Chris Burch has recently had his name added to the list of billionaires in the world. Growing up in a small town in Pennsylvania to a middle-income family, the last thing he ever thought about was being worth a billion dollars in his lifetime. He was, however, infatuated with entrepreneurship and the prospects of business from a very early age. Eventually, these two things came together and made Chris Burch the investing powerhouse that he is today.
Burch grew up modestly. His parents were never rich, and they worked hard to make a living. Chris’s father was a business owner himself, and he always tried to make Chris realize the power of working for yourself. After working construction at the age of 13, Chris realized that it takes a lot of hard work to make the almighty dollar, and he wanted to do it on his own terms. While at Ithaca, he and his brother had their very first entrepreneurial venture together. They created an apparel line called Eagle’s Eye, where they found a factory that was willing to make preppy sweaters for college students. This idea quickly took off, and the brothers’ $2,000 investment turned into $140 million in sales in less than a decade.
Eagle’s Eye is now far behind Chris, and he has moved up in the world to doing bigger and better investments than ever before. He created his own company, Burch Creative Capital (creativeburch.com), in order to hold all of his investments. With Burch Creative Capital, Chris has invested in some very popular companies, such as Voss Water, ED by Ellen DeGeneres, numerous luxury hotel lines, and many more. The trick for Chris is to find those companies that are in desperate need of fiscal aid. He wants to find those diamonds in the rough that are struggling, not because their idea is bad, but because it is so new and innovative that it is scaring away other investors. He wants those companies that are disruptive in their industries and that are blurring the lines between certain markets. With this strategy, he has managed to make himself worth over $1 billion in the course of his life, a feat to which very few can claim success.
Burch started off his life like many Americans. However, with a little elbow grease and a lot of drive, Chris was able to turn a $2,000 investment from the 1970s into a billion dollar enterprise today.