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The most expensive villas are usually in world-famous locations such as Los Angeles, London, Dubai or Singapore. But now it also exists in Gingins, a small community above Lake Geneva.
There is Villa Vari, a 35,000-square-foot property whose former owner is well known: Athina Onassis, show jumper and niece of Greek ship owner Aristotle Onassis. According to French «Bilan» news, Onassis sold the house to its new owners in November 2018 for 23 million.
Pankaj and Radhika Oswal are the names of the buyers who bought the property. The couple’s net worth is estimated to exceed $3 billion. And even though they’re very wealthy, they’re avoiding the media’s radar.
Oswals got rich from raw materials
The couple made money with the Oswal Group Global company of the same name. These include companies that make money from petrochemicals, real estate, fertilizers or mining. Oswal Group owns the largest ethanol plant in East Africa, runs one of the largest bauxite mining projects in West Africa with Axis Minerals, and operates the largest production company for liquid ammonia, according to the English-language daily “Financial Express” in India. Australia, Burrup Fertilizers.
But Australia represents a dark chapter in the history of the Oswal family, who left the country in disarray after Pankaj was accused of embezzling millions of Australian dollars. With the money he finances trips, cars and real estate. The lawsuit was settled in 2016 when the dispute was settled, but the couple turned their backs on Australia and have resided in Switzerland ever since.
But here, too, headlines were made from time to time. Radhika Oswal made serious allegations about the elite boarding school Le Rosey three years ago. At the most expensive school in the world, the then 15-year-old Oswal girl is said to have been bullied by her classmates and not protected by the boarding school. Meanwhile, the dispute has been resolved and Switzerland is still the family home.
This article was originally published on the paid service of handelszeitung.ch. Blick+ users have exclusive access as part of their subscription. You can find more exciting articles at www.handelszeitung.ch.
This article was originally published on the paid service of handelszeitung.ch. Blick+ users have exclusive access as part of their subscription. You can find more exciting articles at www.handelszeitung.ch.
Star architect designed the renovation
And now that house they’re gold-plating with a $200 million mega-renovation. The villa on Lake Geneva will be permanently inhabited for the first time since it was built in 1973. This is extraordinary, as «24 hours» puts it: «The number of headlines about the house has always been inversely proportional to the occupancy of the house.»
But it is for the couple to enjoy their investment in the home. The villa is furnished with rich and exotic furniture by the famous interior designer Jeffrey Wilkes, who has also designed many 5-star hotels in the Oberoi and Mandarin Oriental chains.
The purpose of the redesign was to allow Indian heritage to flow into the villa. While the view of the Mont Blanc massif is seductive from the outside, the interior is designed to impress with its high ceilings, Indian colors and filigree craftsmanship.
Whether you like it or not is a matter of taste. In any case, the truth is that Villa Vari, whose name derives from the first names of Oswal’s daughters Vasundhara and Ridi, is now one of the ten most expensive homes in the world thanks to the big update. However, anyone playing around with a purchase will have to be patient, as the family doesn’t seem to want to sell it for now.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
