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

Billionaire's son and Hollywood poker madam face court along with 32 others accused of running illegal gambling ring for wealthy celebrities and executives

Nahmad is the son of David Nahmad, who is perhaps the most high-profile art dealer and collector in the world, with a fortune estimated at $3 billion The Helly Nahmad Gallery, which is owned by Helly Naham, carries works by the likes of Wassily Kandinsky ...
Posted: April 19, 2013, 1:23 pm

Malaysia 1MDB Scandal: Art Dealer David Nahmad Claims Seized Monet Painting Allegedly Owned By Jho Low, Report Says

As the U.S. Department of Justice continues to seize assets it believes were bought through funds allegedly misappropriated from Malaysia's state-run fund 1MDB, an art dealer has now claimed that one of the seized paintings actually belongs to him, the ...
Posted: October 20, 2016, 1:14 am

Hiding money: The art of secrecy

The Nahmad family has controlled the Panama-based company, International Art Center, for more than 20 years, the records show. It is an important part of the family’s art business. David Nahmad, the family leader, has been the company’s sole owner ...
Posted: April 6, 2016, 7:00 pm
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