Chris Burch is a renowned businessman and entrepreneur. In the year 2012, Forbes listed him among the world’s billionaire, courtesy to his ownership of C. Wonder. He is currently the CEO and founder of Burch Creative Capital and is a co-founder of Tory Burch. Burch Creative Capital is one of the leading companies in the venture capital management industry. It is also involved in the development of various successful brands. Tory Burch on the other hand is a Luxury fashion line.
Personal Life History
The billionaire that is Burch was born in Wayne in the year 1953. He is a self-made successful businessman who was born in a middle-class family of ten children. Burch knew that no one was going to hand it to him on a silver platter. He had to work hard in order to make it.
Burch had a very humble career beginning. He began in the fashion industry back in the year 1976. As a student of Ithaca College, he collaborated with his brother and together they would buy sweaters and sell them to their peers, in college, at a profit. This investment cost them $2,000 in capital and they named it Eagle Eye. For each sweater sold, they would make around $5 in profit. Their operations expanded with time, from selling to Ithaca college students to selling to other universities and then to retail stores.
Eagle Eye was growing rapidly and by the year 1986, the company had made about $140 million in sales. This was quite a success, given that they only started with $2,000 and had grown this startup to be a national company that had over 50 retail stores all over the country. A decade later, the company’s net-worth had grown to over $60 million.
In the year 2004, Burch co-founded Tory Burch, which is a fashion line. He held some shares of the company and acted as its co-chairman. In the year 2012, he sold half of his shares of the company. Four years after he had co-founded Tory Burch, he formed J. Christopher Capital LLC. Since then, the company has been renamed Burch Creative Capital. Three years later, he also founded C. Wonder, a home décor retailer that would also be involved in the sale of apparel and accessories. Four years later he sold over the company to Xcel Brands.