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

David Nahmad Claims Ownership of Monet Feds Want to Seize from Jho Low

The Wall Street Journal is reporting that David Nahmad has claimed sole ownership of the Monet Nympheas from 1914-1917 that the US government is attempting to seize from Jho Low in the 1MDB action. David Nahmad, a dealer based in Monte Carlo, said he is ...
Posted: October 20, 2016, 6:54 am

David Nahmad Denies Modigliani Painting Is Nazi Loot

Photo: Valery Hache, AFP Photo/Getty Images. Art world supremo David Nahmad has spoken out about the scandal surrounding his Amedeo Modigliani painting Seated Man with Cane (1918), denying claims that the work is Nazi loot. Nahmad, in an ...
Posted: June 13, 2016, 5:09 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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