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




You won’t even notice it, however Tina Turner left the USA 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 courting and have 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 determine to uproot their lives and transfer to Switzerland. As Tina later defined in a New York Occasions profile, she appreciated “Swiss enthusiasm for order.“Switzerland’s 11.5% max The tax charge for people was not so dangerous

Once they first moved to Switzerland there was a small problem: non-Swiss residents mainly can’t purchase property in Switzerland. As my Swiss buddy simply defined – “foreigners should buy into tremendous vacationer locations like ski resorts, however wherever quiet the place you actually wish to keep is Swiss solely. Plus for those who purchase a chalet at a neighborhood ski resort In that case, you possibly can’t keep there for greater than six months in a yr.”

Tina and Irwin wished to reside in Zurich. Particularly alongside the attractive 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 following neatest thing. They grew to become tenants!

From 1995 till very just lately, Tina and Irwin rented a sprawling property known 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 present 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 check – a check 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 grew to become a citizen.

For no matter purpose, I feel it was one way or the other associated to the tax, in October 2013 Tina took her paperwork to the US Embassy in Bern to formally resign her US citizenship.

(Photograph by Miguel Villagran/Getty Pictures)

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 finally grew to become property house owners in late 2021. How did they arrive upon this main scoop? Erwin Bach’s identify appeared on the property/land possession registry in a small lakeside municipality known 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 personal pond, creek, boat dock and swimming pool. Roger Federer reportedly visited the property just a few months in the past however finally purchased one thing else close by.

In keeping 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

Superb. 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 identify, 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 perhaps Irwin was out till final yr? Both manner, they’re formally Swiss residents, on Swiss tax papers and, most significantly, Swiss property.” owns!

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

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