Poju Zabludowicz

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Poju Zabludowicz
Born Chaim Zabludowicz
(1953-04-06) April 6, 1953 (age 61)
Helsinki, Finland
Residence London, England
Citizenship Finnish and British
Alma mater Tel Aviv University
Occupation Chairman and CEO of Tamares Group
Years active 1990-present
Known for Art collection, philanthropy
Home town Tampere, Finland
Net worth Steady £1.5 billion (2013)
Board member of
Tamares Telecom
Synova Capital
Outotec
Mustavaara Kaivos
Religion Jewish
Spouse(s) Anita Zabludowicz
Children 4
Relatives Rebecka Belldegrun (sister)

Chaim "Poju" Zabludowicz (born 6 April 1953), owner of the Lichtenstein-registered Tamares Group, is a Finnish-British business magnate, art collector and philanthropist based in London, England.[1][2][3]

The Sunday Times Rich List 2013 of the wealthiest people in the United Kingdom ranked him 48th with a personal net worth of £1,500 million.[4]

Early life[edit]

Zabludowicz was born in Helsinki and raised in Tampere, where he attended Svenska Samskolan i Tammerfors, the Swedish-speaking school in the city. He graduated with a degree in Economics and Political Science from Tel Aviv University and later worked at BFG Bank AG in Frankfurt.[5] He is married to British-born Anita Zabludowicz.[6] In 1989, they purchased a mansion on The Bishops Avenue in Hampstead, and later purchased the adjacent mansion in 1997.[7] His father, Shlomo Zabludowicz, built the family business around Soltam, an Israeli defence contractor.[8]

Career ventures[edit]

In 1978, Zabludowicz was appointed a director of Tamares, the family's holding company,[7] and has headed the company since 1990. Tamares invests in a number of different private[9] and public[10] companies, and in real estate properties.[11] The company owns 40% of the land in downtown Las Vegas.[12]

In 1993, Zabludowicz set up Ivory Gate, a property investment company based in London. Using offshore vehicles, Ivory Gate made investments in UK commercial property.[7]

In 2006, Zabludowicz established and was the chairman of Auctor Capital Partners,[7][13] a corporate finance and advisory house for hedge funds. He has been the chairman of Synova Capital[14][15] since 2007, a private equity fund specialising in investments in UK growth companies, and chairman of Tamares Telecom,[13] a privately held service provider that operates and markets communications services based on a new internationally deployed fiber-optic network.

Zabludowicz has been a director of Mustavaaran Kaivos[16] since 2011, a company that owns the mineral rights to the Mustavaara vanadium/iron/titanium deposit in northeastern Finland, and has been a director and member of the Audit and Risk Committee of Outotec[17] since March 2012, a company that provides technologies and services for the metal and mineral processing industries.

Zabludowicz has served on a number of boards, including the European advisory board of Citigroup,[13] the board of directors of GEMS[13] (an Asia Pacific private equity fund), and Stratos Ventures[18] (an early stage venture capital firm with a focus on information and communication technology sectors).

Zabludowicz is the owner of the Finnish ice hockey team Tappara.[19]

Activism[edit]

Zabludowicz is the founder and former chairman of BICOM, the Britain Israel Communications and Research Centre, an organization founded in 2001 which lobbies the UK government on behalf of Israel. He is reported to have given the pressure group more than £2 million in three years.[20][21] He is also a member of the advisory boards of CST (Community Security Trust) and UJIA (United Jewish Israel Appeal), and is a trustee of Jewish Leadership Council.[5] He has given donations to David Cameron's leadership campaign in 2005 and to the Conservative Party in 2010.[22]

The Zabludowicz Center for Autoimmune Diseases opened in Sheba Medical Center through Poju and Anita Zabludowicz's donations. The center centralizes under one roof all aspects of autoimmune research and treatment, and brings together physicians and researchers from multidisciplinary fields such as internal medicine, clinical immunology, autoimmunity, rheumatology, ophthalmology, neurology, obstetrics and gynecology.[23]

Poju and Anita Zabludowicz have been involved in a large number of activities, from sponsoring of exhibitions and art fairs, to organizing various fundraising events.[24]

Zabludowicz has been a patron of the Finnish British Chamber of Commerce since 2011.[14]

Art collection[edit]

Zabludowicz Collection[edit]

Since the 1990s, Poju and Anita Zabludowicz have been accumulating a 500-artist, 5,000-piece collection of artwork.[25] They exhibit their private art collection at three different locations, one of them being 176, a gallery in a former 19th-century Methodist chapel in Chalk Farm, north London.[26] Inaugurated in 2007, the Zabludowicz Collection’s London project space presents exhibitions of collection works and new commissions by artists linked to the collection.[27] One sculpture in the collection, a miniature statue of Jesus with an erection, surrounded by 50 other sculptures also with erections, has been considered "grotesquely offensive" by some Christians, one of whom has said she will bring a private prosecution against the Baltic Centre for Contemporary Art in Gateshead, which has exhibited the statue.[28]

1500 Broadway houses a selection of works from the Zabludowicz Collection. The programme at 1500 consists of temporary exhibitions and events whilst the lobby is open to the public during office hours.[29]

Across three locations on Sarvisalo, an island in Loviisa, Finland, the Zabludowicz Collection has initiated an international residency programme for invited artists. The residency programme offers an environment for the production of art.[30]

Plans to build a privately funded contemporary art museum in Las Vegas have been put on hold.[31][32]

Reputation[edit]

Poju and Anita Zabludowicz appear in ArtReview's Power 100 lists for 2006-2012 which assess those most powerful in the art world. In 2012, they were listed at number 87.[33][34] They appear in ARTnews's 200 Top Collectors lists for 2005-2013 which compile the world's most active art buyers.[35] Larry's List, an online database of art collectors, which ranks collectors according to Internet presence, institutional engagement, art fair participation, communications platforms, and the physical visibility and scale of their collection, has ranked them 3rd in the world.[36] They also appear in ArtLyst's Power 100 list for 2013.[37]

Zabludowicz serves as the founder and trustee of the Zabludowicz Collection since 1994, as well as a patron of Tate Modern (since 1999) and Kiasma (since 2009).[14]

Controversy[edit]

According to The Jewish Chronicle, Zabludowicz hosted secret talks at his London home in March 2011 between Israeli President Shimon Peres and Palestinian President Mahmoud Abbas.[38]

Zabludowicz claimed in October 2011 that he was tricked into funding the lavish lifestyle and globetrotting of former UK Defence Secretary Liam Fox and Fox's adviser Adam Werritty[39] and was said to be furious at suggestions that he had received any benefit or access from the payments.[40]

Zabludowicz has been called to the High Court as witness in Scot Young's divorce case.[41]

Personal life[edit]

Zabludowicz and his family reside mainly on The Bishops Avenue, a street in London referred to as Billionaire's Row, and have homes in Caesarea, Tel Aviv, and Sarvisalo, a small island in Finland.[2][8] He and his wife have commissioned a £60 million pair of "his and hers" mansions in London with an adjoining art gallery.[42] They also own a 120-ft yacht.[43]

In 2008, Zabludowicz was listed at number 30 in the Jewish Chronicle Top 100, a "list of those who wield the greatest influence on British Jewry."[44]

References[edit]

  1. ^ "People", Zabludowicz Collection. Retrieved on 26 June 2013.
  2. ^ a b Midgley, Dominic (5 March 2010). "FINN CITY...". Highbeam Business (London). Retrieved 23 June 2013.
  3. ^ "Finnish-born tycoon Poju Zabludowicz met President Niinistö during Olympics visit". Helsingin Sanomat (Helsinki). 1 August 2012. Retrieved 26 June 2013. 
  4. ^ "Newcastle United owner Mike Ashley is still North-East’s richest". Hartlepool Mail (Hartlepool). 19 April 2013. Retrieved 26 June 2013. 
  5. ^ a b "Poju Zabludowicz", The Jewish Leadership Council. Retrieved on 26 June 2013.
  6. ^ Jury, Louise (18 September 2007). "Billionaire's wife gives young artists a chance". The Evening Standard (London). Retrieved 26 June 2013.
  7. ^ a b c d Mills, T., Miller, D., Griffin, T., & Aked, H. (2013). "The Britain Israel Communications and Research Centre Giving peace a chance?". Spinwatch (Glasgow). Retrieved 25 December 2013.
  8. ^ a b Korin-Lieber, Stella (4 February 2013). "Pujo Zabludowicz mulls raising stake in El Al parent". Globes. Retrieved 26 June 2013.
  9. ^ "Selected Investments (Private)", Tamares. Retrieved on 26 June 2013.
  10. ^ "Selected Investments (Listed)", Tamares. Retrieved on 26 June 2013.
  11. ^ "Selected Properties", Tamares. Retrieved on 26 June 2013.
  12. ^ "EG Rich List 2007 Nos 1-14". Estates Gazette. 27 November 2007. Retrieved 26 June 2013.
  13. ^ a b c d "Board of Directors", Tamares Telecom. Retrieved on 26 June 2013.
  14. ^ a b c "CV Zabludowicz", Outotec. Retrieved on 26 June 2013.
  15. ^ "Synova Capital LLP: Board Committees". Businessweek. Retrieved 24 December 2013.
  16. ^ "Board", Mustavaaran Kaivos. Retrieved on 26 June 2013.
  17. ^ "Board of Directors", Outotec. Retrieved on 26 June 2013.
  18. ^ "Poju Zabludowicz", Businessweek. Retrieved on 26 June 2013.
  19. ^ "Poju Zabludowicz once again figures on British rich-list". Helsingin Sanomat (Helsinki). 27 April 2010. Retrieved 26 June 2013.
  20. ^ Syal, Rajeeev (4 January 2009). "How the pro-Israel lobby in Britain benefits from a generous London tycoon". The Observer. Retrieved 29 August 2011. 
  21. ^ Oborne, Peter (13 November 2009). "The pro-Israel lobby in Britain". Open Democracy. Retrieved 30 June 2013.
  22. ^ Pickard, Jim; Stacey, Kiran; Jones, Sam; Schaefer, Daniel (15 October 2011). "The donors and the downfall". Financial Times. Retrieved 30 June 2013. 
  23. ^ "Zabludowicz Center for Autoimmune Diseases Dedicated at the Sheba Medical Center". Sheba Medical Center. 11 April 2010. Retrieved 26 June 2013.
  24. ^ "Philanthropy", Zabludowicz Collection. Retrieved on 26 June 2013.
  25. ^ Slenske, Michael (3 February 2011). "The Zabludowicz Clan Takes Times Square". Art in America. Retrieved 26 June 2013.
  26. ^ Gleadell, Colin (18 September 2007). "Art sales: New chapter for UK collectors". The Daily Telegraph (London). Retrieved 22 May 2010. 
  27. ^ "London", Zabludowicz Collection. Retrieved on 26 June 2013.
  28. ^ "Private prosecution for Jesus with a lob on". mediawatchwatch.org.uk. 27 July 2008. Retrieved 18 August 2011. 
  29. ^ "New York", Zabludowicz Collection. Retrieved on 26 June 2013.
  30. ^ ""Sarvisalo"", Zabludowicz Collection. Retrieved on 26 June 2013.
  31. ^ Peterson, Kristen (10 February 2009). "Economy puts hold on home for art downtown". Las Vegas Sun. Retrieved 29 August 2011. 
  32. ^ Schoenmann, Joe (10 October 2008). "Art museum + entertainment = boom?". Las Vegas Sun (Las Vegas). Retrieved 22 July 2013.
  33. ^ "Anita & Poju Zabludowicz". ArtReview (London). Retrieved 23 December 2013.
  34. ^ Pasori, Cedar (18 October 2012). "ArtReview Releases Power 100 List for 2012", Complex (New York). Retrieved on 5 December 2013.
  35. ^ "The 2013 ARTnews 200 Top Collectors". ARTnews. 9 July 2013. Retrieved 19 September 2013.
  36. ^ Reyburn, Scott (18 September 2013). "Billionaire Broad Tops Art List; Storm Over Ming Sale". Bloomberg. Retrieved 19 September 2013.
  37. ^ "The ArtLyst Power 100: 2013 Alternative Art Power List Unveiled". ArtLyst (London). 15 October 2013. Retrieved 16 October 2013.
  38. ^ Bright, Martin (18 August 2011). "Middle East peace talks in a London kitchen". The Jewish Chronicle. Retrieved 18 August 2011. 
  39. ^ "The intelligence experts who doubled profits under Dr Fox since he became minister, Mail Online, 15 October 2011
  40. ^ Bright, Martin (18 October 2011). "Tories solicited cash for Werritty". The Jewish Chronicle. Retrieved 19 October 2011. 
  41. ^ Harper, Tom (14 November 2013). "David Cameron’s billionaire backer quizzed in court as part of Scot Young divorce battle". The Independent (London). Retrieved 14 November 2013.
  42. ^ Arnold, Stuart (27 April 2012). "Newcastle United chairman rises up rich league". The Northern Echo. Retrieved 23 June 2013.
  43. ^ Hastings, Sophie (11 July 2011). "Anita Zabludowicz, the exhibitionist". The Evening Standard (London). Retrieved 23 June 2013.
  44. ^ "JC Power 100: Sacks stays on top, as new names emerge". The Jewish Chronicle (London). 8 May 2008. Retrieved on 30 June 2013.

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