2016_Top-200_FormanMichael Forman is CEO of the asset management firm FS Investments, which displays art from his collection at the firm’s newly built headquarters in the Navy Yard neighborhood of Philadelphia. He and his wife Jennifer Rice focus on collecting modern and contemporary art. The couple’s collection includes Sean Scully, Gerhard Richter, Joan Mitchell, and Robert Motherwell. They have also focused on collecting work by artists of color, with artists like Theaster Gates, Alma Thomas, and Sam Gilliam, among others, represented in the collection. “We’ve always drawn inspiration, passion, and creativity from art, and we felt it was important to infuse that spirit into our Company’s culture,” Forman told ARTnews by email. Forman also serves on the corporate leadership board of the Barnes Foundation.

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Michael C. Forman and Jennifer Rice

Location:
Philadelphia

Source of wealth:
Investment fund management (FS Investments)

Collecting area:
Modern and contemporary art

Top 200 appearance:

Fun fact:

One of the more unique pieces at FS Investments headquarters is a Sol LeWitt wall drawing that ebbs and flows throughout the walls of the office.