Samuel I. Newhouse Jr., chairman and CEO of Advance Publications (the company, founded by Samuel Irving Newhouse Sr., that owns Condé Nast), and his wife, Victoria, are believed to have spent around $700 million on art. The couple once owned Jackson Pollock’s No. 5, 1948, which they sold to David Geffen, and which was ultimately bought by David Martínez (another collector who has been listed in the ARTnews Top 200) in a record-breaking sale, in 2006, for a reported $140 million. Samuel I. Newhouse Jr. died in 2017 at the age of 89.

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Victoria and Samuel I. Newhouse Jr.

New York

Source of wealth:

Collecting area:
Modern and contemporary art

Top 200 appearance:
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Fun fact:

Vogue editor-in-chief Anna Wintour once made fun of Newhouse’s daily work outfit—“chinos and an old sweatshirt,” according to a 2008 article in the New York Times— because it failed to fit in at Condé Nast’s stylish headquarters.