Artists disappear from this year’s list of the U.K.’s richest people while collectors with Russian ties fall down the ranks:
Artists Disappear From This Year’s List of the U.K.’s Richest People While Collectors With Russian Ties Fall Down the RanksThe Chancellor Rishi Sunak leaves 11 Downing Street on his way to parliament where he will deliver his Spending Review. Image courtesy HM Treasury and ©HM Treasury.has released its annual Rich List of the wealthiest people in Britain—and this year reveals a major shakeup of the art world’s power players.
Tate and V&A patron Len Blavatnik, who sat at number one last year, now holds position four after his fortune dropped from £23 billion to £20 billion . The Ukrainian businessman made his money through media, music, and investments, but has come under scrutiny recently for his links to sanctioned Russian oligarchs.
Collector and museum founder François-Henri Pinault, along with wife Salma Hayek, sit at number 22. François-Henri, the son of François Pinault, founder of the luxury group Kering and investment group Artémis, owns the museums Punta della Dogana and Palazzo Grassi in Venice and Bourse de Commerce in Paris.
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