Why Denise Rich Gave Up U.S. Citizenship?
- Another wealthy American has given up U.S. citizenship and the taxes that go with it: Denise Rich, the Grammy-award-nominated songwriter and ex-wife of commodities trader Marc Rich. A spokesperson for Denise Rich said that she expatriated in order to be closer to her longtime life partner, Peter Cervinka, as well as her friends and family. She will be an Austrian citizen. In 2011, nearly 1,800 people approached US Citizenship Services to renounce their U.S. citizenship or residency.