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Top 200 Collectors

Black-and-white portrait of an older white man and a younger white woman
Matt Baron/Shutterstock

Jimmy Iovine and Liberty Ross

Los Angeles

Record producer

Contemporary art

Overview

What does a life of semi-retirement offer former Interscope Records CEO and Beats cofounder Jimmy Iovine, whose $3 billion contract with Apple expired in 2019? Even more time to expand his art collection. Iovine, who credits business magnate and fellow Top 200 collector David Geffen with introducing him to the gallery scene, has acquired works by artists including Ed Ruscha, David Hammons, and Claude Lalanne. In February 2018, Iovine and his wife, Liberty Ross, donated the colossal Mark Bradford painting 150 Portrait Tone—which incorporates excerpts of dialogue from a video of the fatal 2016 police shooting of Philando Castile livestreamed on Facebook—to the Los Angeles County Museum of Art. At the time of the donation, LACMA declined to confirm the monetary value of the nearly 20-foot-wide work, though estimates pegged it at around $5 million. “It completely inspires me, the way some of the great music I love has inspired me,” Iovine told the Hollywood Reporter. “I just thought this needs to be out there and seen.” 

A titan of the music industry, Iovine is largely credited with introducing hip-hop to the mainstream, propelling artists such as Tupac, 50 Cent, and Eminem to widespread fame through magazine features, music videos, and radio appearances. His fruitful partnership with Dr. Dre led to the now ubiquitous Beats headphones. Many of these artists’ music acted as the influence for a 2022 initiative in which people such as Chloe Wise, KAWS, Lauren Halsey, Raymond Pettibon, and more were commissioned to create new covers for famed albums to mark Interscope’s 30th anniversary. “I think this project is going to inspire a lot of [musical] artists to refocus on their album artwork,” Iovine told ARTnews. The resulting works also appeared in a show at LACMA that year.

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