David Nahmad Net Worth is$3 Billion
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Date of Birth: 1947
Net Worth: View David Nahmad Net Worth
What is David Nahmad's net worth? David Nahmad's net worth is $3 billion dollars which makes him the richest person in Monaco. Born in Beirut, Lebanon, David Nahmad currently resides with his family in Monaco. He and his two brothers, own a vast collection of fine art, which is widely believed to be the most valuable collection of art in the world. Their collection includes approximately 4,500 works of art, including paintings, sculptures, and other pieces by such luminaries as Renoit, Matisse, and Picasso. In fact, they currently have 300 works by Picasso in their collection. The majority of the art is stored in a facility near the airport in Geneva, Switzerland. They have amassed their fortune from buying and selling the pieces at profit. They are also involved in extensive currency and commodities trading. In addition to having an eye for art, David Nahmad is also the 2006 Backgammon World Champion, and is known for betting incredibly large amounts of money on the game.
David Nahmad (b. 1947, in Beirut,Lebanon) is a fine art dealer and billionaire. A descendant of a Jewish Lebanese art family residing in Monaco, he and his relations are perhaps the single biggest buying force in fine art. As of 2011, David Nahmad and his family's net worth was estimated at $3 billion, ranking him with his family at 376 on Forbes Billionaires list.

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David Nahmad Latest News

Appeals court allows heir to renew claim against Nahmad family over Modigliani painting

Maestracci withdrew his lawsuit and in 2014 filed a new action in state court naming IAC and David Nahmad as additional defendants. The Nahmads continued to deny the possessed the painting until the Panama Papers leak in 2016 revealed that David Nahmad ...
Posted: November 10, 2017, 11:26 am

New York Judge Gives Modigliani Lawsuit a Greenlight

In 2014, Maestracci filed a second complaint in state court and named both IAC and David Nahmad, Helly’s father as defendants, but it was dismissed by a lower court after Maestracci couldn’t prove he was the representative of Stettiner’s estate.
Posted: November 10, 2017, 12:00 am

Playboy Hillel Nahmad pleads guilty to running high-stakes gambling ring

The high-profile case has been a huge embarrassment to the Nahmad family. It sparked calls for Monaco to scrap an exhibition to mark the 40th anniversary of Picasso's death using paintings from the collection of his 65-year old father David, a Monaco resident.
Posted: November 15, 2013, 7:29 am
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