Jump to content

Hansjörg Wyss

From Wikipedia, the free encyclopedia

Hansjörg Wyss
Born
Johann Georg Wyss

(1935-09-19) 19 September 1935 (age 89)
Bern, Switzerland
EducationETH Zurich (BS, MS)
Harvard University (MBA)
TitleFormer CEO, Synthes
Chairman, Wyss Foundation
Co-owner, Chelsea
ChildrenAmy

Johann Georg Wyss (born 19 September 1935), known as Hansjörg Wyss, is a Swiss billionaire businessman and donor to politically liberal and environmental causes in the United States. He is the founder and former president and chairman of Synthes, a medical device manufacturer. His Wyss Foundation has more than $2 billion in assets. As of 2023, Wyss had a net worth of US$4.7 billion, according to Forbes.[1] Having donated hundreds of millions of dollars to environmental causes, he has more recently increased his donations to groups promoting progressive causes. He is the co-owner of Premier League football club Chelsea.[2] And he is one of the anchor shareholders of Lalique Group, with Müller Handels AG Schweiz, Dharampal Satyapal Limited, Hansjörg Wyss and Claudio Denz, they hold 42.67% of Lalique Group shares. In 2019, Hansjörg Wyss and Swiss entrepreneur Silvio Denz acquired the historic Glenturret Distillery in Scotland.

Early life and career

[edit]

Wyss was born in Bern, Switzerland, in 1935. His father sold mechanical calculators and his mother was a homemaker. He was brought up in a flat with two sisters.[3] After receiving a master's degree in civil and structural engineering from the Swiss Federal Institute of Technology Zurich in 1959,[4] Wyss earned an MBA from Harvard Business School in 1965. Following that, he worked in various positions in the textile industry, including as a factory engineer and project manager for Chrysler in Pakistan, Turkey and the Philippines.[4][5]

Wyss also worked in the steel industry in Brussels, Belgium.[4] During his time working in that industry, Wyss ran a side business selling airplanes. Through one sale, he met a surgeon who had co-founded Swiss medical device manufacturer Synthes.[6] After that meeting, Wyss spent two years learning about the medical device industry. He then founded and became president of Synthes USA in 1977.[5]

Synthes USA

[edit]
Main article: Synthes

In 1977, Wyss founded and became president of Synthes USA,[5][7] the U.S. division of the Switzerland-based Synthes, a medical device manufacturer making internal screws and plates for broken bones.[6] He founded the company after meeting Martin Allgoewer, the founder of AO Foundation, and obtaining permission to sell the organization's devices in the Americas.[8] In an early initiative, Wyss opened a Synthes USA manufacturing plant in Colorado.[5] Prior to that, another Swiss company manufactured Synthes' devices and exported them to the U.S.[5] Under Wyss' control, the U.S. division expanded its sales team and trained surgeons how to use its products.[5] Wyss served as Synthes' worldwide CEO and chairman until his resignation as CEO in 2007.[4] He maintained his post as company chairman until Johnson & Johnson acquired Synthes in 2012.[9][10] During his tenure, Wyss said discussions of new products made up one-third of board meetings.[5] A manager assigned to the Norian project testified before a grand jury that "for somebody who is at his level and his level of success, I would say he [Wyss] has a surprising amount of contact with what's going on". Staff recalled meetings in which he intensively probed their projects.[11]

In 2009, top executives at Synthes were indicted by U.S. Attorneys for Eastern Pennsylvania for using an untested calcium-phosphate-based bone cement on human patients without authorization from the Food and Drug Administration. Use of the bone cement resulted in the deaths of three people.[12] Wyss was not indicted, but four top executives of Synthes were convicted and sentenced to prison terms.[11]

In 2012, Wyss sold the company for $19.7 billion in cash and stock to Johnson & Johnson.[13] According to Bloomberg, he received 97.4 million shares in Johnson & Johnson and $3.2 billion cash from the deal.[8]

Philanthropy

[edit]

According to Forbes, Wyss is "among the most philanthropic people in the world".[1][14] Between 2004 and 2008, Businessweek estimated that Wyss personally donated nearly US$277 million.[6] His giving increased subsequent to the sale of Synthes in 2012. In 2013, he signed The Giving Pledge, agreeing to give away the majority of his fortune.[1][15] The assets of his charitable foundations equal nearly $2 billion.[1]

He has made major donations to environmental and scientific causes,[6] as well as progressive organizations, including the Center for Budget and Policy Priorities, Health Leads and the Constitutional Accountability Center.[16]

In 2019, Wyss promised to donate 20 million Swiss francs to the Bern Art Museum. He made it a condition that the Hodlerstrasse, on which the museum is located, be free of cars.[17]

Environmentalism

[edit]

As of 2015, Wyss and the Wyss Foundation had donated more than $350 million to environmental protection, including conservation of national forests and other public lands in the Western United States.[18]

In October 2018, Wyss published an article in The New York Times stating that he was contributing $1 billion to environmental causes.[19]

Wyss has said that he became passionate about the American West and land preservation after visiting the U.S. in 1958 as a student and taking a summer job as a surveyor with the Colorado Highway Department.[3][18]

In 1998, he created the Wyss Foundation.[20] The objective of the foundation was to establish and sponsor informal partnerships between non-governmental organizations and the United States government, in order to place large swathes of land under permanent protection in the American West.[3] The organization sponsors the Wyss Scholars Program for graduate-level education in conservation.[4][21]

The landscape protection strategies of the foundation have included assisting the purchase of mineral leases from oil and gas companies.[22][23] Other causes the Wyss Foundation supports include river restorations,[18] ocean conservation in Peru and Canada,[15] anti-poaching efforts in Africa and environmental journalism.[20][24] In 2017, the organization announced a charitable commitment of $65 million to African Parks, a conservation nonprofit overseeing ten parks in seven African nations, to help create new protected areas in Africa.[16]

In 2010, Wyss gave The Nature Conservancy $35 million to purchase 310,000 acres in Montana as part of one of the largest private conservation purchases in the United States.[18] In 2013, he donated $4.25 million to The Trust for Public Land for the purchase of oil and gas leases in Wyoming to prevent development in the Hoback Basin.[1][18] In 2016, Wyss made another donation to the Trust for Public Land that resulted in the expansion of Saguaro National Park in Arizona by 300 acres, including a mile and a half of Rincon Creek.[25]

Wyss is involved with The Wilderness Society and Rails-to-Trails. He serves on the boards of the Southern Utah Wilderness Alliance, the Center for American Progress, and the Grand Canyon Trust.[7][18][22] Wyss has donated more than $6 million to the Center for American Progress.[26] In 2011, Wyss won the Robert Marshall Award from The Wilderness Society for his conservation work.[3]

In January 2015, the conservative U.S. news site The Daily Caller accused John Podesta, who was at the time an advisor on environmental issues to the Obama administration, of an alleged ethics violation for pushing the advocacy agenda of a former employer because, previously, he had received $87,000 as a consulting fee for work he did in 2013 for the HJW Foundation (a Wyss organization that later was merged with the Wyss Foundation). According to the High Country News, "nothing ever came of the accusations".[27]

In 2018, Wyss donated $1 billion to the Wyss Campaign for Nature, aiming to conserve 30% of the world's land and oceans by 2030.[28]

Scientific research

[edit]

In 2007, he received the Harvard Business School Alumni Achievement Award,[5] and in the fall of 2008, it was announced that Wyss donated the largest single endowment from one source in the history of Harvard, when he gave $125 million to found a multidisciplinary institute, the Wyss Institute for Biologically Inspired Engineering at Harvard University.[29][30][31]

In 2012–13, he announced the creation of the Campus Biotech and of its Wyss Center for Bio- and Neuro-engineering in Geneva, Switzerland. In 2014, Wyss donated $120 million to the Swiss Federal Institute of Technology Zurich and the University of Zurich for the Wyss Translational Center Zurich.[32]

In 2019, Wyss donated a further $131 million to Harvard Business School to support the Wyss Institute.[33]

In 2020, Wyss donated CHF 100 million to support the Wyss Academy for Nature at the University of Bern.[34]

Political activities

[edit]

In 2015, Wyss publicly declared that he was in favor of higher inheritance taxes for the wealthy in Switzerland.[35]

Wyss is a member of the Democracy Alliance, a club of liberal donors.[26]

There has been a longstanding rivalry between billionaire Wyss, who supports liberal politics, and billionaire Christoph Blocher, who supports conservative politics. Both entered into public debates about the bilateral agreements between Switzerland and the European Union as well as the limitation of immigration into Switzerland. Wyss advocated openness toward the EU and immigrants while Blocher advocated for Switzerland's independence in those matters.[36]

The Hub Project and Arabella Advisors

[edit]

In 2021, The New York Times reported that Wyss had "quietly created a sophisticated political operation to advance progressive policy initiatives and the Democrats who support them".[26] In 2015, the Wyss Foundation initiated The Hub Project, which seeks "to shape media coverage to help Democratic causes". The goal of The Hub Project is to help Democrats be more effective at conveying their arguments through the news media and directly to voters. It seeks to "dramatically shift the public debate and policy positions of core decision makers". The Hub Project engaged in paid advertising campaigns in 2018 that criticized Republican congressional candidates.[26]

The Hub Project is part of Arabella Advisors, a leading vehicle for funneling "dark money" on the political center-left. The Hub Project is housed within the Arabella-sponsored groups the New Venture Fund and the Sixteen Thirty Fund. Wyss has donated $245 million to the Sixteen Thirty Fund and the New Venture Fund since 2016. The Sixteen Thirty Fund gives directly to political committees and pays for TV ads that back specific candidates and causes. In 2022, the FEC said the Sixteen Thirty Fund should be required to register as a political committee, which would require more disclosure.[37]

The New Venture Fund underwrites Acronym, which owns the Courier Newsroom, a group seeking to boost Democratic candidates through local news stories and advertising.[26] The Wyss Foundation has donated to States Newsroom, a nonprofit media group. Media watchdog NewsGuard said State Newsroom's journalism had been "bought by people with a political agenda".[26]

Bid for Tribune Publishing

[edit]

In 2021, along with Stewart W. Bainum Jr., Wyss made a bid to buy Tribune Publishing, which publishes newspapers including The Chicago Tribune and The Baltimore Sun. The New York Times reported that "the big-money activism of Mr. Wyss and Mr. Bainum highlights concerns that wealthy owners may try to influence news coverage to advance their political agendas",[26] and on April 14, 2021,[38] they identified him as the top bidder. On April 17, 2021, Wyss backed out of the potential deal while Bainum Jr. continued to seek alternate investors in his bid to buy Tribune Publishing.[39]

Berger Action Fund

[edit]

In 2023, the Associated Press published an article about the steering of Wyss's wealth into U.S. politics and policy.[37] As a Swiss citizen, Wyss is legally prohibited from directly donating to U.S. political candidates or committees. Between 1990 and 2006, he donated $119,000 directly to candidates and political committees. The Federal Election Commission declined to take action against him, and the statute of limitations has passed. The Associated Press found that Wyss's "influence is still broadly felt through millions of dollars routed through a network of nonprofit groups that invest heavily in the Democratic ecosystem. Such groups don't have to disclose the source of their funding — or many details about how they spend it." One vehicle for Wyss's political donations is the Berger Action Fund, which has donated $339 million to left-leaning nonprofits since 2016. The majority of the Berger Action Fund's $72 million expenditures in 2021 went to building public support for Joe Biden's agenda and thereby "cementing Wyss' status as a Democratic-aligned megadonor."[37]

Personal life

[edit]

In 2014, Wyss said he carried only a Swiss passport and did not have a U.S. green card.[26] As of 2021, The New York Times wrote, he "has not disclosed publicly whether he holds citizenship or permanent residency" in the U.S.[40]

Wyss lives in Wyoming.[41] His daughter, Amy, is a resident of Wyoming also.[42] Wyss is a hiker, skier, and backpacker.[18] He also is a hobby pilot.[4] He is involved in outdoor education programs and he funds local efforts to conserve wildlife habitat and public lands in the Rocky Mountains.[18][43]

In 2000, Wyss purchased the 900-acre (3.6 km2) Halter Ranch and Vineyard in western Paso Robles, California.[44] The ranch includes an 1,800-acre wildlife reserve and a 281-acre vineyard producing 13 varietals of grapes using methods that are "Sustainability in Practice" certified. The ranch hosts tours and was named "Best Vineyard Experience" by Sunset in 2015.[45]

As of 2023, Wyss ranked 523 on the Forbes list of billionaires, with an estimated net worth of approximately $4.7 billion.[46][29] He ranks number 218 on the Bloomberg list of billionaires.[8]

On May 6, 2022, Chelsea announced that the club agreed to terms with a new ownership group, of which Wyss is a member.[47] The acquisition was completed on May 30, 2022.[2]

References

[edit]
  1. ^ a b c d e "Forbes profile: Hansjoerg Wyss". Forbes. Retrieved 4 March 2022.
  2. ^ a b "Consortium led by Todd Boehly and Clearlake Capital completes acquisition of Chelsea Football Club". Chelsea F.C. Retrieved 30 May 2022.
  3. ^ a b c d Marie-Christine Bonzom (27 October 2011). "Bernese billionaire works to keep West wild". Swissinfo. Retrieved 9 July 2015.
  4. ^ a b c d e f Allison Connolly (20 April 2011). "Wyss May Top Bertarelli as Richest Swiss Man in Synthes Sale". Bloomberg.com. Retrieved 26 June 2015.
  5. ^ a b c d e f g h "Hansjörg Wyss, MBA 1965". alumni.hbs.edu. Harvard Business School. 1 January 2007. Retrieved 25 June 2015.
  6. ^ a b c d Miriam Hill (6 December 2009). "Legal troubles for local billionaire". Philly.com. Retrieved 9 July 2015.
  7. ^ a b "HBS Receives $25 Million Gift for Doctoral Program". The Harbus. 25 October 2004. Retrieved 25 June 2015.
  8. ^ a b c "Bloomberg Billionaires Index". Bloomberg Business. 7 April 2017. Retrieved 14 December 2023.
  9. ^ Matthew Herper (27 April 2011). "Synthes Sale Creates $8.7 Billion Man". Forbes. Retrieved 13 October 2015.
  10. ^ John George (14 June 2012). "Johnson & Johnson completes $20B takeover of Synthes". Philadelphia Business Journal. Retrieved 21 July 2015.
  11. ^ a b "Bad to the Bone – a Medical Horror Story", fortune.com, 18 September 2012.
  12. ^ "Three people died in illegal human experiments carried out by John Podesta backer's firm", washingtonexaminer.com; accessed 21 October 2015.
  13. ^ "Johnson & Johnson $ 19.7 billion acquisition of Synthes transactions to increase corporate profits". 13 June 2012. Archived from the original on 24 January 2013.
  14. ^ Çam, Deniz. "From Azim Premji to Carlos Slim: The World's Most Generous Billionaires Outside Of The U.S." Forbes. Retrieved 23 July 2021.
  15. ^ a b Tate Williams (4 November 2014). "Wyss, Yet Another Big Philanthropist, Turns to the Oceans". Inside Philanthropy. Retrieved 9 July 2015.
  16. ^ a b Tate Williams (1 March 2017). "With Africa's Wilds Facing Growing Threats, A Billionaire Steps Up". Inside Philanthropy. Retrieved 7 April 2017.
  17. ^ "Darf ein Mäzen politisch dreinreden?". Seniorweb (in Swiss High German). 9 August 2021. Retrieved 25 August 2021.
  18. ^ a b c d e f g h Phil Taylor (24 May 2015). "'Quietly philanthropic' tycoon makes his mark in the West". Environment & Energy Publishing. Retrieved 25 June 2015.
  19. ^ Wyss, Hansjörg (31 October 2018). "We Have to Save the Planet. So I'm Donating $1 Billion". New York Times. Retrieved 2 November 2018.
  20. ^ a b Paul M.J. Suchecki (18 March 2015). "Another Billionaire Comes to the Defense of Africa's Elephants and Rhinos". Inside Philanthropy. Retrieved 25 June 2015.
  21. ^ "Island student wins scholarship". Bainbridge Review. 7 March 2015. Retrieved 25 June 2015.
  22. ^ a b Jonathan Franklin (16 August 2008). "Save the planet? Buy it". The Daily Telegraph. Retrieved 9 July 2015.
  23. ^ "Trout Unlimited buys Rocky Mountain Front petroleum leases". Billings Gazette. Associated Press. 12 April 2007. Retrieved 17 September 2015.
  24. ^ Marc Gunther (30 January 2015). "Behind one of the Nature Conservancy's largest ever forest purchases". The Guardian. Retrieved 25 June 2015.
  25. ^ Elizabeth Walton (23 March 2017). "44 acres added to Saguaro National Park east". TucsonNewsNow. Retrieved 7 April 2017.
  26. ^ a b c d e f g h Vogel, Kenneth P.; Robertson, Katie (13 April 2021). "Top Bidder for Tribune Newspapers Is an Influential Liberal Donor". The New York Times. Retrieved 14 April 2021.
  27. ^ Elizabeth Shogren (25 May 2015). "John Podesta: Legacy maker". High Country News. Retrieved 25 June 2015.
  28. ^ Lauren Wills (24 November 2018). "83-Year-Old Swiss Entrepreneur Donates $1 Billion to Protect the Planet". Live Kindly. Retrieved 20 April 2019.
  29. ^ a b Wilkinson, Tara Loader. Switzerland's second richest man makes big donation to Harvard, Wealth Bulletin, 8 October 2008; retrieved 15 October 2008.
  30. ^ "Alum gives Harvard $125 million", NBC News; retrieved 15 October 2008.
  31. ^ Harvard alum donates record $125M, usatoday.com, 7 October 2008; retrieved 15 October 2008.
  32. ^ André Müller (12 December 2014). "Hansjörg Wyss sponsoring research". Neue Zürcher Zeitung. Retrieved 26 June 2015.
  33. ^ Yakowicz, Will. "The Biggest Philanthropic Gifts Of 2019". Forbes. Retrieved 15 October 2020.
  34. ^ "System Change | Wyss Academy for Nature | Bern". Wyss Academy.
  35. ^ "Blick: Hansjörg Wyss, der Freund der Erbschaftssteuer". 4 June 2015.
  36. ^ "Blick: Hansjörg Wyss und Christoph Blocher – Die Schlacht der alten Milliardäre". 23 August 2015.
  37. ^ a b c Slodysko, Brian (4 April 2023). "Group steers Swiss billionaire's money to liberal causes". Associated Press. Retrieved 14 December 2023.
  38. ^ "Today's Headlines - the New York Times".
  39. ^ Izadi, Elahe; Ellison, Sarah. "Swiss billionaire backs out of offer to buy Tribune Publishing Co". Washington Post. Retrieved 20 April 2021.
  40. ^ Vogel, Kenneth P. (3 May 2021). "Swiss Billionaire Quietly Becomes Influential Force Among Democrats". The New York Times. ISSN 0362-4331. Retrieved 3 May 2021.
  41. ^ "#240 Hansjoerg Wyss". Forbes. 6 August 2015. Retrieved 6 August 2015.
  42. ^ "#1044 Amy Wyss". Forbes. 18 August 2015. Retrieved 18 August 2015.
  43. ^ Jeanne O'Brien (5 January 2011). "Wilderness Medicine Campus Coming to Wyoming". snewsnet.com. Archived from the original on 19 April 2023. Retrieved 18 August 2015.
  44. ^ Faith Echtermeyer (8 January 2014). "Swiss billionaire merges winemaking, conservation on coast". ocregister.com. Orange County Register. Retrieved 25 June 2015.
  45. ^ Sally Buffalo (16 September 2016). "At Paso Robles' Halter Ranch winery, nature and science meet". The Tribune (San Luis Obispo). Retrieved 7 April 2017.
  46. ^ "Hansjoerg Wyss". Forbes. Retrieved 14 December 2023.
  47. ^ "Club statement | Official Site | Chelsea Football Club". ChelseaFC. Retrieved 8 May 2022.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Hansjörg_Wyss&oldid=1245313101"
pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy