Ronald Lauder
Art collection: $1 billion
Son of cosmetics maven Estee Lauder, bought his first artwork, a self-portrait by Egon Schiele, with $10,000 given to him at his bar mitzvah. Has said that there are three categories of art: "Oh," "Oh, my" and "Oh, my God." Claims he only collects the latter. Paid reported $135 million for Gustav Klimt's "Portrait of Adele Block-Bauer" (pictured), at the time the largest sum paid for a single painting. Today he reportedly owns 4,000 pieces including one of world's best collections of Medieval Art and European armor. Honorary chairman of the Museum of Modern Art, exhibits some of his collection at the Neue Galerie in New York, which he opened in November 2001.
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