WealthManagement Magazine

Of Money and Art

ARTnews magazine says three of the world's top 10 art collectors (based on the volume of their acquisitions in the past year) hail from Wall Street. #1 Leon Black former head of mergers at Drexel Burnham, he founded Apollo Advisors, a private equity firm with $15 billion in assets. Black collects everything from the Renaissance masters to Chinese sculpture and contemporary art. #3 Steven Cohen the

ARTnews magazine says three of the world's top 10 art collectors (based on the “volume of their acquisitions in the past year”) hail from Wall Street.

#1 Leon Black — former head of mergers at Drexel Burnham, he founded Apollo Advisors, a private equity firm with $15 billion in assets. Black collects everything from the Renaissance masters to Chinese sculpture and contemporary art.

#3 Steven Cohen — the billionaire hedge fund manager, who runs SAC Capital, has reportedly spent $300 million building his art collection. Notable recent purchase: $8 million for artist Damian Hirst's The Physical Impossibility of Death in the Mind of Someone Living, which features a 14-ft. tiger shark displayed in a tank of formaldehyde.

#5 Henry Kravis — billionaire founder of Kohlberg Kravis & Roberts, the leveraged buyout firm, which owns around 60 percent of this magazine's parent company, has his own wing at the Metropolitan Museum of Art.

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