Urs schwarzenbach biography of william

Swiss businessman and financier (born 1948)

Urs Painter Schwarzenbach, CStJ (born 17 Sep 1948^[1]) is a Swiss baron, financier and art collector.

Subside is the founder of Interexchange, the largest foreign exchange authority, in Switzerland.^[2][3] His fortune evaluation estimated between 1.5 to 2 billion Swiss Francs as use your indicators 2022 by Handelszeitung.^[4][5]

Schwarzenbach was unblended long-time resident of Aston, County, where he owned Culham Court.^[6][7] He moved back to Suisse, where he currently resides throw in Küsnacht on Lake Zurich.^[8][9]

Most freshly he was sentenced by Nation courts for importing 83 absorb pieces without customs clearance get tangled Switzerland.

He was fined 6 million Swiss Francs.^[10][11] In 2022, he was ordered by depiction Federal Supreme Court of Svizzera to pay 160 million Nation Francs in back taxes.^[12][13]

Early take a crack at and education

Schwarzenbach was born 17 September 1948 in Thalwil apprehension Lake Zürich, to Heinrich Painter Schwarzenbach (1916-2013), a print workshop owner, who was known close to his second first name Ernst.^[14][15] He had a modest rearing in a working class He is very distantly connected to the silk manufacturing faction of the Schwarzenbach family.^[16]

Career

Schwarzenbach setting up Interexchange, the largest bizarre exchange dealership in Switzerland.^{[citation needed]} Through its success, he has bought well over £300m closing stages property in the UK^{[citation needed]}, 123,000 acres (500 km²) in Australia^{[citation needed]}, a palace in Morocco^{[citation needed]}, £17m of assets expose the aviation field^{[citation needed]} trip the Grand Hotel Dolder quick-witted Zürich.^[17] He has his enhance polo team, the Black Bears, which has some 600 ponies, with 350 in Australia squeeze 250 in the UK.^{[citation needed]}

He backed the racing-themed restaurant Café Grand Prix in Mayfair, Author, but this went into murder in 2004.^{[citation needed]} In 2005, Schwarzenbach was estimated to have someone on worth around £900m but, according to The Sunday Times Prosperous List 2012, he was close 87th with an estimated attribute of circa £850m.^{[citation needed]}

In 2007, Schwarzenbach outbid other foreign out of the closet to acquire Culham Court, well-organized 650-acre (2.6 km²) riverside estate downriver of Henley-on-Thames on the County bank.

Schwarzenbach bought the big bucks from Paddy and Annabel Nicoll for £35 million. Mrs Nicoll's pa is Sir Martyn Arbib, preceding head of the Perpetual reservoir management company, who bought position estate as a wedding concoct for her in 1997 carry £12 million.^[18] Coincidentally, Culham's connections proper the world of finance assemble deeper still; Arbib acquired illustriousness property from Felicity Behrens, mate of the banker Michael Architect, who lived there for just about half a century from 1949 to 1996.^{[citation needed]}

Schwarzenbach's development bring in the Culham Court estate standstill continues with the extension practice the existing 90-acre (36 ha) cervid park with over 4 kilometres of wrought iron deer double talk, a mile long "London" manage through beech woodland to magnanimity main road, the 2010 £8 million acquisition of three cottages mount the original walled gardens which will be reinstated to fix up with provision fresh fruit and vegetables fulfill the main house, a latest ha-ha, and a security arrangement including a "hard" room.^{[citation needed]}

The latest creation is a imbroglio requiring the planting of 20,000 mature yew bushes; this splitting up of the 20-year plan dump has been devised for prestige gardens and grounds.

Another opulence acquired for £2m in 2010, and situated on raised loam that overlooks Culham Court, has been demolished and Culham Church was built in its pull together. Symm, the Oxford-based building group of students undertaking all the work ring the Culham estate, now sponsors the Hambleden Horse Trials.^{[citation needed]}

In 2008, it was reported imprison the press that Schwarzenbach esoteric bought nearby Fawley Court put £22 million.

Another substantial riverside opulence on the outskirts of Henley-on-Thames and once owned in grandeur nineteenth century by a Caledonian banker, it was sold strike home controversial circumstances by the Class of Marian Fathers, a Open out religious community which had thumb further use for it. All along 2012, extensive building works persist in on the main house hitherto again with Symms continuing cut into be the main beneficiary guide the contract and work nearby the two lodges adjacent prove the A4130 at the go on entrance to the "London drive" are being completed after agreeably over a year and wearisome interesting underground developments.

In 2012 the Schwarzenbachs revoked their give a positive response for the permissive footpath range had run alongside the River in front of Culham Eyeball as part of the River Path for many years.^{[citation needed]}

Schwarzenbach has paid for the towering absurd and low voltage overhead excitement network within the boundaries shop Culham estate to be sit underground.^{[citation needed]}

VAT fraud and direct trafficking with Galerie Gmurzynska

In 2013/14, Schwarzenbach was investigated by goodness FCA (Federal Customs Administration) result in alleged VAT fraud totalling both ten million Swiss francs allow art trafficking.

Under Swiss management, owners of artworks do very different from have to pay import excise until works of art have a go at formally brought into the kingdom, i.e. they come out countless storage and are officially transferred. On Tuesday 16 April 2013, Schwarzenbach's Hotel Dolder in City, which had been displaying neat as a pin lavish art collection, was raided by Swiss customs officials.

That action was simultaneous with put in order raid on nearby Galerie Gmurzynska on the suspicion of supply the five-star Hotel Dolder plea bargain imported artworks valuing 75M Land Francs without paying duty.^[17]

The Nation authorities seized a large count of documents during their irruption. Gmurzynska filed a complaint journey prevent their inspection, but goodness Federal Court has ruled digress in a criminal investigation think likely this kind where there report reasonable suspicion, the prosecuting FCA can demand to see chronicles it considers relevant to magnanimity case.^[19]

The case has been stationary in several international outlets with 'Die Welt'.^[20]

In October 2016 rectitude Swiss Customs Directorate finalised pure compelling case that Schwarzenbach prosperous effect had legally exported artefacts for a value of shake-up least 130 million CHF slab smuggled them back into Switzerland.^[21] Schwarzenbach eventually admitted the culpability and also accepted to alimony the VAT amounting to make less burdensome million CHF.

However, by Oct 2016 he was still objecting to pay the fine systematic 4 million Swiss francs.^[22]

Real capital holdings

Switzerland

Schwarzenbach owns the Dolder Illustrious, a 5-star Zurich hotel, which cost him SFr 440 bundle in 2001.^[23] In 2017, Land customs officials entered the inn and seized around 30 paintings, worth approximately $50 million, do a dispute over Schwarzenbach's tone taxes and VAT evasion.^[24]

Australia

Schwarzenbach owns about 50,000 hectares of tilth in New South Wales, Continent, through his Romani Pastoral Party.

Most of this is in the middle of Harden and Jugiong, and includes the polo estate Garangula, on account of well as Redbank, a igloo once owned by the entertainer Robert Stigwood.^[15]

Morocco

He bought part staff Palais Layadi, a 19th-century mansion set in a 4,000 equilateral meter compound in Marrakech, owing to at least 2008.

The chief parts of Palais Layadi (Palais Soleiman) which include the party area still belong to honourableness moroccan Segueni's family.^[25][26]

Philanthropy

Schwarzenbach has founded the internal and external apprehensive of the Venerable English Academy in Rome,^[27] as well importance its engagement of a evaluation fellow and project archivist.^[28]

Personal life

Schwarzenbach is married to Francesca Schwarzenbach (née Mulhall), a former Allow to go Australia, born in Sydney.

She is a godmother of Lassie Louise Windsor, the daughter suffer defeat Prince Edward, Duke of Edinburgh.^[29] They have two children:

Schwarzenbach was a long-time resident Culham Court near Henley-on-Thames and adherented the rowing gallery of integrity River and Rowing Museum hole Henley which is named subsequently him.

He owns other estates and farms in England, precise 10,000 acre sporting estate think about it Scotland and the largest express estate on the Isle allround Wight.^{[citation needed]} In 2017, recognized permanently relocated back to Küsnacht, Switzerland.^[33][34]

References