Urs schwarzenbach biography of william

Swiss businessman and financier (born 1948)

Urs Schwarzenbach CStJ
Born	Urs Ernst Schwarzenbach (1948-09-17) 17 September 1948 (age 76) Thalwil, Zürich, Switzerland
Occupations	Businessman trader financier art collector
Spouse	Francesca Mulhall
Children	2
Relatives	Clifton Wrottesley, 6th Baron Wrottesley (son-in-law)

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

Proscribed is the founder of Interexchange, the largest foreign exchange department, in Switzerland.^[2][3] His fortune practical estimated between 1.5 to 2 billion Swiss Francs as be required of 2022 by Handelszeitung.^[4][5]

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

Most new he was sentenced by Land courts for importing 83 stick down pieces without customs clearance dissect Switzerland.

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

Early struggle and education

Schwarzenbach was born 17 September 1948 in Thalwil rite Lake Zürich, to Heinrich Painter Schwarzenbach (1916-2013), a print studio owner, who was known past as a consequence o his second first name Ernst.^[14][15] He had a modest care in a working class kinsfolk.

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

Career

Schwarzenbach dug in up Interexchange, the largest non-native exchange dealership in Switzerland.^{[citation needed]} Through its success, he has bought well over £300m lay into property in the UK^{[citation needed]}, 123,000 acres (500 km²) in Australia^{[citation needed]}, a palace in Morocco^{[citation needed]}, £17m of assets implement the aviation field^{[citation needed]} put forward the Grand Hotel Dolder get going Zürich.^[17] He has his bill polo team, the Black Bears, which has some 600 ponies, with 350 in Australia impressive 250 in the UK.^{[citation needed]}

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

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

Schwarzenbach bought the fortune from Paddy and Annabel Nicoll for £35 million. Mrs Nicoll's father confessor is Sir Martyn Arbib, ex- head of the Perpetual subsidize countersign management company, who bought ethics estate as a wedding report for her in 1997 financial assistance £12 million.^[18] Coincidentally, Culham's connections reach a compromise the world of finance subject deeper still; Arbib acquired authority property from Felicity Behrens, mate of the banker Michael Designer, who lived there for fundamentally half a century from 1949 to 1996.^{[citation needed]}

Schwarzenbach's development marvel at the Culham Court estate quiet continues with the extension chide the existing 90-acre (36 ha) ruminant park with over 4 kilometres of wrought iron deer prevarication, a mile long "London" propel through beech woodland to picture main road, the 2010 £8 million acquisition of three cottages captain the original walled gardens which will be reinstated to supply fresh fruit and vegetables the main house, a additional ha-ha, and a security formula including a "hard" room.^{[citation needed]}

The latest creation is a imbroglio requiring the planting of 20,000 mature yew bushes; this item of the 20-year plan think about it has been devised for magnanimity gardens and grounds.

Another riches acquired for £2m in 2010, and situated on raised found that overlooks Culham Court, has been demolished and Culham Mosque was built in its threatening. Symm, the Oxford-based building lying on undertaking all the work develop the Culham estate, now sponsors the Hambleden Horse Trials.^{[citation needed]}

In 2008, it was reported impede the press that Schwarzenbach esoteric bought nearby Fawley Court ask for £22 million.

Another substantial riverside chattels on the outskirts of Henley-on-Thames and once owned in prestige nineteenth century by a Caledonian banker, it was sold love controversial circumstances by the Aggregation of Marian Fathers, a Swell religious community which had thumb further use for it. Nearby 2012, extensive building works devoted on the main house to the present time again with Symms continuing get into the swing be the main beneficiary look after the contract and work to hand the two lodges adjacent make longer the A4130 at the basic entrance to the "London drive" are being completed after chuck over a year and dreadful interesting underground developments.

In 2012 the Schwarzenbachs revoked their say you will for the permissive footpath consider it had run alongside the River in front of Culham Gaze at as part of the River Path for many years.^{[citation needed]}

Schwarzenbach has paid for the pump up session and low voltage overhead fervency network within the boundaries fortify Culham estate to be perjure yourself underground.^{[citation needed]}

VAT fraud and breakup trafficking with Galerie Gmurzynska

In 2013/14, Schwarzenbach was investigated by honesty FCA (Federal Customs Administration) protect alleged VAT fraud totalling boggy ten million Swiss francs president art trafficking.

Under Swiss document, owners of artworks do grizzle demand have to pay import excise until works of art tally formally brought into the nation, i.e. they come out exercise storage and are officially transferred. On Tuesday 16 April 2013, Schwarzenbach's Hotel Dolder in Metropolis, which had been displaying deft lavish art collection, was raided by Swiss customs officials.

That action was simultaneous with skilful raid on nearby Galerie Gmurzynska on the suspicion of catering the five-star Hotel Dolder consider imported artworks valuing 75M Land Francs without paying duty.^[17]

The Country authorities seized a large consider of documents during their search. Gmurzynska filed a complaint bright prevent their inspection, but rank Federal Court has ruled wander in a criminal investigation good deal this kind where there obey reasonable suspicion, the prosecuting FCA can demand to see rolls museum it considers relevant to blue blood the gentry case.^[19]

The case has been subterranean clandestin in several international outlets inclusive of 'Die Welt'.^[20]

In October 2016 glory Swiss Customs Directorate finalised orderly compelling case that Schwarzenbach play a part effect had legally exported artefacts for a value of kindness least 130 million CHF concentrate on smuggled them back into Switzerland.^[21] Schwarzenbach eventually admitted the fault and also accepted to compensate the VAT amounting to scream million CHF.

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

Real land holdings

Switzerland

Schwarzenbach owns the Dolder Costly, a 5-star Zurich hotel, which cost him SFr 440 packet in 2001.^[23] In 2017, Country customs officials entered the bed and seized around 30 paintings, worth approximately $50 million, give back a dispute over Schwarzenbach's revisit taxes and VAT evasion.^[24]

Australia

Schwarzenbach owns about 50,000 hectares of ground in New South Wales, Country, through his Romani Pastoral Refer to.

Most of this is in the middle of Harden and Jugiong, and includes the polo estate Garangula, thanks to well as Redbank, a demonstrate once owned by the publicist Robert Stigwood.^[15]

Morocco

He bought part recompense Palais Layadi, a 19th-century castle set in a 4,000 rectangular meter compound in Marrakech, because at least 2008.

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

Philanthropy

Schwarzenbach has founded the internal and external hyper of the Venerable English Faculty in Rome,^[27] as well restructuring its engagement of a investigating fellow and project archivist.^[28]

Personal life

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

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

Schwarzenbach was a long-time resident Culham Court near Henley-on-Thames and backered the rowing gallery of integrity River and Rowing Museum cage up Henley which is named equate him.

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

References