Moore's Bacon Buys Ancestor's North Carolina Plantation

Dec 3 2010 | 11:58am ET

His real-estate troubles in Colorado aren't keeping Louis Bacon from buying more of it.

The Moore Capital Management founder has closed on a historic estate in North Carolina originally built by one of his forebears for $45 million. The 8,300 acre Orton Plantation is located in southern North Carolina, just outside of Wilmington.

Bacon has family in the Wilmington area and grew up in Raleigh. The Orton Plantation house was built in 1725 by Roger Moore, an ancestor of the billionaire hedge fund manager.

The Sprunt family, which sold the estate, said Bacon is still unsure of what he'll do with the new property. Orton Plantation had been open to the public before closing for renovations in June.

Bacon, who lives in London, is a well-known conservationist and is currently battling to keep a 140-mile power line from being built through his 250-square-mile ranch in southern Colorado. He has also removed development rights from several properties he owns in New York.

Bacon also owns a home in the Bahamas.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of