Patrice Pastor

Patrice Pastor
Born
Monaco
NationalityMonegasque
OccupationChairman of J.B. Pastor & Fils
Parents
RelativesMichel Pastor (paternal uncle)
Hélène Pastor (paternal aunt)
Philippe Pastor (brother)

Patrice Pastor (born 1973) is a Monegasque businessman and property developer. He has been Chairman of the Monaco development company J.B. Pastor & Fils since 2002.

Biography

The real estate empire of the Pastor family in Monaco started when the stonemason Jean-Baptiste Pastor created the construction company J.B. Pastor & Fils in 1926. His son Gildo expanded expanded the family business to real estate development. At his death in 1990, the Pastor family owned 500,000 square meters of real estate property in Monaco, a 19-billion euro fortune that was inherited by Gildo's three children: Victor (1936-2002), Hélène (1937-2014) and Michel (1943-2014). Patrice Pastor is Victor's son, and succeeded his father at the helms of J.B. Pastor & Fils after his passing in 2002.[1][2]

He is also the head of Pastor Real Estate based in London.[3] He was the owner of the weekly L'Observateur de Monaco until 2010.[4] He was appointed President of Monaco's syndicate of construction employers (Chambre patronale du bâtiment de Monaco) in 2008.[5] He acquired several properties in Carmel-by-the-Sea, California,[6] which led to a local feud in 2023 when he requested a Mills Act application (property tax for historic properties) for the Frank Lloyd Wright house he intended to renovate.[7]

Controversies

Dossiers du Rocher

He has been accused of being behind the Dossiers du Rocher files, a digital smear campaign targeting Monegasque personalities close to Prince Albert II, especially real estate companies (and Pastor's competitors) involved in major real estate tenders.[8] Pastor denied being the whistleblower.[9]

California

Pastor's purchases in California have sparked concern among the residents who fear that his privatization of the cliffs will change the quaint nature of Carmel.[10]

Honors

References

  1. ^ Égré, Pascale (17 September 2018). "La dynastie Pastor, «l'autre famille princière» de Monaco". leparisien.fr (in French). Retrieved 31 October 2024.
  2. ^ Calendar, Event (27 October 2023). "Who Is Who: Monaco business dynasties". HelloMonaco. Retrieved 31 October 2024.
  3. ^ "Pastor Real Estate - JB Pastor & Fils - Monaco". JB Pastor & Fils - Monaco. Retrieved 6 October 2015.
  4. ^ Un nouvel actionnaire pour L'Observateur de Monaco, Monaco-Matin, 4 August 2010
  5. ^ "MOUVEMENTS Patrice Pastor". Le Moniteur (in French). 24 December 2008.
  6. ^ Farberov, Snejana (20 February 2024). "Billionaire buying up properties in Calif. town speaks out". Retrieved 31 October 2024.
  7. ^ Pridgen, Andrew (14 March 2024). "Monaco billionaire sneers at 'jealous people' in tense Carmel meeting". SF Gate. Retrieved 31 October 2024.
  8. ^ Davet, Gérard; Fabrice, Lhomme (15 May 2022). "Monaco's real estate struggles mixed with politics to create a palace revolution". Le Monde. Retrieved 31 October 2024.
  9. ^ "VIDEO. Dossiers du Rocher : le promoteur Patrice Pastor n'est pas le "corbeau", affirme-t-il dans "Complément d'enquête"". Franceinfo (in French). 12 May 2023. Retrieved 31 October 2024.
  10. ^ "'Octopus of Monaco' wraps his tentacles around California town". The Times. 23 February 2023. Retrieved 9 December 2024.
  11. ^ "Remise de Décorations". Palais.mc. 17 November 2009. Retrieved 31 October 2024.