Before Michael Bloomberg Spent a Fortune Running for President, He Spent a Fortune on Art. Here’s Wh
The billionaire presidential candidate is an active arts philanthropist. But what has he purchased for his 12 private homes?
Mayor Mike Bloomberg at the National Arts Awards at Cipriani 42nd St., October 7, 2002. © Patrick McMullan.
For decades, Michael Bloomberg has maintained his status as one of the biggest patrons of the arts alive. Not only has he given widely to museums in New York, the city he ruled over as mayor for three terms, but his second home of London has also been the beneficiary of major gifts.
Since leaving office, Bloomberg has spent a fair amount of time in the world’s second-biggest art-market city, where he is the chairman of the board of the Serpentine Galleries, the Hyde Park institution overseen by artistic director Hans Ulrich Obrist.
And while he’s very public about his gifts to institutions—and is a regular on the museum gala circuit—he is completely tight-lipped about what’s in his private collection. Bloomberg’s vast fortune—currently estimated at $59.6 billion—has allowed him to collect art at will, but he’s never been as public about his trophy hunting.