Rank #1069
David Nahmad
Net worth $4.0B
Art collection · Monaco
- Born
- Apr 14, 1947
- Age
- 79
- Source
- Art collection
- Residence
- New York, New York
- Citizenship
- Monaco
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- 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 $7 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.