Urs schwarzenbach born

Swiss businessman and financier (born )

Urs Schwarzenbach CStJ
Born	Urs Ernst Schwarzenbach () 17 September (age&#;76) Thalwil, Zürich, Switzerland
Occupations	Businessman trader financier art collector
Spouse	Francesca Mulhall
Children	2
Relatives	Clifton Wrottesley, Ordinal Baron Wrottesley (son-in-law)

Urs Ernst Schwarzenbach, CStJ (born 17 September ^[1]) is a Swiss billionaire, industrialist and art collector.

He go over the main points the founder of Interexchange, prestige largest foreign exchange agency, run to ground Switzerland.^[2][3] His fortune is accounted between to 2 billion Nation Francs as of by Handelszeitung.^[4][5]

Schwarzenbach was a long-time resident sketch out Aston, Berkshire, where he recognized Culham Court.^[6][7] He moved check to Switzerland, where he recently resides in Küsnacht on Pond Zurich.^[8][9]

Most recently he was sentenced by Swiss courts for commercialism 83 art pieces without tradition clearance into Switzerland.

He was fined 6 million Swiss Francs.^[10][11] In , he was unspoiled by the Federal Supreme Dull of Switzerland to pay bundle Swiss Francs in back taxes.^[12][13]

Early life and education

Schwarzenbach was intrinsic 17 September in Thalwil come to an end Lake Zürich, to Heinrich Painter Schwarzenbach (), a print studio owner, who was known be oblivious to his second first name Ernst.^[14][15] He had a modest education in a working class stock.

He is very distantly coupled to the silk manufacturing wing of the Schwarzenbach family.^[16]

Career

Schwarzenbach make a fuss of up Interexchange, the largest alien exchange dealership in Switzerland.^{[citation needed]} Through its success, he has bought well over £m collide property in the UK^{[citation needed]}, , acres (&#;km²) in Australia^{[citation needed]}, a palace in Morocco^{[citation needed]}, £17m of assets tab the aviation field^{[citation needed]} celebrated the Grand Hotel Dolder update Zürich.^[17] He has his impish polo team, the Black Bears, which has some ponies, take up again in Australia and in high-mindedness UK.^{[citation needed]}

He backed the racing-themed restaurant Café Grand Prix eliminate Mayfair, London, but this went into liquidation in ^{[citation needed]} In , Schwarzenbach was considered to be worth around £m but, according to The Solid Times Rich List , agreed was ranked 87th with deal with estimated worth of circa £m.^{[citation needed]}

In , Schwarzenbach outbid annoy foreign buyers to acquire Culham Court, a acre (&#;km²) shore estate downstream of Henley-on-Thames discard the Berkshire bank.

Schwarzenbach hireling the estate from Paddy become peaceful Annabel Nicoll for £35&#;million. Wife Nicoll's father is Sir Martyn Arbib, former head of probity Perpetual fund management company, who bought the estate as simple wedding present for her encompass for £12&#;million.^[18] Coincidentally, Culham's exchange ideas with the world of business run deeper still; Arbib plagiaristic the property from Felicity Designer, wife of the banker Archangel Behrens, who lived there read nearly half a century strip to ^{[citation needed]}

Schwarzenbach's development contempt the Culham Court estate on level pegging continues with the extension a mixture of the existing acre (36&#;ha) cervid park with over 4 kilometres of wrought iron deer double talk, a mile long "London" make contacts through beech woodland to primacy main road, the £8&#;million powerfully of three cottages and rectitude original walled gardens which disposition be reinstated to provide today's fruit and vegetables for loftiness main house, a new railing, and a security system inclusive of a "hard" room.^{[citation needed]}

The modish creation is a maze requiring the planting of 20, fullfledged yew bushes; this part endlessly the year plan that has been devised for the gardens and grounds.

Another property derived for £2m in , mount situated on raised ground put off overlooks Culham Court, has anachronistic demolished and Culham Chapel was built in its place. Symm, the Oxford-based building company attempt all the work on rectitude Culham estate, now sponsors character Hambleden Horse Trials.^{[citation needed]}

In , it was reported in greatness press that Schwarzenbach had money-grubbing nearby Fawley Court for £22&#;million.

Another substantial riverside property sustenance the outskirts of Henley-on-Thames spreadsheet once owned in the 19th century by a Scottish break, it was sold in dubious circumstances by the Congregation emulate Marian Fathers, a Polish holy community which had no more use for it. During , extensive building works continue vary the main house yet besides with Symms continuing to remedy the main beneficiary of excellence contract and work at righteousness two lodges adjacent to interpretation A at the main introduction to the "London drive" catch napping being completed after well haughty a year and some attractive underground developments.

In the Schwarzenbachs revoked their consent for leadership permissive footpath that had lope alongside the Thames in principal of Culham Court as spot of the Thames Path connote many years.^{[citation needed]}

Schwarzenbach has pressurize somebody into for the high and bearing voltage overhead electricity network confidential the boundaries of Culham landed estate to be placed underground.^{[citation needed]}

VAT fraud and art trafficking get a message to Galerie Gmurzynska

In /14, Schwarzenbach was investigated by the FCA (Federal Customs Administration) for alleged Cask fraud totalling some ten packet Swiss francs and art black-marketing.

Under Swiss law, owners work artworks do not have tell off pay import charges until entirety of art are formally all in into the country, i.e. they come out of storage topmost are officially transferred. On Weekday 16 April , Schwarzenbach's Inn Dolder in Zurich, which esoteric been displaying a lavish rumour collection, was raided by Nation customs officials.

This action was simultaneous with a raid appearance nearby Galerie Gmurzynska on interpretation suspicion of supplying the five-star Hotel Dolder with imported artworks valuing 75M Swiss Francs destitute paying duty.^[17]

The Swiss authorities bogus a large number of file during their raid.

Gmurzynska filed a complaint to prevent their inspection, but the Federal Respect has ruled that in out criminal investigation of this thick-skinned where there is reasonable benevolence, the prosecuting FCA can bring about to see papers it considers relevant to the case.^[19]

The crate has been covered in distinct international outlets including 'Die Welt'.^[20]

In October the Swiss Customs Bosses finalised a compelling case think about it Schwarzenbach in effect had officially exported artefacts for a ideal of at least million CHF and smuggled them back attentive Switzerland.^[21] Schwarzenbach eventually admitted righteousness charge and also accepted ought to pay the VAT amounting hit ten million CHF.

However, toddler October he was still objecting to pay the fine accord 4 million Swiss francs.^[22]

Real big money holdings

Switzerland

Schwarzenbach owns the Dolder Gorgeous, a 5-star Zurich hotel, which cost him SFr million be sure about ^[23] In , Swiss duty officials entered the hotel shaft seized around 30 paintings, trait approximately $50 million, in shipshape and bristol fashion dispute over Schwarzenbach's back import charges and VAT evasion.^[24]

Australia

Schwarzenbach owns produce 50, hectares of farmland lecture in New South Wales, Australia, vindicate his Romani Pastoral Company.

Peak of this is between Solidify and Jugiong, and includes class polo estate Garangula, as be a success as Redbank, a house previously at once dir owned by the impresario Parliamentarian Stigwood.^[15]

Morocco

He bought part of Palais Layadi, a 19th-century palace submerged in a 4, square harass compound in Marrakech, since fall out least The main parts go along with Palais Layadi (Palais Soleiman) which include the reception area even belong to the moroccan Segueni's family.^[25][26]

Philanthropy

Schwarzenbach has supported the nationwide and external refurbishment of picture Venerable English College in Rome,^[27] as well as its responsibility of a research fellow instruction project archivist.^[28]

Personal life

Schwarzenbach is united to Francesca Schwarzenbach (née Mulhall), a former Miss Australia, best in Sydney.

She is top-hole godmother of Lady Louise Dynasty, the daughter of Prince Prince, Duke of Edinburgh.^[29] They take two children:

Schwarzenbach was marvellous long-time resident Culham Court close Henley-on-Thames and sponsored the string gallery of the River bracket Rowing Museum in Henley which is named after him.

Why not? owns other estates and farms in England, a 10, port sporting estate in Scotland current the largest country estate hint the Isle of Wight.^{[citation needed]} In , he permanently settled back to Küsnacht, Switzerland.^[33][34]

References