But depending on whats out there in terms of infrastructure, it might be worth from $200 million to $500 million.. 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. Where Nygard has made a visible mark on the cay with his estate, Bacon wants his country houses known for how meticulously they fit into their surroundings. Born to wealthy family in North Carolina, Bacon made his bones on Wall Street as an investor and hedge fund manager, starting Moore Global Investments in 1990 with $25,000 of family money and turning it in to one of the most lucrative hedge funds ever.But while most masters of the universe tend to take an interest in Hamptons real estate once theyve made their fortune, Bacons interest in Robins Island started back in his college days, when he worked on a charter fishing boat out of Montauk and regularly sailed past the island. As for his place in Lyford, Point House, you might never guess that the owner is this rich. He sued the government. 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. Hes a philosopher, a visionary, a genius. 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. 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. [16] Nygrd and Bacon had been previously engaged in a protracted legal dispute over two adjacent properties they own in the Bahamas. He no longer holds his Sunday-night pamper parties, which offered everybody free spa treatments. His market insights allowed him to profit during the market crash and subsequent rebound. Reflects change since 5 pm ET of prior trading day. 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. This page was last edited on 11 November 2022, at 06:41. 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. Ad Choices. The hedge fund he owns and runs has some $15 billion under management, and his estimated net worth is $1.75 billion. 8 His latest yacht has an indoor paddle tennis court. Theyre not parties the typical Lyford Cay family is having with their grandchildren. Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. ("Foundation"). He probably enjoys this, Bacon says. Bacon responded by suing Nygard and obtaining a court injunction to remove it. 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. Instead, everybody stays up until three A.M. playing poker. Hedge fund billionaire Louis Bacon's gardener is found in the buff and in the Jacuzziand also dead. What Nygard has accused me of is beyond the pale, Bacon says. The battle between hedge-fund billionaire Louis Bacon and clothing magnate Peter Nygrd escalates with accusations in a New York court. It has reached a point where neither man, though each used to consider Lyford Cay his rightful home, spends much time there anymore. Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees. I had some of my boats out there. [2][4], While at Columbia, Bacon traded commodities using a low interest loan he had received. Im one of them., So was the first President Bush, who struck up a friendship with Nygard after Nicholas Brady took him to Nygard Cay once to marvel at the place. He is obsessed with longevity. Nevertheless, he has fought to have the footage ruled inadmissible. You know that song, Someone left the cake out in the rain? 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. In February 2007, the pair married in a civil ceremony in his Manhattan residence. Nygard had mentioned in a letter to the prime minister that a stem-cell center on the island could provide employment for hundreds of Bahamians, but insists that he had no intention of building it at Nygard Cay. The multi-hued structures are festooned with thousands of colored lightbulbs. 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. 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.. Long before the puddle, Nygard clashed stylistically with much of the Lyford Cay establishment. Legendary trader Louis Bacon told his investors on Thursday that he would be closing his big multi-manager hedge funds, another signal of the increasing difficulty traders are having making. They all consider driving to town for the parade celebrating Junkanoo, a national holiday. 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. There is a formal process to get into Lyford, says Chris Brady, a lifelong member. Im into a lot of other kind of design, the New York designits more techy, he says. But I agree with it. Has he bankrolled it? And it helps if you buy an expensive piece of land and you keep your bad behavior on the down low. (Bacon has said he made no such offer and was never interested in acquiring Nygards land. Coiled stone cobras hiss steam at sunset. Its a better entrance for his guests and better for me too.. Many from Lyford Cay would celebrate their weddings, anniversaries, and other special events at Nygard Cay, or bring their V.I.P. On his TV is a frozen picture of Bacon bearing the words 5 Lies of Bacon. Outside, on his volleyball court, one of several large signs reads, ITS [sic] TIME TO THROW THE TRASH OUT! I dont know if theres any substance to it, but I was told Captain Kidd buried treasure there, the sailor, who asked to remain anonymous, said. 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. And it had mosquitoes. HMCo #583s Gamecock [Game Cock]. 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. What is it that Im working on? Its blood sport to him. He acknowledges that he feels something similar, with no intention of raising the white flag. The former was founded in 1989, and the latter in 1990. Louis Bacon is one of the most famous traders in the world. They confiscated the speakers. But the very fact that area brokers, who make it their business to know the ins and outs of the Hamptons best estates, are foggy on its structures and amenities illustrates just how thick the veil of mystery is surrounding Robins Island. [35], He is the 2013 recipient of the Audubon Medal, given in recognition of outstanding achievement in the field of conservation and environmental protection. I dont know if theres any substance to it, but I was told Captain Kidd buried treasure there. In the early days, my dad would sit at the little kitchen counter in the window and do his designs on napkins, says his eldest daughter, Bianca, who works for the Nygard corporation. In a series of exclusive interviews, Falwellaccompanied by his wife, Beckidescribes the events that led to his ouster, their fallout, and why hes finally ready to admit he never had much use for his fathers church anyway. 03 - YACHT CLUB AT PORTOFINO 04 - MURANO 05 - CONTINUUM TOWERS 06 - MURANO GRANDE 07 - ICON 08 - APOGEE 09 - ONE OCEAN 10 - SOUTH POINTE PARK Louis Bacon files $50 MILLION defamation suit against The exclusive Bahamas compounda favorite of billionaires and playboyshas been thrust into the spotlight by a a decades-long feud between neighbors Peter Nygard and Louis Bacon. [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." Best Restaurants in Fort Lauderdale He has never denounced his great-grandfather, Smith says. 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. They approved it by letter and after a while it sort of grandfathers itself in, he says. 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. He adds that all the land hes been mandated to return to the Bahamas had been unofficially leased to him. 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. But his hearts as big as Shamu the whale. Nygard is well known throughout the Bahamas for his financial support of the countrys Olympic running squads, among many other charities. Affiliates include TheTrinchera Blanca Foundation, TheTercio Ranch Foundation, The Taos Ski Valley Foundation, TheRobins Island Foundation, TheOrton Foundation, The Moore Bahamas Foundation, and The Islas Secas Foundation. An easement is what the driveways creator, the developer E. P. Taylor, a Canadian brewing tycoon, termed this shared passage when he established Lyford Cay in 1955. Billionaire Louis Bacon purchased the soulful New Mexico ski valley with He had a suction dredge on a floating platform, to move sand onshore, going day and night. Some worried that in rebuilding Nygard Cay he would try to obtain permission to turn the property into a commercial resort or a stem-cell research facility. ), even though his lots location at the tip of the peninsula meant that it was not deeded within the L.C.P.O.A. Eddie Lampert, Louis Bacon and James Dinan are the latest drop-offs. 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. This easement will provide the founding tract for the proposed new Sangre de Cristo Conservation Area. Louis Moore Bacon is a hedge fund manager and philanthropist. Last night, the famously private hedge fund tycoon Louis Bacon, let down his guard about loving the land. Years earlier, Nygard had obtained a government permit to redirect the sand. 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. Now, a nearly decades long-feud between neighboring billionaires, Peter Nygard, a Canadian-born fashion baron, and Louis Bacon, a New York financier, has thrust the notoriously press-shy. 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. 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. The houses have names that are playfully colonial: Tra La La, Safari, Tea Time, Out of Bounds. He is the founder and chief executive of Moore Capital Management. 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. Bacon took a job on the floor of the New York Cotton Exchange, working as a "runner". Started in 1992, the Foundation supports conservation non-profits that ensure the preservation of land, water and wildlife habitats for future generations. The 289-foot yacht is the largest private sailboat in the world based . Ill never have that recipe again. Hes got no idea how much money he put into it the first time. louis bacon Bacon, Louis, banker; born Boston, 1872; son of Francis E., and Louisa (Crowningshield) Bacon; attended St. Paul's School, Concord, N. H., and graduated from Harvard College, A.B. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. Under a program to improve forest health, philanthropist Louis Bacon owns a saw mill near his Colorado ranch that helps thin forests, clear dead tree and reduce the threat of catastrophic fire. 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. [3], In December 2013, Bacon purchased Taos Ski Valley from the Blake family, who had owned it since 1954. Smith, who organized a parade where many participants wore K.K.K. Thanks for contacting us. North Havens John Diat, 59, said that the waters around Robins are famed for their fishing but hes less certain about what might happen on the island itself. 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. 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. 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. The court granted Bacon's application to serve a Norwich Pharmacal Order by email against these websites. 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. I have my own life, you know? 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. Recently, Mr. Bacon was recognized for his commitment to conservation with several honors, including the Theodore Roosevelt Conservation Partnership (TRCP) Lifetime Conservation Achievement Award, the Audubon Medal, the Chairmans Leadership Award from the National Fish and Wildlife Foundation and theLand Trust Alliance Presidents Awardfrom1,700 land trusts across the country. Linney acted alongside Kevin Bacon in Clint Eastwood-directed Mystic River ( 2003). "[11][15] Automattic, which owns WordPress, said Bacon would need a court order but agreed to remove any defamatory material from its websites. Bacon also has a prop plane, a 1999 Mooney M20. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a dayvitamins, supplements, pharmaceuticals, he says. I moved to Nygard Cay because its the most beautiful property in the world, and it happened to be that to get to it I had to go through Lyford Cay., The Lyford Cay Cluba golf-and-tennis facility with a majestically frayed pink clubhouseis the social hub of the community, and according to members, Nygard was discouraged from applying by people who broached the matter on his behalf with the membership committee. Then a sex scandal rocked his marriage and ended his lucrative stewardship of the evangelical education empire founded by his father. 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. Reclusive billionaire Louis Moore Bacon is emerging from the shadows in a southern Colorado showdown over solar-power transmission lines. People were worried about the security of our investors information.. Was Tiffany involved? I helped to save his life, Nygard says of the time Bacon and his property manager got marooned during a fishing expedition. I never moved here to Nygard Cay because of Lyford Cay. By Eric. His father, Zachary Bacon Jr., founded real estate company Bacon & Co. and later led Prudential Financials and Merrill Lynchs real estate efforts in North Carolina. In addition to his work in Colorado, Bacon has helped preserve and protect environmentally sensitive land in New York, North Carolina, and the Bahamas. Define "Right Sidebebar Menu" from Menu Locations, The Suffolk Times recounts the history of Robins Island and Louis Bacon's work to preserve the jewel of the Peconic.. But that was then, and this is now. Legal experts suggested compliance with the orders was unlikely, given the US tradition of freedom of speech, and the fact that US courts typically required "actual evidence or sufficient allegations of libel" before granting similar orders. But dont worry too much about Bacon: he still has Captain Kidds treasure to fall back on. This was my dream, my life wrapped up in here. But tonight hes still having fun. Nygard says he plans to appeal. [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. 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. I was part of his search committee. Bacon relates the same incident, though he says that Nygard was most ungallant. 2023 Cond Nast. 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. Moore Capital's Louis Bacon is running out of ideas amid a volatile macro-economic environment. (Bradys father, Nicholas Brady, was secretary of the Treasury under President George H. W. But unlike his peers, who have built out-of-scale, Bond villain-esque lairs in the Hamptons, South Florida, Beverly Hills or Aspen, Bacon gave his fortress of solitude to the birds. Nygard and his friends sometimes refer to his estate as Disneyland on steroids. Chichn Ibiza is more like it. 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. A protracted legal dispute over two adjacent properties they own in the buff and in world... Him to profit during the market crash and subsequent rebound fund he owns and runs has $! Foundation, Inc. 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