Amazon founder Jeff Bezos is the second richest man in the world. He has amassed a fortune of $205 billion through stocks, real estate, and art, Benzinga reported.
Among his massive million-dollar art collection is the iconic "Hurting the Word Radio #2" by Ed Ruscha, bought in 2020, for a record price of $53 million.
This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection.
As concerns over stock market volatility persist, the world’s wealthiest individuals, including not only Bezos but royal elites such as Dubai’s king Sheikh Mohammed bin Rashid al Maktoum, are increasingly turning to art as a strategic investment avenue.
Art investment, often viewed as exclusive to the ultra-wealthy, offers a unique combination of cultural prestige and financial resilience.
As per a Billionaires Report published in 2022, 30% of billionaires possess art collections averaging $300 million in value.
French luxury goods conglomerate, Bernard Arnault, who is also the richest man in the world has a huge art collection ranging from artists such as Picasso to Henry Moore.
According to What A Portrait, Salvator Mundi by Leonardo Da Vinci is the most expensive painting ever sold at $400 million.
"Just as Brazil popularised football, we will transmit this game to the whole world," says mheibes champion
Number of Canadians returning from US fell 23% in February year-on-year, reports Statistics Canada
Some demonstrators carried placards reading "Against state Islamophobia" and "Tesla is the new swastika"
Announcement comes as Iran prepares to respond to letter from Trump urging resumption of nuclear talks
US negotiators will meet separately with Ukrainian and Russian delegations in Saudi Arabia on Monday
"I liked him. I thought he was straight up with me," says Trump's envoy in the interview aired Friday
