Portrait of David Nahmad

Rank #1075

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.