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‘It’s a reflection of my personality, perhaps.” This is how Martin Z. Margulies described his $800 million collection to an interviewer in 2008. “It’s a collection of my external and internal experiences in my life.” A good deal of Margulies’s personality is on display in Miami’s Wynwood District at the Warehouse, a nonprofit organization that he founded in 1999 to house his collection of American and European contemporary art, and to provide art education to students and visitors. “[Art] is about learning and educating yourself,” Margulies once said, and he applies that belief to himself as a collector. “It never ends. You can always educate yourself…forever.” The Warehouse is an annual stop for the crowds visiting Art Basel Miami Beach every December; there they see new acquisitions as well as mainstays of the collection, including works by Donald Judd and George Segal.

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Martin Z. Margulies

Location:
Key Biscayne, Florida; New York

Source of wealth:
Real estate development

Collecting area:
Modern and contemporary art

Top 200 appearance:
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Fun fact:

Margulies collected paintings and sculpture exclusively until 1992, when he fell in love with a seven-foot-tall photograph of a woman by Thomas Ruff. “She was staring back at you like a driver’s license,” he told Ocean Drive. “She was looking at me and I was looking at her…. You don’t analyze it. You just think, ‘That’s someone I’d like to get to know better.’ ” Since then his photography collection has grown to include more than 4,000 images.