Biography & Net Worth: Did Tina Turner Quietly Pay $76 Million For A Lakefront Estate In Switzerland?

Did Tina Turner Quietly Pay $76 Million For A Lakefront Estate In Switzerland?

You may not even notice it, however Tina Turner left the US many years in the past for Switzerland. He’s additionally not a US citizen since 2013.

After assembly German music government Erwin Bach in 1986, Tina started to spend much less time in America. They started relationship and had been quickly splitting their time between their dwelling in Cologne, Germany, and their properties in Los Angeles, London, and the French Riviera.

In 1995, Tina and Irwin resolve to uproot their lives and transfer to Switzerland. As Tina later defined in a New York Instances profile, she appreciated “Swiss enthusiasm for order.“Switzerland’s 11.5% max The tax fee for people was not so unhealthy

After they first moved to Switzerland there was a small problem: non-Swiss residents principally can’t purchase property in Switzerland. As my Swiss good friend simply defined – “foreigners should purchase into tremendous vacationer locations like ski resorts, however anyplace quiet the place you actually need to keep is Swiss solely. Plus when you purchase a chalet at an area ski resort If that’s the case, you’ll be able to’t keep there for greater than six months in a 12 months.”

Tina and Irwin needed to stay in Zurich. Particularly alongside the beautiful shores of Lake Zurich. Sadly Zurich (together with Geneva, Basel and Zug) are strictly Swiss—solely if you wish to purchase.

Fearless, Tina and Irwin did the subsequent smartest thing. They turned tenants!

From 1995 till very lately, Tina and Irwin rented a sprawling property referred to as Chateau Algonquin on the foot of Lake Zurich.

When Tina and Irwin lastly tied the knot in July 2013, they hosted the ceremony and reception at Chateau Algonquin with a visitor listing that included Oprah Winfrey, Gayle King, Bryan Adams, Giorgio Armani and David Bowie.

Three months earlier than their marriage, the Swiss authorities gave Tina the reward of early marriage. He was given Swiss citizenship and a Swiss passport!

Because it seems, in January 2013 Tina took the nation’s obligatory citizenship take a look at – a take a look at that requires a sophisticated understanding of the German language and Swiss historical past. Three months later, after almost twenty years within the nation, she lastly turned a citizen.

For no matter motive, I believe it was someway associated to the tax, in October 2013 Tina took her paperwork to the US Embassy in Bern to formally resign her US citizenship.

(Picture by Miguel Villagran/Getty Photos)

Tina Turner Thanks for becoming a member of me in that little piece of Swiss historical past. SwissStory.

Quick forwarding for the current.

A Swiss information outlet simply revealed that Tina and Irwin ultimately turned property homeowners in late 2021. How did they arrive upon this main scoop? Erwin Bach’s title appeared on the property/land possession registry in a small lakeside municipality referred to as Staffa.

The Turner/Bach property is definitely greater than a fancy consisting of 10 historic buildings with a mixed 260,000 sq. toes of residing house. There’s a non-public pond, creek, boat dock and swimming pool. Roger Federer reportedly visited the property just a few months in the past however ultimately purchased one thing else close by.

In line with the Swiss information outlet that first noticed the acquisition, Turner/Bach was value 70 million Swiss francs. Changing to USD, that’s…

$76 million

Excellent. These tax financial savings should have actually elevated!

Maybe to assist with the down cost, within the months earlier than the acquisition, Tina agreed to promote her music rights and her title, picture and likeness rights to music publishing firm BMG for $50 million.

Tina and Irwin reportedly “determined to purchase after”Each“Lastly obtained Swiss citizenship. We all know Tina has been a citizen since 1994, so possibly Irwin was out till final 12 months? Both manner, they’re formally Swiss residents, on Swiss tax papers and, most significantly, Swiss property.” owns!

I want I might present you photos of the property however I can’t discover any which are licensed. Right here’s a shot from Google Maps:

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