The 10 top art investors in the world

According to Wealth X, the specialist data service focused on ultra-high net worth individuals, the average billionaire owns art worth $31 million or 0.5% of their net worth. However, the top 10 billionaire art investors have on average invested 18% of the net wealth.
Wealth-X estimates that there are 2,170 billionaires in the world.
It says that Nasser Khalli, a British-Iranian property tycoon is the billionaire with the greatest proportion of his wealth invested in art. He has spent almost all of his $1billion fortune of art. Khalli specializes in Islamic works, Japanese and Swedish art and ceramics.
David Lawrence Geffen has the largest collection out of all billionaires with Wealth-X estimating it at $1.1 billion. Geffen is a keen buyer of modern American art.
The consultancy estimates that Francois Pinault, the owner of Christie’s, has invested in art worth more than $1 billion. Pinault’s collection is often exhibited in his Palazzo Grassi modern art museum in Venice.
The World’s Top 10 Billionaire Art Investors
Rank | Amount invested in art ($ billion) | Full name | Estimated net worth ($ billion) |
1 | 1.1 | David Geffen | 5.5 |
2 | 1 | Steven Cohen | 8.3 |
3 | 1 | Eli Broad | 6 |
4 | 1 | Boris (Bidizina) Ivanishvilli | 6.4 |
5 | 1 | Francois Pinault | 9.9 |
6 | 0.95 | Nasser Khalli | 1 |
7 | 0.9 | Norman Braman | 1.6 |
8 | 0.8 | Doris Fisher | 2.3 |
9 | 0.75 | Leonard Black | 3.4 |
10 | 0.7 | Samuel Newhouse Jnr. | 7.1 |
Source: Wealth-X.com