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Hollywood's top collectors now own $4 billion worth of art

Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles.
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Some of Tinseltown's biggest power players have quietly but steadily amassed billions of dollars worth of fine art over the past few years, making them a force to be reckoned with in the global art market.

A new report from wealth research firm, Wealth-X, reveals entertainment industry mogul David Geffen alone owns $2.3 billion worth of valuable art, including several masterpieces from Jackson Pollack and Mark Rothko.

According to Wealth-X, Geffen's portfolio of art comprises an estimated 33 percent of his net worth.

The 72 year old mogul is considered one of the savviest collectors and flippers of fine art. In 2006 paid $140 million for No. 5, 1948 by abstract expressionist Jackson Pollack. The same year, Geffen sold a Willem de Kooning canvas to billionaire hedge fund manager Steve Cohen for $137.5 million. At the time, it was the second most expensive painting ever sold.

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Claiming the second spot is Star Wars director George Lucas, with $600 million worth of art including numerous paintings by 20th century painter and illustrator Norman Rockwell . Lucas is also a big collector of works by Alberto Vargas, the noted Peruvian known for his series of 1940's pinup girls.

With a personal net worth of $6.4 billion, Lucas plans to build his very own art museum in Chicago to house the collection.

In third place, Lucas' friend, film collaborator and Academy Award winning director, Steven Spielberg, who owns $250 million in fine art including Hollywood movie memorabilia, vintage animation cels and several Norman Rockwell canvases.

In 2010, Lucas and Spielberg lent nearly sixty Rockwell paintings to the Smithsonian American Art Museum in Washington, D.C. for an exhibition dedicated to their mutual admiration of the iconic artist, entitled Telling Stories: Norman Rockwell from the Collections of George Lucas and Steven Spielberg.

In seventh place, actor and film producer Brad Pitt, who, along with his wife and actor, Angelina Jolie, are known in art circles as active supporters of contemporary artists including Tristan 'Schoony' Schoonraad, Banksy and Neo Rausch. The estimated value of Pitt's art collection is $25 million.

Aside from contemporary art, Pitt also has a line of bespoke furniture in collaboration with American furniture designer, Frank Pollaro. The Pitt-Pollaro Collection made its world premiere in November 2012 in New York City, after four years in development. All pieces are limited-edition, hand-made, signed and numbered.

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The youngest collector on the list is Leonardo DiCaprio, with $10 million worth of mainly contemporary artworks ranging from Takashi Murakami to Jean-Michel Basquiat.

The combined value of all ten individuals on the list, which also includes actor Jack Nicholson and agent Michael Ovitz, is $3.9 billion, representing 16 percent of their collective net worth.

Wealth-X compiled the list based on publicly available information on the individuals and their art collections.

George Lucas
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