Linney acted alongside Kevin Bacon in Clint Eastwood-directed Mystic River ( 2003). Bacon, who founded Moore Capital in 1989 with a $25,000 inheritance. What is it that Im working on? The owner just wont let you over there to search for it.. There was also the matter of sand. Bacon hasnt set foot in the Bahamas in more than a year, claiming it would put his personal safety at risk. In a court filing, he referred to it as a toilet drain., Nygard likes the idea that people think theyre going to a separate island when they go to his place, says Louis Bacon, a titan of New York finance and the neighbor who constructed the strategic no-parking zone. 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. [24] In 2015, Bacon donated $1 million to a Super PAC supporting the presidential candidacy of Jeb Bush. The Moore Charitable Foundation, which primarily works in land and wildlife conservation, claim it lost $16 million in Andrew Caspersens fraudulent scheme and are demanding PJT Partners pay it back plus interest. (Bradys father, Nicholas Brady, was secretary of the Treasury under President George H. W. Click here for a larger version of our map of billionaire/celebrity networks. Even as its distasteful. Nygard believes Bacon has a nasty habit of accusing other people of what he is guilty of himself., Bacon says Nygard Cay is nothing more than eye pollution.. My wife called him, and he came over to our house. It Was Catastrophic: Inside Prince Andrews Misguided Bid to Explain Away Epstein, In the wake of Jeffrey Epsteins arrest and apparent suicide, Prince Andrew moved from the fringe of a swirling underage-sex scandal toward its white-hot center. Even the Levys uniforms are low-key: matching polo shirts with the Point House logo, a simple childs drawing of a cottage. In this world, you dont disclose a lot, says Ian Levy, who, with his wife, Charlotte, manages the household staff of seven (more when the Bacons are there). [2] Bacon later worked as a broker and trader of financial futures at Shearson Lehman Brothers and eventually became the senior vice president for their futures trading division. Resting off the coast of Long . Early residents included Henry Ford II, Aga Khan IV, Prince Rainier III of Monaco, Huntington Hartford II, Babe Paley, and certainly the most beautiful women and some of the most powerful men in the world, Town & Country reported in 1975, marveling at how the private telephone directory for 120 villas listed Heinz and Menzies, Goulandris and Niarchos, McMahon and Mellon. The piece was accompanied by a lavish Slim Aarons photo spread. Moore Capital Management; Gary Gershoff/WireImage, 2023 NYP Holdings, Inc. All Rights Reserved, Reporterdishes on his unique access to Ponzi schemer Bernie Madoff, Yellowstone-inspired ranch in the Hamptons goes up for rent, Alec and Hilaria Baldwin shave $4M off Hamptons farmhouse, Hugh Jackman puts his dream minimalist Hamptons home up for rent. It wasnt vengeance, he says. 6 He is an art collector. Today, Robins Island provides a safe haven for threatened local shorebirds, including terns, piping plovers, sandpipers and oystercatchers. The two men are next-door neighbors in Lyford Cay, a gated community on New Providence, an island in the Bahamas, and for years it had been a peaceful adjacency. Bacon and Nygards neighbors prefer to keep a low profile: Count and Countess de Ravenel, of France; the Brazilian re-insurance magnate Antonio Braga; Jane Lewis, wife of the English investor Joe Lewis. Bacon responded by suing Nygard and obtaining a court injunction to remove it. But Nygard got off to a bad start. Nygard says he never tried to join the club, and also denies being a bully, adding, Most of my relationships with the Lyford Cay community were pristine until Louis Bacon came and destroyed many of them. Some things you should know about Nygard: His personal history involves emigrating from Finland to Manitoba with his family when he was eight and living out of a converted coalbin. The Tao of Taos: Can Louis Bacon Make New Mexico's Soulful Ski Valley a Downhill Mecca? hoods and carried anti-Bacon signs, said he came up with the idea after he noticed, on some New York library or historical-society Web site, that someone with the same name as Bacons mother mentioned that her grandfather had been a Klan leader in North Carolina. Nygard says that he has not seen the footage and that his lawyers dispute this account. 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 might have done that. Soon, theyre joined by a couple of other women, who have just arrived from Miami, and several members of the Bahamian mens volleyball team. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He was a bit of a headache, but it was largely cordial at first. Nygard says he and Baconan odd couple if ever there was oneinvited each other for drinks at their homes. He is the founder and chief executive of Moore Capital Management. 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. People he employed posted an elaborate series of YouTube videos and launched fake news Web siteswith names such as Bahamas Citizen and Bahamas Nationaldevoted to ruining Bacons name. (The road itself he saw fit to name E. P. Taylor Drive.) Years earlier, Nygard had obtained a government permit to redirect the sand. 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. Bacon is a well-known American investor, hedge fund manager, and philanthropist. It was horrible squawking sounds that would drive you out of your mind, says Eric Gibson, Nygards former property manager. Hedge fund managers have been displaced on the Forbes 400 over the last two years not only by tech billionaires, but by a fish stick king, meat processor, vodka distiller and ice tea brewer. Louis Moore Bacon is the founder, Chairman and principal investment manager of Moore Capital Management, LP (Moore Capital). We hired a sound consultant in the U.K. to see if we could somehow muffle the sound from Nygards by emitting a counter-sound, but that proved terribly complicated, so we went and got four huge rock-concert speakers to play something loud in response, Bacons architect, Peter Talty, says. How hard is it really, to connect Kevin Bacon to other actors? I had some of my boats out there. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. Prior to founding Moore Capital, Mr. Bacon was a Senior Vice President-Futures at Shearson Lehman Brothers Inc. You have to take off your top if we go, he jokes with one of the ladies, flipping his hands upward from his shoulders to pantomime. Bacon landed at Shearson Lehman Hutton in 1983 as a futures broker, trading on behalf of some of the biggest names in the hedge fund world. For a 27-year-old, Bacon deployed a powerful Rolodex. They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement. The Trinchera section of the ranch is currently protected by an easement administered by Colorado Open Lands. Moore Capital Investments didn't perform so well this year, and the major investment return was coupled with the "big cut" in the investment firm. Louis doesnt like attention in the first place, says his college friend and Lyford neighbor, Chris Brady. 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. Todays roster is sleepy by comparison: aside from Sean Connery (who, nearly a half-dozen James Bonds ago, shot Thunderball and several other films here), there are scores of semi-anonymous businessmen or their progeny. The common denominator is his engagement in natural resources, an astute sensitivity to all the components that make a habitat conducive to the area in question, says Peter Talty, an architect who works for Bacons own personal property-management company. But no. 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. As for his place in Lyford, Point House, you might never guess that the owner is this rich. Bacon and his wife, Gabrielle, at the Metropolitan Museum of Art, New York, 2014. The multi-hued structures are festooned with thousands of colored lightbulbs. Mr. Bacon currently serves on the Board of Overseers at Columbia Business School. He is the founder and chief executive of Moore Capital Management. [5], In 2007, he married Gabrielle Sacconaghi in Manhattan. New York hedge-fund manager Louis Bacon, 61, has filed a $50million defamation suit against Canadian clothing tycoon, Peter Nygard, 71. Forbes magazine named Louis Bacon as the 746th . Bahamian environmentalists employed by Save the Bays, an organization that Bacon and several other Lyford residents would later set up chiefly to combat Nygard, cite significant damage to the coastline84,000 square meters of the seafloor that Nygards dredging gambit destroyed, according to one study. Peter Nygard is a hard-partying retail tycoon, whose estate is fit for a Mayan emperor. Nevertheless, he has fought to have the footage ruled inadmissible. Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017. But Nygardwho has estimated that he spends a good 5 percent of his day battling Baconwasnt interested. Ski and Snowboard Team Foundation. Bacon's environmental preservation-focused Moore Charitable Trust was defrauded out of $25 million by jailed banker Andy Caspersen. Who Is Louis Bacon. He previously held positions at Walter N. Frank & Co., a NYSE specialist firm, and at Bankers Trust. Hes struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. Is there any chance this could lead to prison time? [9], As of March 2022, Bacon holds a substantial interest in EV startup, Fisker Inc. with Bacon's Moore Capital Management holding 8.45 million Fisker shares. He has seven children, four with his first wife and three with his current wife. Thanks for contacting us. Thats kind of funny when you think about it, particularly since his name is Bacon.. At Lyford, there isnt a mechanism to deal with that kind of ostentatiousness. New York hedge fund billionaire Louis Bacon announced today his intentions to donate 90,000 acres of land in Colorado toward the creation of the Sangre de Cristo Conservation Area. In his mirrored gym, which now functions as the dining room, he eats dinner and downs the contents of a meticulously marked Baggie full of pills handed to him by a young personal assistant. Louis Moore Bacon, whose firm has been caught up in an insider trading scandal today, purchased the beautiful Robins Island back in 1993 for a mere $11 million. Hes a member of the Racquet and Tennis Club and the Union Club of the City of New York. The dip created a drainage problem when it rained: the puddling. Louis Bacon Uses Chevron's Tool To Fight Neighbor And Clothing Magnate Peter Nygard, With His New PAC, Louis Bacon Becomes Latest Hedge Funder To Get Politically Active, Colorado Hedge Fund Billionaire Louis Bacon Buys Taos, New Mexico, Ski Resort, Audubon Society Gala Honors Louis Bacon, Bette Midler Sings Birdie Tunes, Louis Bacon Loves Birds, Bette Midler Can't Remember, And Other Scenes From The Audubon Gala At The Plaza Hotel, Hedge Fund Giant Louis Bacon's Bold Mission To Save The American West, Billionaire Hedge Fund Manager Returns $2B To Investors, Blames Merkel, Hedge Fund Billionaire Louis Bacon To Donate 90,000 Acres For Colorado Conservation Area, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. His Colorado donation of 167,000 acres on the Trinchera Blanca Ranch to the US Fish and Wildlife Service was the largest it ever received. Its simply your owner and my owner. Even so, he does acknowledge that a sitting queen and a former king have been guests of the Bacons. It would mean returning all that sand to the Bahamas rightful seabed, shrinking his property back down to its original dimensions. Nygard has filed multiple lawsuits, and the CBC has removed the piece from the Internet. Nygard says the accretion to his acreage was brought about by a severe change in ocean currents in the 1990s, and points to a study he commissioned that concluded his dredging had little impact on the coastline. It just tore a heart out of me, Nygard says. But depending on whats out there in terms of infrastructure, it might be worth from $200 million to $500 million.. 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. Louis Bacon's House - Virtual Globetrotting West Harbour, New Providence (aka Nassau So, after vacationing with his family on North Island in Seychelles, he bought it for a whopping $35 million. Louis Moore Bacon is a hedge fund manager and philanthropist. Member firm Edgerly & Crocker since 1900; also of Central Aguirre Sugar Co. Republican. He flies there in a private jet that bears the words PETER NYGARD N FORCE and once reportedly had a strippers pole inside. guests over, including royalty from around the world., Yet, Laughlin says, When somebody comes in whos of a different character and doesnt make much of an effort to assimilate, some communities are better able to deal with that than others. 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. Of course he does. Nygard dispatched workers in the middle of the night to remove the non-locking cast-iron gates from the entrance to Bacons property, to rip up four sets of speed bumps on the portion of the driveway that cut through Bacons land, and to cover the NO TURNAROUND: PRIVATE PROPERTY warning that was painted on the shared road, replacing it with the words NYGARD CAY. And around it, the adjacent properties are dark., From time to time I see the procession of people coming to his partiesmotorcades full of these attractive girls, says Jean-Charles de Ravenel. I helped to save his life, Nygard says of the time Bacon and his property manager got marooned during a fishing expedition. Bacon sought the order so that he could launch defamation proceedings against online commenters he alleged to have posted libelous material about him on these websites. Smith, who organized a parade where many participants wore K.K.K. The policemen didnt wear nametags. Bacon was mortified and says the chief of police told him that the sergeant in charge of the raid had acted without authorization and that Nygard had put him up to it. Nygard says that he and his guests had merely called the police because, that week, they were exposed to intolerable screeching from Bacons speakers. The pair live in the Clifton Bay area of the Bahamas. The objections to offshore drilling are economic, environmental and bipartisan. A part of the collection travels with him at his yacht. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a dayvitamins, supplements, pharmaceuticals, he says. It may be that the only thing Bacon and Nygard have in common, besides a Lyford Cay address, is their joint refusal to ever back down. Many from Lyford Cay would celebrate their weddings, anniversaries, and other special events at Nygard Cay, or bring their V.I.P. [8] In March 2010 Forbes Magazine estimated Bacon's net worth to be $1.5 billion, and ranked him as the 655th richest person in the world. Another ancestor, Bartholomew Moore, was a lawyer who argued in a landmark case that slaves had the legal right to protect themselves from a violent master. In January 2015, he leveled a $100 million defamation complaint against Nygard in New York, where both mens businesses are headquartered. agencies in clover.In one 2015 suit, Nygard accused Bacon of floating $50,000 worth of cocaine in the waters just off shore The bickering has been so prolific that it produced court actions from New York to London to Los Angeles, where a former Nygard employee was accused of stealing video footage for Bacon's benefit.The litigation took its most recent turn on Nov. 15, when the Bahamas Supreme Court sentenced Nygard, 76, to 90 days in prison and fined him $150,000 over his alleged theft of . Former Interior Secretary Ken Salazar and conservation philanthropist Louis Bacon say super fires should not be the new normal. 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. Nygard, the suit alleges, has been the ringleader behind a vast multi-media smear campaignTV and radio ads purchased, Web sites created, videos doctored, T-shirts printed, and even hate rallies staged with parades through Nassauall in the name of labeling Bacon a racist, a thief, and a terrorist, and bearing messages such as BACON GO HOME. Bacon announced he was closing his hedge fund and returning outside investors' money in November 2019, citing years of "disappointing results.". 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. How Much Is Louis Bacon Worth If you have any problems, any concerns, any annoyancesjust ask me direct Im sure we can work them out amicably., To which Bacon replied, You are the one with the various lawsuits against me Peter, so I find this quizzical. Soon afterward, Bacon pulled his three youngest children out of school in Lyford Cay and requested that the 70-person offshore advisement desk that handles his client records be moved out of the Bahamas.
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