There’s a long tradition of Wall Street titans also being serious art collectors.
The tradition still continues today amongst Wall Street’s biggest power players.
While fine art makes since as an investment and portfolio diversifier, most Wall Streeters don’t accumulate Warhols or Picassos to flip them – they genuinely appreciate the masterwork of great painters, drawers and sculptors, and are passionate about art.
We’ve selected the crew of bankers, hedge funders and financiers who are power collectors — the individuals who fill their offices and their homes with Pop Art, Impressionist canvases and Old Masters galore, alongside their more liquid investments.
Occupation: A former partner at Goldman Sachs and an avid collector of photography.
Collection: Walther currently has two public displays of his collection; one outside Munich and the other at a gallery space in Chelsea. His collection is focused heavily on African, German, and Asian photography, and he loves to travel and discover regionally known photographers who have not yet achieved international recognition, according to the New York Times.
Fun Fact: He has a private museum in Neu-Ulm, Germany, which opened last year. He also serves on the board of the International centre of Photography and the Whitney's photography-acquisitions committee, according to ArtInfo.
Occupations: Liu Yiqian is a self-made stock trader and billionaire. He and his wife are considered to be China's biggest art collectors.
Collection: Wang serves as a curator for the pair's enormous collection, which consists primarily of Chinese art, according to BBC News.
Fun Fact: In October 2010, Liu paid about $11 million for a Qing Dynasty imperial throne with carved dragons at Sotheby's Hong Kong, BBC reported. And the couple recently showed around 60 of their Chinese paintings at a show in Beijing, which was insured for $1.5 billion.
Occupation: Hedge Funder, Third Point
Collection: Mostly postwar and contemporary art, including Richard Prince, Basquiat, Andy Warhol, Mike Kelley, and Cindy Sherman.
Fun facts: He has his own curator! Sits on the board of L.A. MoCA. Apparently he's yet to 'establish himself as a true 'collector'; he's just as quick to take a profit on a painting as he is on a stock position.'
Occupation: Investor and leveraged buyout titan
Collection: 'It is antiques more than art for this captain of industry (and high-society fixture in Palm Beach). But both are packed in wall-to-wall at his expansive, terraced, tony penthouse overlooking Carnegie Hall.'
Fun fact: He owns a six-and-a-half-foot-tall bronze monkey by the late French artist Francois-Xavier Lalanne
Occupation: Hedge funder, Citadel
Collection: Impressionism; Post-Impressionism.
Fun fact: In 2006 he bought Jasper Johns 'False Start' for $86 million from David Geffen. It's one of the most expensive paintings ever sold.
Occupation: Banker, former chairman of Lazard Frères and partner at Goldman Sachs
Fun facts: 'When their 2,000-square-foot namesake gallery opened at the Met in 2007, the director at the time, Philippe de Montebello, credited Mrs. Menschel in particular with boosting the importance of photography at the museum.' Former chairman of MOMA.
Occupation: Hedge funder, founder and Chairman of Caxton Associates
Collection: He collects rare books, musical manuscripts and some paintings.
Fun fact: He's on the board of Julliard and the Metropolitan Opera.
Occupation: Hedge funder, Tiger Management
Collection: Impressionist and modern art including Cezanne, Picasso, Matisse, Gauguin and Mondrian.
Fun fact: In 2009 Robertson gifted 15 works of art to the Auckland Art Gallery in New Zealand - 'the largest gift ever made to an art museum in Australasia.'
Occupation: Former Commodities trader.
Fun fact: He's on several boards including the Whitney Museum of American Art, MOMA, and the American Friends of the Tate Gallery, and the Committee on Collections, Harvard University.
Occupation: Hedge Funder, Exis Capital.
Collection: Modern and contemporary including Dan Flavin, John Currin, Ed Ruscha.
Fun fact: 'In about 2006, in a controversial move within the art world, he started to 'flip' recently acquired chunks of it for profit.' He once said his portfolio was worth less than his art.
Occupation: Hedge Funder, Level Global
Collection: Modern and contemporary art including Diane Arbus, Richard Prince, Jeff Koons, Mike Kelley and Christopher Wool.
Fun fact: His wife wrote a book about the New York art scene called Lulu Meets God and Doubts Him and 'skewered the shallowness of the art scene.'
Occupation: Hedge Funder, founder Steinhardt, Fine, Berkowitz & Co
Collection: Classical antiquities, drawings and Judaica. Includes Picassos and Chagalls.
Fun fact: 'Customs officials once famously came to the Fifth Avenue home of Mr. Steinhardt for a high-profile seizure of an golden plate from his ancient art collection claimed by Italy.
Occupation: CEO, Blackstone Asset
Collection: Postwar American and European art; Renaissance bronzes. Includes Fracnis Bacons, Cy Twombly and Jasper Johns.
Fun fact: He's a friend of Old Masters dealer Richard Feigen, and recently started adding 13th- and 14th-century Italian paintings and is one of the world's most noted collections of Renaissance bronzes.
Occupation: Private Equity, co-Founder, Kohlberg Kravis Roberts & Co.
Collection: Monets, Renoirs and Louis XIV furniture, but have recently begun to sell off some Modern works from the 1950s, to make way for more contemporary art.
Fun fact: A wing at the Met is named after them.
Occupation: CEO Apollo Management
Collection: Old Masters; Impressionism; modern painting; Chinese sculpture; contemporary art.
Fun fact: 'He made a gift of a Leonardo da Vinci drawing to the Met.' He's been on the boards of Lincoln centre, the Jewish Museum, the Met and MoMA, where Jay-Z hosted a gala in celebration of his generosity!
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