Recently Chris Burch, known for his role in helping create a fashion brand with his wife, put his hands to re-inventing Nihi, a small island in Sumba, into a 5-star resort. Nihi is located in Indonesia. Chris Burch knows influential people, and when he decided to step in and transform Nihi, he contacted his friends who jumped on board. Nihi is a lesson in what the wealth of the wealthy can accomplish in a short amount of time. Nihi was at one time no more than a surf spot on the island of Sumba, Indonesia, but today, thanks to Chris Burch it has become a 5-star getaway for shakers and movers. For both years of 2016 and Travel and Leisure has voted Nihi the #1 Hotel in the World, (nihi.com). The transformation of Nihi is no small accomplishment.
Sumba is in comparison to square miles about the size of Connecticut or over 2,260,000 acres. Sumba is a little bigger than the Big Island of Hawaii.
Chris Burch and James McBride invested $30M in purchasing Nihiwatu Resort. Before the turn of the century, Sumba was still feeling the influence of headhunters and was not known for any large deposits of natural resources. Sumba is about 50 minute flight time from Bali.
Chris Burch, Investor
Chris Burch founded Burch Creative Capital. As the active CEO of Burch Creative Capital, he invests in numerous varieties of industries. Between 2011-2017 Chris Burch invested in 17 startup companies.
Chris Burch is also the co-founder of the Tory Burch fashion brand. Chris Burch has many years of experience in branding. Chris Burch’s main interest is in apparel, financial services, and consumer products; along with hospitality and technology he applies a keen sense of sales and marketing to the brands in which he invests, check inc.com.
Chris Burch is one of the most accomplished entrepreneurs in the country who has invested in multiple ventures. Some of the industries that he has invested in include real estate, technology, and fashion. Mr. Burch has immense experience in business that spans more than 40 years. He is also the founder and CEO of Burch Creative Capital. Many renowned firms in the country have rapidly risen due to his influence. Some of these companies include Jawbone, Popin and Voss Water (burchcreativecapital.com). Mr. Burch’s intelligence in business is widely sought after. This is why he has been employed by numerous firms to bring positive impact on investment matters. Mr. Burch at one time also served at the Continuum Group and Guggenheim Capital as a board member.
Mr. Burch’s rise to prominence has been a one-day event. It started years back in 1976. At this time, he was a student at Ithaca College. Chris Burch and his brother joined hands and raised $2,000. They used the funds to buy a stake in Eagle’s Eye Company. The firm rapidly grew under their tutelage. By the time they had planned to sell it, it was worth $165 million. They sold this firm to Swire Group.
Following the sale, Chris Burch decided to venture into a different investment. He bought a stake in Internet Capital Group. Most people remember this firm for its incredible rise in stock price. Chris Burch happened to have invested in this period. With this firm, Mr. Chris Burch also met exponential success. This could be highly attributed to his experience and knowledge in business. He also could accurately project what the consumers required and used this information to advance the firm continually. Click on inc.com for an additional article. This is how Mr. Chris Burch entered into the business world, and he has never looked back since then. His perseverance has continuously kept him grounded even when things are not going according to plan.
One of the secrets behind his success is diversification of investments. Primarily he is a real estate investor who has overseen the development of various luxurious homes in Florida, Palm Beach, New York, Southampton, and Nantucket. However, he has also invested in other countries such as Argentina as well as the Indonesian island of Sumba. He has also engaged in numerous partnerships with renowned people in the country. Most of these associations have been successful. Mr. Burch is also a board member of bodies such as the Rothman Institute Orthopedic Foundation. He also served on the board of The Pierre Hotel Corp. He also donates to charity bodies regularly.