Travel + Leisure voted for Nihi Sumba Island, which used to be called Nihiwatu, as the best hotel worldwide for two consecutive years. Based in Indonesia, the luxury island resort managed to beat the Brando, which was the recent vacation spot for Barrack Obama. Chris Burch established Nihi Sumba Island. Burch is best known for co-founding or founding several retail brands that are internationally known (Tory Burch and C. Wonder) and also investing in others.
In 2012, Buch and James McBride, who is a hotelier, purchased a beach hostel based on the Indonesian island of Sumba. In 2015, they spent $30 million on the renovation of the hostel, and the hostel was re-established as a five-star resort. In 2015, Buch was interviewed by Business Jet Traveler, he said that he bought the hostel for his children and as something that preserves and also gives back to the community.
He continued saying that when people are in a place with a beautiful palette, they are capable of doing things that others can’t in different areas, such as having a butler in all the rooms, go to places that others haven’t been to, or building a spa beneath a waterfall. Wall Street Journal stated that Burch is splitting his time between his Indonesian resort, the Hamptons, and Miami. There are 27 private villas on the Nihi Sumba Island, including Burch’s private home, Raja Mendaka. That particular area has the main house and four separate villas, each having its private plunge pool. Related article on businessinsider.com
Chris Burch is the chief executive officer (CEO) and founder of a firm that manages brand development and venture investments-Burch Creative Capital. Visit their website, click burchcreativecapital.com. He has been working as an entrepreneur and investor for almost four decades. He has been part of the success of more than 50 famous brands, including Jawbone, Poppin, Voss Water, and Tory Burch. Burch was a billionaire by 2012, Forbes magazine profiled him in its yearly “The World’s Billionaires,” it stated that the 2012 valuation of his majority stake in a fashion retailer known as C. Wonder drove the net worth of Burch over a billion. Additional article on forbes.com.
For an overview of Burch various investments, check this
Burch was on Rothman Institute Orthopedic Foundation board. He served Co-op Board of Pierre Hotel as the president. He gave contribution funding for research and also philanthropic initiatives at Henry Street Settlement, China Child Welfare League, CASW (China Association of Social Work), Sumba Foundation, NYU Langone, and Mt. Sinai Hospital based in New York. More to read on fashionista.com.
Hit http://www.bjtonline.com/business-jet-news/billionaire-chris-burch and learn more about Burch.