"Billionaire Zygmunt Solorz is widening attempts to recover a fortune held in Liechtenstein that he claims he was tricked into handing over to his children, in a succession feud tearing apart one of Eastern Europe's richest families. Solorz, the media and telecoms baron behind Poland's Polsat TV channel, asked a US federal court late last month to compel daughter Aleksandra Zak to hand over documents related to the battle. His lawyers believe it may help in the legal fight with his children."
"Solorz's empire spans from power utility ZE PAK SA to media and telecommunication giant Cyfrowy Polsat SA. He has a net worth of $2.4 billion, according to the Bloomberg Billionaires Index. The dispute began at a family gathering last year, when Solorz and his three children began succession discussions, according to the US filing. The billionaire initially agreed to transfer control of his two Liechtenstein-registered foundations which effectively hold his business empire to his three children, but then reversed the decision several days later."
"The children have said that his fourth wife, Justyna Kulka, is preventing them from having contact with him as well as alleging she was behind Solorz' change of heart. The billionaire has two sons, Piotr Zak and Tobias Solorz, in addition to daughter Aleksandra. She lives in Los Angeles and has resided in the United States since at least 2019. As such, she's not been involved in the day-to-day operations of her father's empire, according to the filing."
Zygmunt Solorz, a Polish media and telecoms magnate with holdings from ZE PAK SA to Cyfrowy Polsat SA and a reported net worth of $2.4 billion, is engaged in a family succession dispute over two Liechtenstein-registered foundations that effectively hold his business empire. He initially agreed to transfer control of the foundations to his three children but reversed that decision days later. The children accuse his fourth wife of blocking contact and influencing the reversal. Solorz has sought US court assistance to compel daughter Aleksandra Zak to produce documents that his lawyers believe may aid ongoing legal battles in Europe.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]