David Nahmad
$2.3B
Born
Apr 14, 1947
Age
78
Source of Wealth
Art collection
Residence
New York, New York
Citizenship
Monaco
Marital Status
Married
Children
3
Education
- Megadealer David Nahmad owns a stockpile of modern and impressionist art, stored in a duty-free warehouse in Geneva, Switzerland.
- Nahmad's inventory includes more than 30 blue chip artists, from Monet and Matisse to Renoir and Rothko. He buys and sells mainly at auction.
- Among the holdings: 300 Picassos, worth at least $1 billion. The whole collection is worth an estimated $3.5 billion. He splits the art assets with the heirs of his late brother, Ezra.
- David also trades a currency and stock portfolio worth more than $400 million.
- David's son Hillel runs the Helly Nahmad Gallery in the Carlyle Hotel in Manhattan. His nephew runs a gallery by the same name in London.
- David's younger son Joe runs the Nahmad Contemporary gallery on Manhattan's Madison Avenue. His nephew, also named Joe, runs the Nahmad Projects gallery in London.
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