaim and tells anybody who will listen that Bacon is trying to destroy him out of a simple desire to take over his property, claiming that some years agoNygard cant recall whena real-estate agent came to his house on Bacons behalf and offered $100 million for the place. In a glass-tower office, framed by views of the Manhattan skyline and the Hudson River, Bacon, 59 years old and sitting tall in a chrome-and-leather chair, is surrounded by trading screens, clocks set to the times of various overseas markets, squash and yachting magazines, model aircraft. Was Tiffany involved? Other postings accused Bacon of taking credit for the efforts of local activists when he accepted the Audubon Medal for preserving Clifton Bay in 2013, and called his acceptance speech, which jokingly cited Gone with the Wind, racist. That was settled two years ago, a rare moment of dtente that could have opened the way to broader peace talks. He is famous in the Bahamas. Aestheticallyshirt unbuttoned to the navel, tight black jeans, and some sort of glitter he applies to his suntanned arms after showeringhe brings to mind a mash-up of Sam Walton and Gunther Gebel-Williams, the circus-animal trainer. Eddie Lampert, Louis Bacon and James Dinan are the latest drop-offs. Its a better entrance for his guests and better for me too.. In the late 1980s, Suffolk County nearly purchased it to help preserve the land which was one of the last largely undeveloped areas on the East End but politics got in the way of a deal. Louis Bacon is an American investor and hedge fund manager who founded Moore Global Investments in 1989, which is a New York-based hedge fund with a Q4 13F portfolio worth over $5 billion, as. To the extent you have used me as a straw man in your fights, you will need to find someone else now. In another e-mail Bacon offered to sell it to him at a discount, below the asking price of $35 million. A native of North Carolina, Mr. Bacon earned an M.B.A. in Finance from Columbia Business School in New York and holds a Bachelor of Arts degree in American Literature from Middlebury College in Vermont. Then a sex scandal rocked his marriage and ended his lucrative stewardship of the evangelical education empire founded by his father. 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