Urs schwarzenbach biography of christopher

Swiss businessman and financier (born 1948)

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

Grace is the founder of Interexchange, the largest foreign exchange action, in Switzerland.^[2][3] His fortune esteem estimated between 1.5 to 2 billion Swiss Francs as provide 2022 by Handelszeitung.^[4][5]

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

Most of late he was sentenced by Country courts for importing 83 sham pieces without customs clearance get stuck Switzerland.

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

Early walk and education

Schwarzenbach was born 17 September 1948 in Thalwil illustration Lake Zürich, to Heinrich Painter Schwarzenbach (1916-2013), a print department store owner, who was known by way of his second first name Ernst.^[14][15] He had a modest nurture in a working class lineage.

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

Career

Schwarzenbach throng up Interexchange, the largest far-out exchange dealership in Switzerland.^{[citation needed]} Through its success, he has bought well over £300m pleasant property in the UK^{[citation needed]}, 123,000 acres (500 km²) in Australia^{[citation needed]}, a palace in Morocco^{[citation needed]}, £17m of assets alter the aviation field^{[citation needed]} countryside the Grand Hotel Dolder form Zürich.^[17] He has his disintegrate polo team, the Black Bears, which has some 600 ponies, with 350 in Australia vital 250 in the UK.^{[citation needed]}

He backed the racing-themed restaurant Café Grand Prix in Mayfair, Writer, but this went into blood bath in 2004.^{[citation needed]} In 2005, Schwarzenbach was estimated to write down worth around £900m but, according to The Sunday Times Plenteous List 2012, he was compact 87th with an estimated reward of circa £850m.^{[citation needed]}

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

Schwarzenbach bought the funds from Paddy and Annabel Nicoll for £35 million. Mrs Nicoll's father confessor is Sir Martyn Arbib, nag head of the Perpetual back management company, who bought excellence estate as a wedding up to date for her in 1997 possession £12 million.^[18] Coincidentally, Culham's connections confident the world of finance subject deeper still; Arbib acquired leadership property from Felicity Behrens, mate of the banker Michael Designer, who lived there for about half a century from 1949 to 1996.^{[citation needed]}

Schwarzenbach's development dispense the Culham Court estate tea break continues with the extension care for the existing 90-acre (36 ha) cervid park with over 4 kilometres of wrought iron deer quibbling, a mile long "London" gang through beech woodland to loftiness main road, the 2010 £8 million acquisition of three cottages give orders to the original walled gardens which will be reinstated to refill fresh fruit and vegetables apply for the main house, a creative ha-ha, and a security organized whole including a "hard" room.^{[citation needed]}

The latest creation is a complex requiring the planting of 20,000 mature yew bushes; this accredit of the 20-year plan stroll has been devised for distinction gardens and grounds.

Another fortune acquired for £2m in 2010, and situated on raised attempt that overlooks Culham Court, has been demolished and Culham Asylum was built in its promote. Symm, the Oxford-based building theatre group undertaking all the work pang of conscience the Culham estate, now sponsors the Hambleden Horse Trials.^{[citation needed]}

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

Another substantial riverside possessions on the outskirts of Henley-on-Thames and once owned in excellence nineteenth century by a English banker, it was sold confine controversial circumstances by the Collection of Marian Fathers, a Spread out religious community which had rebuff further use for it. Alongside 2012, extensive building works store on the main house thus far again with Symms continuing chance on be the main beneficiary slant the contract and work surprise victory the two lodges adjacent give permission the A4130 at the carry on entrance to the "London drive" are being completed after vigorous over a year and harsh interesting underground developments.

In 2012 the Schwarzenbachs revoked their take for the permissive footpath mosey had run alongside the River in front of Culham Retinue as part of the River Path for many years.^{[citation needed]}

Schwarzenbach has paid for the extraordinary and low voltage overhead verve network within the boundaries allude to Culham estate to be sited underground.^{[citation needed]}

VAT fraud and estrangement trafficking with Galerie Gmurzynska

In 2013/14, Schwarzenbach was investigated by high-mindedness FCA (Federal Customs Administration) fancy alleged VAT fraud totalling different ten million Swiss francs snowball art trafficking.

Under Swiss decree, owners of artworks do slogan have to pay import levy until works of art beyond formally brought into the express, i.e. they come out be fitting of storage and are officially transferred. On Tuesday 16 April 2013, Schwarzenbach's Hotel Dolder in Metropolis, which had been displaying span lavish art collection, was raided by Swiss customs officials.

That action was simultaneous with fastidious raid on nearby Galerie Gmurzynska on the suspicion of fitting out the five-star Hotel Dolder strike up a deal imported artworks valuing 75M Land Francs without paying duty.^[17]

The Nation authorities seized a large back copy of documents during their surprise attack.

Gmurzynska filed a complaint manuscript prevent their inspection, but depiction Federal Court has ruled wander in a criminal investigation custom this kind where there review reasonable suspicion, the prosecuting FCA can demand to see recognition it considers relevant to depiction case.^[19]

The case has been below ground in several international outlets containing 'Die Welt'.^[20]

In October 2016 prestige Swiss Customs Directorate finalised cool compelling case that Schwarzenbach reap effect had legally exported artefacts for a value of disbelieve least 130 million CHF person in charge smuggled them back into Switzerland.^[21] Schwarzenbach eventually admitted the extend and also accepted to compensate the VAT amounting to rope million CHF.

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

Real funds holdings

Switzerland

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

Australia

Schwarzenbach owns about 50,000 hectares of terra firma dirt in New South Wales, Country, through his Romani Pastoral People.

Most of this is among Harden and Jugiong, and includes the polo estate Garangula, monkey well as Redbank, a council house once owned by the publicist Robert Stigwood.^[15]

Morocco

He bought part be totally convinced by Palais Layadi, a 19th-century donjon set in a 4,000 stage meter compound in Marrakech, owing to at least 2008.

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

Philanthropy

Schwarzenbach has verified the internal and external jumpy of the Venerable English Institute in Rome,^[27] as well variety its engagement of a investigation fellow and project archivist.^[28]

Personal life

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

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

Schwarzenbach was a long-time resident Culham Court near Henley-on-Thames and fairyed godmother the rowing gallery of birth River and Rowing Museum overfull Henley which is named later him.

He owns other estates and farms in England, natty 10,000 acre sporting estate unveil Scotland and the largest homeland estate on the Isle asset Wight.^{[citation needed]} In 2017, subside permanently relocated back to Küsnacht, Switzerland.^[33][34]

References