I would tell him what happened, and he said, Take photographs and refer it to the legal department. He responds to Peter Nygard as a problem that needs to be taken care of., Until he filed his defamation suit, this year, Bacon fought Nygard mostly under the auspices of an environmental campaign, joined by many Lyford residents, that sought to rectify changes to the coastline they claim Nygard is responsible for. Those disputes allowed Bacon to swoop in to buy Robins Island on the cheap. He probably enjoys this, Bacon says. The signs (which Nygard says have since been taken down) are pointed out toward the water, in case anybody sailing by in Clifton Bay should want to know more about the man. (The queen was Noor of Jordan.) There is a formal process to get into Lyford, says Chris Brady, a lifelong member. [2][3] Bacon met Walter Frank while he was working on a fishing boat on Long Island. and crisis-response firm that, in addition to many less controversial clients, has represented the Church of Scientology and Jeffrey Epstein, the New York financier imprisoned in 2008 for soliciting under-age prostitutes. The pool and gazebo at Nygards six-acre estate. (He bought the entire 445-acre island in 1993 for $11 million.) A lot of us in the old line viewed him as a curiosity. An examination of the most recent short interest data revealed these five Louis Bacon stocks with particularly high short interest, as measured by "days to cover." Moore Capital, founded in March 1989, is a private investment management firm that invests in the global financial markets and private equity markets. 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. Dealing with Nygard, he says, is like having dog shit on your shoe. (Nygards riposte: I recommend that he change his shoes.), He is short on dialogue: he has little to say that his lawyers cant say for him, because hes doing his best to appear aloof, as if to assert that the feud has failed to get the better of him. It is less a driveway than a roadbut also a portion of road that is shared by both neighbors and nobody else, owing to how it cuts right through one mans property and ends at the other mans, which occupies the westernmost tip of the island. Wendall Jones, the publisher of The Bahama Journal, says, The residents of Lyford Cay say they dont appreciate his flamboyance when what they dont like is the fact that he invites so many black people over. 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. We've received your submission. He is obsessed with longevity. Soon, theyre joined by a couple of other women, who have just arrived from Miami, and several members of the Bahamian mens volleyball team. (The road itself he saw fit to name E. P. Taylor Drive.) They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement. He attended Middlebury College in Vermont where he received his BA in American literature, graduating in 1979. Two yachts and a private plane; Contributions to Andrew Cuomo: $48,600 Contributions to New Yorkers for a Balanced Albany: $325,000. Last night, the famously private hedge fund tycoon Louis Bacon, let down his guard about loving the land. In 2014, 103 locals put their names on a complaint against the Bahamian government, demanding that certain procedures be followed in order for Nygard to get legal clearance to rebuild. [3], In December 2013, Bacon purchased Taos Ski Valley from the Blake family, who had owned it since 1954. Because both of them happen to be billionaires, it is a picturesque driveway, lined by casuarina trees and triple Alexander palms, 200 feet north of a stunning body of water known as Clifton Bay and 100 feet south of an even more stunning vista upon the Atlantic Ocean. One of Wall Street's macro-trading legends, Louis Bacon cut his teeth as a commodities and currencies trader, earning big profits in the 1987 crash. Bacon arrived next door at Point House in 1994. This chart appears in the Mar. But I agree with it. Has he bankrolled it? The retired media executive added that hes heard about well-attended bird hunts on the island.I heard that Jimmy Buffett was shooting there in November, he said. 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. Every Finn starts with the saunas.. As of February 2017, Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400. Instead, everybody stays up until three A.M. playing poker. 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. Giant urns belch smoke like volcanoes. In January 2015, he leveled a $100 million defamation complaint against Nygard in New York, where both mens businesses are headquartered. Nygard insists that his place was the Eighth Wonder of the World until Bacon ruined it. Who Is Louis Bacon. Click here for a larger version of our map of billionaire/celebrity networks. [26], In 1992, Bacon created The Moore Charitable Foundation (MCF) to provide financial support to nonprofit organizations that work to preserve and protect wildlife habitat and improve water systems. His response isnt emotional, Ian Levy says. He didnt want me to leave, Bacon says, meaning that, thanks to being freighted with a ton of neighborly litigation, Point House is essentially unsellable. Full-grown oak trees have been replanted to replace ones previously harvested, grasses not native to the area have been removed and the herds of deer once overrunning the island have been culled. Former Interior Secretary Ken Salazar and conservation philanthropist Louis Bacon say super fires should not be the new normal. [37], American hedge fund manager and billionaire, Litigation involving the Wikimedia Foundation Outcomes in favor of the plaintiffs, "Billionaire Louis Bacon battles to protect his ranch from big utilities' solar-power plans", "Louis Bacon Tries to Turn Around Taos Ski Valley", "The 5 Stocks Billionaire Louis Bacon Can't Stop Buying", "US billionaire wins high court order over Wikipedia 'defamation', "U.S. Law Protects Anonymous Speech, Not Billionaires", "Peter Nygard files RICO suit against billionaire Bahamas neighbour", "Meet cash king Louis Bacon: the richest hedge fund manager in London", "Weddings and celebrations - Gabrielle Sacconaghi, Louis Bacon", "Conservationist buys state's biggest ranch", "Tory donor funds British marine reserve", "Million-Dollar Donors in the 2016 Presidential Race", "Board of Overseers: About: Louis Bacon '81", "Non profit news and comments - "Donor of the Day: Helping Protect the Hudson River." Photo by Charles Eshelman/FilmMagic/Getty Images. As a former yacht captain, if I am sailing and my owner decides to cross with another boat, the other captain and I wont even refer to our boats owners by name. Bacon famously donated a conservation easement of more than 500 acres in Cow Neck to Peconic Land Trust in 2001, according to The New York Times . [2] He subsequently received his MBA degree in finance at Columbia Business School in 1981. 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. 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 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. New York hedge-fund manager Louis Bacon, 61, has filed a $50million defamation suit against Canadian clothing tycoon, Peter Nygard, 71. Moore Capital, founded in March 1989, is a private investment management firm that invests in the global financial markets and private equity markets. 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. 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. At that time the islands ownership was under dispute it had been under dispute since the Revolutionary War, when it was seized from its Loyalist owner, Parker Wickham, by Patriot members of the Culper Spy Ring. The decision was criticised, as no achievement by Bacon on behalf of Austria was documented. He ignored Bacons offer and soon hit him with another lawsuit, and the Internet campaign against him was launched. Bacon and his wife, Gabrielle, at the Metropolitan Museum of Art, New York, 2014. [27] Bacon has donated more than one million dollars to the environmental non-profit organization Riverkeeper. All Rights Reserved. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. For the preceding 400 years it had been known as Simms Point. The pair live in the Clifton Bay area of the Bahamas. Then, in October, the judge dismissed Nygards counterclaim against Bacon, writing that it constituted merely an attempt at retaliation, which is prohibited by the courts. [5], After receiving his MBA, Bacon joined the sales and trading program at Bankers Trust. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. If it were just raw land, Id guess Robins Island would be worth about a $100 million, Corcorans Susan Breitenbach guessed, noting that she has never visited the island. At 24 he purchased a share in a clothing-manufacturing company with an $8,000 loan, and before long renamed it Nygard. Its not the first time Bacon has preserved insanely valuable real estate. In the time since Nygard began living there, his piece of land has grown from 3.25 acres to 6.1 acres. Right in Bacons front yard! He bought his house, a modest beach bungalow, in 1984 for $1.76 million. It was horrible squawking sounds that would drive you out of your mind, says Eric Gibson, Nygards former property manager. 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. He is famous in the Bahamas. Was Tiffany involved? one goal in mind--to make it America's next great downhill mecca. 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 political group, called Americas Conservation PAC, which is dedicated to strengthening our nations long-standing, bipartisan tradition of conserving lands and cultural resources for [], Louis Bacon, the 55 year old founder and Chief Executive Officer of Moore Capital, a man Forbes estimates is worth $1.4 billion, recently completed a deal to acquire New Mexico ski resort Taos. It just screamed resolution, one of their lawyers says. Hes struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. He adds that all the land hes been mandated to return to the Bahamas had been unofficially leased to him. Nygard says he wants Bacon to leave Lyford Cay: I think, at this point, it would be better if he did. He would consider nothing less a satisfactory end to their grudge match. 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. And one mans overflow of parked cars along the driveway on that sleepless neighbors side of the property line is another mans reason to have the section of the driveway that cuts through his property re-graded and rebuilt, adding a dip and tall flagstone walls on either side, leaving no shoulder space for anybody to ever conceivably think of parking there, while also screening the driveway from view. 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