COURTESY THIRD POINT

“I really just started buying art as a passion,” hedge-fund manager Daniel S. Loeb told Business Insider. Loeb, who is one of the founders of Third Point, and his wife, Marguerite Munzer Loeb, own a robust collection of contemporary art that includes works by Richard Prince, Mike Kelley, Cindy Sherman, and Andy Warhol. In 2013 Third Point became a major shareholder in Sotheby’s, and Loeb, who had been critical of the auction houses management, became a member of its board of directors in 2014. Sotheby’s CEO William Ruprecht announced he was stepping down in November of that year.

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Margaret Munzer Loeb and Daniel S. Loeb

Location:
New York

Source of wealth:
Hedge fund

Collecting area:
Postwar and contemporary art; feminist art

Top 200 appearance:
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Fun fact:

Loeb also sent a pointedly worded email to Gladstone Gallery in 2001, after it canceled his reserve on a Matthew Barney photograph. He wrote that he would lead an investigation into the gallery’s practices and declared, “Someone once told me that ‘litigation is the sport of kings’ and indeed, it is one that I seem to relish as I become more expert in its nuances.”