COURTESY GLG PARTNERS

COURTESY GLG PARTNERS

Pierre Lagrange cofounded the hedge fund GLG Partners with Jonathan Green and Noam Gottesman (also on the ARTnews Top 200), which Man Capital purchased in 2010 in a deal worth $1.6 billion. While Gottesman left the company, Lagrange has stayed on and is chairman of Man Asia and managing director of Man GLG. Before venturing out on his own, he worked at Goldman Sachs and JP Morgan. The Sunday Times has reported that the Belgian-born macher has a net worth in the arena of £500 million. In 2012, Lagrange filed a suit against the now defunct Knoedler Gallery in New York for selling him a fake Jackson Pollock painting for $17 million, which was settled on undisclosed terms. (His lawsuit prompted fashion magnate and Sotheby’s chairman Domenico De Sole to also sue the gallery, which led to a widely publicized trial.)

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Pierre Lagrange

Location:
London

Source of wealth:
Hedge fund

Collecting area:
Postwar and contemporary art

Top 200 appearance:
, , , ,

Fun fact:

In 2011, it was revealed that the the divorce settlement between Lagrange and his former wife Catherine Anspach was expected to be one of the biggest in British history, at an estimated £160 million. Lagrange now lives with the London fashion designer Roubi L’Roubi. Anspach is known to be a formidable collector in her own right.