Jean-Baptiste Pastor
Jean-Baptiste Pastor | |
|---|---|
| Born | Giovanni Battista Pastor 1873 Pigna, Italy |
| Died | June 20, 1966 (aged 93) Monte Carlo, Monaco |
| Nationality | Monegasque |
| Occupation(s) | CEO and owner, J.B. Pastor & Fils |
| Children | Gildo Pastor |
| Relatives | Michel Pastor (grandson) Hélène Pastor (granddaughter) Victor Pastor (grandson) Philippe Pastor (great-grandson) |
Jean-Baptiste Pastor born as Giovanni Battista Pastor (1873 - June 20, 1966) was an Italian-born Monegasque businessman and real estate developer. He was primarily known for founding J.B. Pastor & Fils in 1920, which became a leading construction company in Monaco.
Early life
Giovanni Battista Pastor was born in 1873 in Buggio, Kingdom of Italy, above Pigna, Province of Imperia, just across the border from France. He was orphaned at an early age, and was already working as a miner by the age of 13,[1] or as a stonemason, according to another source.[2]
Career
He emigrated to Monte Carlo as a young man in 1880,[1] to seek work on the construction of the Saint-Charles Church.[2][3]
His career as a public works contractor was a success. Pastor eventually started his own company, – J.B. Pastor & Fils – in 1920,
With his newfound wealth, Pastor bought seafront land at low prices after World War II, particularly in the Larvotto district, when there was still no development east of the casino. With the post-war tourism slump, Prince Rainier resolved to diversify from gambling and turned Monaco into a tax haven. In subsequent decades, Pastor's son Gildo was able to build apartment blocks, after getting planning permission to develop in 1966 on this now very valuable land, retaining ownership, and avoiding long leases to maximise rental income.[1][2][4]
When his granddaughter,
Personal life
Pastor was married and lived in Monaco. His son was Gildo Pastor.[2]
References
- ^ a b c d "Obituaries: Hélène Pastor". The Times. 3 June 2014. Retrieved 16 January 2015.
- ^ a b c d e f "Hélène Pastor- obituary". The Daily Telegraph. 22 May 2014. Retrieved 16 January 2015.
- ^ Philippe Bidalon, Roger-Louis Bianchini, Aline Cochard, Laetizia Dannery, Lea Delpont, Jennifer Schwarz, Pauline Sommelet, Vie économique, L'Express, December 11, 2003
- ^ a b Metcalf, Tom (17 October 2014). "Monaco Murders Reveal Six Hidden Real Estate Billionaires". Bloomberg. Retrieved 17 January 2015.