When he was 38, John Arnold closed his Centaurus Energy hedge fund to focus on philanthropy with his wife, Laura, a former lawyer. In 2008 they started the Laura and John Arnold Foundation, which focuses on funding initiatives in criminal-justice reform, K-12 education, public accountability, and more. While little information is available about their collection, the New York Times reported in 2010 that Robert McClain, a Houston art adviser, acquired a prime 1966 Gerhard Richter figurative work for the Arnolds at Sotheby’s New York for $13.2 million. The couple have pledged to give away more than half of their wealth during their lifetimes.
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