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South American billionaire Eduardo Hochschild buys MoMA condo

Peruvian Mining billionaire Eduardo Hochschild just bought a 3,484 square feet at the 77-floor tower were the Museum of Modern Art (MOMA) expansion in its base for $8.45 million, The NY Post reports.

The 48th-floor, three-bedroom unit, at 53 W. 53rd St., was designed by Thierry Despont. The apartment “opens with a foyer and features floor-to-ceiling windows with views of Central Park, the Hudson River, and the city skyline,” according to the Post. “The master bathroom has walls made of golden travertine from Hochschild’s native Peru.”

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Its amenities include a 65-foot lap pool, a screening room, a golf simulator, a double-height lounge and a private dining area that looks out to Central Park.

Hochschild, 57, is the chairman of the mining and industrial company Hochschild Group which was founded by his uncle Moritz (Mauricio) Hochschild.

Eduardo’s uncle, Moritz, was born in 1881, in Germany to a family that already had a rich mining tradition. Hochschild continued in the same vein studying mining and engineering at the Freiberg University of Mining and Technology. After graduating, Hochschild gained his first practical experience working with the large industrial conglomerate Metallgesellschaft, whom he joined in 1905.

Looking to broaden his experience on the international market, Hochschild first made his way down south to the warmer climates of Spain, later making the long trip to Australia, and from there covering the other half of the world eventually arriving in South America to work.

Moritz (Mauricio) Hochschild was to remain for almost 10 years in Chile where he was involved in the mining industry, returning to Germany to see out the first World War.

After the war, Hochschild returned to South America where he succeeded, during the following two decades, who build up a considerable economic empire based in Bolivia mining tin ore, but that stretched as far as to Chile in the south and Peru in the north.

However as World War II approached and the political situation in South America became increasingly unstable, Hochschild left the continent to run his business from Europe will continue to prosper and grow eventually being listed on the London Stock Exchange in 2006, almost 20 years after Moritz Hochschild passed away.

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