Spilling the Beans on Ty Warner’s Toys and Troubles

New Book Explores Mysterious Montecito Mogul and His Stuffed Animal Craze

Thu Mar 26, 2015 | 12:00am
<b>BEAR MARKET:</b> For awhile in the mid-’90s, the purple Princess Diana bear was the Holy Grail of Beanie Babies. They regularly sold among collectors for upward of $300. Now, most of them are worth just a few bucks.
Paul Wellman

A few weeks ago, H. Ty Warner walked into Your Remnant Store in downtown Santa Barbara. The small shop’s new owners and their weekend customers snapped to attention.

There was no entourage or security detail, just a quiet, 70-year-old toymaker obsessed with fabric. But he commanded a presence available only to titans of industry who’ve cultivated their wealth as carefully as their mystique. When he was young, Warner, now worth more than $2.5 billion, read a biography of Howard Hughes and decided he wanted to earn and live like the reclusive tycoon.

As he sifted through bolts of paisley and plush with the same perfectionist scrutiny he gave to the Beanie Babies that made him rich ​— ​maybe this time choosing upholstery for the Montecito hotels he owns and sometimes micromanages, or the nearby $200 million estate he routinely remodels ​— ​Warner was approached by Hillary Hauser.

We’re glad you’re a fan of The Independent

Now is the time to register to keep reading! Register for free and get access to two more free articles this month.

Register

Or get unlimited access when you subscribe today!

Thanks for being a loyal Independent reader!

You’ve read three free articles this month. Subscribe and get unlimited access to the best reporting available in Santa Barbara.

INDY+

$6/month or $60/year

INDY+ SUPPORTER

$10/month or $100/year

INDY+ PATRON

$500/year

Thanks for supporting independent regional news!

More like this

Exit mobile version