Pandora Papers: Julio Iglesias’ network to acquire land in “the bunker of the rich” is revealed | The Spanish singer’s real estate deals in Miami

Spanish singer Julio Iglesias used five companies located in the British Virgin Islands tax haven to acquire properties on Miami Island Indian stream, also known as the “bunker of the rich”. According to research Pandora Papers, the 78-year-old musician is also linked to fifteen other companies, all managed by Trident Trust, a law firm specializing in the registration of offshore structures.

Iglesias shares ownership of 16 of these businesses with his wife, the hollandesa Miranda Rijnsburger. The other four companies are in your name.

The current value of homes acquired by Iglesias, according to the official Miami-Dade County Register, stands at $ 112 million. The dynamic For the purchase of the Indian Creek land, the researchers retraced, it is often repeated: A public limited company is first founded in a tax haven and then, through it, the land is purchased. On this exclusive island, an undeveloped land of 7,400 square meters is valued at $ 25 million.

According to Forbes estimates, Iglesias has a fortune of 800 million euros. Some of the offshore companies he founded date back to the 1990s.

According to his representative Juan Velasco, the musician has not had a tax residence in Spain since 1978. Although it is known that at least until 2018 he resided in the Dominican Republic, his lawyers declined to comment on this information and did not confirm his current residence. “I have never stopped paying a damn tax all over the world, where I sing, I pay my taxes,” Iglesias told journalist Jordi Évole in an interview in 2015.

Iglesias was one of the first Spanish artists who decided to move his residence to Miami, as were Alejandro Sanz and later Rosalía.

Indian Creek, the “bunker” of the rich

Indian Creek is an island north of Miami Beach with access to the Atlantic and Biscayne Bay. It overlooks the downtown skyline and has a private police system that controls passage by land and sea. The place, which only houses mansions – it has no shops. , hotels or supermarkets – has been ranked among the most expensive in the United States.

The island came to the center of media attention in December 2020, when Donald Trump resisted admitting defeat in the presidential election while his daughter Ivanka trump and his son-in-law Jared kushner they reorganized their heritage. One of the vacant lots in Iglesias was sold to the famous couple for $ 32,179,000, as reported in the US press, although property records have yet to release the name of the last owner of this land.