Giuseppe Nahmad

Giuseppe ("Joe") Nahmad (1932 – 23 November 2012) was an art dealer who specialized in Impressionist, Post-Impressionist, and modern art. He amassed a multi-billion fortune in buying, selling, and collecting works of arts of 19th- and 20th-century artists.

Family Giuseppe Nahmad was born in 1932 in Aleppo, Syria. His father Hillel Nahmad was a banker who founded Nahmad & Beyda in Syria. The Nahmads were Sephardic Jews who spoke French, Arabic and several other languages. In 1958, Albert, having expanded the family banking business to Rio de Janeiro, died in an airplane crash.

Giuseppe Nahmad never married and had no children.

Career Nahmad discovered Lucio Fontana and commissioned paintings by Wifredo Lam. When prices were especially low in Paris and, for Nahmad, resale margins in Milan ranged from 50% to 100%.

Death Giuseppe Nahmad died in Monte Carlo on 23 November 2012. He was buried on 26 November 2012 in Jerusalem, next to his parents and near his brother Albert. Most of his surviving siblings, and nearly all his nieces and nephews attended, though word of the patriarch's death was not released to the media.