Pursuits

Swiss Magnate Looser Spends Fortune on Art, Gives It Away

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June 17, 2013 at 11:00 PM UTC

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Hubert Looser built up two companies, sold shares to the public, made his fortune, then got bored of business and switched to art.

The Zurich entrepreneur stepped down as chairman of the heating company Elco Looser Holding AG and an office supplies company called Walter Rentsch AG more than 20 years ago.