Alec wildenstein

Alec Wildenstein was one of the two heirs of by far the richest family in the world of art. Untilhe was known only within art and racing, where the family were major owners and breeders. But then came a divorce which brought worldwide fascination, largely because of the multiple facelifts undergone by his estranged wife, Jocelyne, leading her to be called "The Bride of Wildenstein". In his memoirs, written when he was already over 80, alec wildenstein, Daniel does not even mention his sons, while his fortune was left in alec wildenstein not to Alec and his younger brother Guy, alec wildenstein to their children.

Three heirs of the vast Wildenstein art-dealing dynasty are on trial in Paris, charged with tax fraud and money laundering, all because of angry spouses. What do a Manhattan-based billionaire, a naked Russian model, and a loaded gun have to do with one of the biggest tax fraud trials in French history now underway in Paris? Prosecutors say that beginning in the Wildensteins began hiding money from French tax officials in offshore tax havens and mysterious trusts as Daniel lay dying in Paris. Longtime observers of the domineering and controlling Daniel say that Guy and his late brother Alec learned everything they knew about creatively moving assets around the world from the old man himself. Guy Wildenstein denies all the charges. Guy is the great-grandson of Nathan Wildenstein, who came from humble beginnings near Strasbourg to build an art-dealing empire in Paris in the late s.

Alec wildenstein

Alec Nathan Wildenstein August 5, — February 18, was a French-born American billionaire businessman, art dealer, racehorse owner, and breeder. Born in Marseille , Wildenstein was raised in New York City where his family owned and operated an art gallery. In , his great-grandfather founded a business dealing in art. Alec Wildenstein enjoyed thoroughbreds for flat and steeplechase and standardbreds for harness racing. Wildenstein raced a number of successful horses including:. In , the family acquired complete ownership. They had a daughter, Diane, followed by a son, Alec. Their divorce proceedings between and gained wide media coverage for revelations about the couple's extravagant spending habits and the pressure he put on Jocelyn Wildenstein to undergo plastic surgery. Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools.

The case fell apart in owing to insufficient evidence and an inability on the part of the prosecution to prove that the family intentionally committed fraud, alec wildenstein.

By providing your information, you agree to our Terms of Use and our Privacy Policy. We use vendors that may also process your information to help provide our services. Also on trial are a notary, a lawyer, and two trust-fund managers. The defendants were first tried on charges of tax fraud in , after they claimed that Guy and Alec Sr. Alec Sr. The case fell apart in owing to insufficient evidence and an inability on the part of the prosecution to prove that the family intentionally committed fraud. The defendants were again exonerated in a appeal, with the court ruling that the case was beyond the statute of limitations.

A notary, two lawyers and two managers of trust funds held in Guernsey and the Bahamas were also in the dock. The accused, who denied the accusations, faced up to four years in jail. The trial collapsed after the judge ruled there was insufficient evidence that the accused knowingly committed tax fraud and ruled that there had been failings in the investigation. In an appeal court upheld the acquittal. When Daniel Wildenstein died, his second wife and widow, Sylvie, fell out with her stepsons, Guy and Alex, and accused them of tricking her out of her inheritance. She reported her suspicions to the French tax authorities. Among the family assets outlined in court were a 30,hectare private compound and wildlife sanctuary in Kenya, where parts of the film Out of Africa were shot, racehorses, stables, a New York apartment, dozens of paintings and a Gulfstream jet. This article is more than 3 years old. Guy Wildenstein and others face new trial after court annuls tax fraud acquittal.

Alec wildenstein

Alec Wildenstein was one of the two heirs of by far the richest family in the world of art. Until , he was known only within art and racing, where the family were major owners and breeders. But then came a divorce which brought worldwide fascination, largely because of the multiple facelifts undergone by his estranged wife, Jocelyne, leading her to be called "The Bride of Wildenstein". In his memoirs, written when he was already over 80, Daniel does not even mention his sons, while his fortune was left in trust not to Alec and his younger brother Guy, but to their children. Alec Wildenstein's later years were clouded by two further court cases.

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Robb Report. Log in. Thanks for signing up to the Breaking News email. The split also put an unwelcome spotlight on the publicity-averse Wildenstein family and the extreme control Daniel Wildenstein exercised over the business—and his two sons, Guy and Alec. By News Desk. Tools Tools. In Alec consoled himself by marrying another young Russian-born model, Liouba Stoupakova. I would like to be emailed about offers, events and updates from The Independent. The New York Times. Although his family had historically traded purely in livestock Nathan drifted into art, specialising in the then-undervalued French art and furniture of the 18th century. Advertise with Artforum. In his memoirs, written when he was already over 80, Daniel does not even mention his sons, while his fortune was left in trust not to Alec and his younger brother Guy, but to their children. But even though successive cases made a dent in the fabled family fortune, the losses have probably been more than retrieved by the increase in the price of art works over the past few years.

Most of the friends in attendance that night were from the horse-racing world, trainers and jockeys who had worked with the Wildensteins over the years. Wildenstein, always aloof from his peers, rarely ventured out in recent years, except for regular excursions to the track and his office.

Big in America Push notifications. Thanks for signing up to the Breaking News email. View offers. Want to bookmark your favourite articles and stories to read or reference later? Guy Wildenstein denies all the charges. Although his family had historically traded purely in livestock Nathan drifted into art, specialising in the then-undervalued French art and furniture of the 18th century. Authority control databases. Guy is the great-grandson of Nathan Wildenstein, who came from humble beginnings near Strasbourg to build an art-dealing empire in Paris in the late s. If convicted after what is expected to be a month-long trial, Guy Wildenstein faces a maximum of 10 years in prison and hefty fines. Artforum Inbox. We use vendors that may also process your information to help provide our services. Their divorce proceedings between and gained wide media coverage for revelations about the couple's extravagant spending habits and the pressure he put on Jocelyn Wildenstein to undergo plastic surgery. Like the art business, this had been under their father's total control until his death. But then came a divorce which brought worldwide fascination, largely because of the multiple facelifts undergone by his estranged wife, Jocelyne, leading her to be called "The Bride of Wildenstein".