Name
David Nahmad
Primary Residence
New York
Citizenship
Monaco
Source Of Wealth
art collection, Self Made
Net Worth
$1,800,000,000
Forbes Profile
Forbes 2019 Billionaires List Rank:
1281
Forbes List Rank One: Title
#1281 Billionaires 2019
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Summary
Megadealer David Nahmad with brother Ezra owns a stockpile of modern and impressionist art, stored in a duty-free warehouse in Geneva, Switzerland. The Nahmads' inventory includes more than 30 blue chip artists, from Monet and Matisse to Renoir and Rothko. They buy and sell mainly at auction. Among the holdings: 300 Picassos, worth at least $1 billion. The whole collection is worth $3 billion. The brothers split their art assets 50/50. David also trades a currency and stock portfolio worth more than $300 million.
Did you know?
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. The sons' assets are separate from their fathers'.
Age
72
Categories
Number of Children
3
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