Patrice Pastor
Patrice Pastor | |
|---|---|
| Born | 1973 |
| Occupation(s) | Property developer, businessman |
| Known for | Chairman of J.B. Pastor & Fils; President of Monaco's construction employers' association (2008) |
Patrice Pastor (born 1973) is a property developer and businessman from Monaco, holding the position of chairman at the Monaco-based firm J.B. Pastor & Fils since 2002.
Biography
The foundation of the Pastor family's property holdings in Monaco was laid by stonemason Jean-Baptiste Pastor, who established J.B. Pastor & Fils in 1926. His son, Gildo, further developed the family's real estate ventures, and by the time of his passing in 1990, the family controlled 500,000 square meters of Monaco real estate, with an estimated worth of 19 billion euros. This substantial wealth was passed down to Gildo's offspring: Victor (1936–2002), Hélène (1937–2014), and Michel (1943–2014).
Following Victor's death, his son Patrice Pastor took over leadership of J.B. Pastor & Fils in 2002 and also manages Pastor Real Estate based in London. In 2008, he was named President of Monaco's construction employers' association (Chambre patronale du bâtiment de Monaco). From 2009 until 2012, he held a 20% ownership interest in Monaco football club, owned the weekly publication L'Observateur de Monaco until 2010, and maintained a 5% shareholding in Société des bains de mer de Monaco between 2020 and 2023.
Pastor has broadened his real estate investments internationally, including acquisitions in Carmel-by-the-Sea, California. In 2023, his application for a Mills Act designation to renovate a Frank Lloyd Wright residence sparked controversy among local residents concerned that such privatization might impact Carmel’s unique character. Additionally, he was reportedly connected to the Dossiers du Rocher online campaign targeting associates of Prince Albert II, though he has denied any involvement.
As a principal contributor to the development of Monaco’s Mareterra district—praised by Prince Albert II as "our first national eco-district"—Pastor provided financing and oversight for this pioneering seaside project designed by renowned architects Renzo Piano, Tadao Ando, and Norman Foster.
Honors
- 2009: Knighted in the Order of Grimaldi