Robert Mnuchin

Robert Mnuchin
Born Robert Eliot Mnuchin
1933 (age 82–83)
Residence New York, New York
Nationality American
Alma mater Yale University
Occupation Banker, Goldman Sachs partner
Known for founder, Mnuchin Gallery
Spouse(s) Elaine Terner Cooper (deceased)
Adriana Mnuchin
Children Steven Mnuchin, Alan G. Mnuchin, Lisa Abelow Hedley
Relatives Tom Hedley (son-in-law)

Robert E. Mnuchin (born 1933) is a former banker and current art dealer. He is the founder of the Mnuchin Gallery at 45 East 78th Street, New York.

Early life

Mnuchin was born in 1933,[1] and grew up in Scarsdale, New York, the son of parents who were “modest collectors” of art.[2] He graduated from Yale University in 1955.[2]

Career

Mnuchin joined Goldman Sachs after graduating from Yale, and stayed there for 35 years, rising to become a general partner in charge of equity trading, and a member of the management committee.[3] In the year before he retired, he earned a reported $8.7 million salary.[4]

In 1992, Mnuchin opened his first gallery, C & M Arts, with James Corcoran, a Los Angeles-based dealer.[2]

For many years, he worked alongside Dominique Lévy, with whom he ran L&M Arts, and she left in 2013 to open her own gallery nearby.[5][6]

Personal life

Mnuchin's first wife was Elaine Terner Cooper, who in 1999 was a vice president of the Solomon R. Guggenheim Museum's international directors council, and a director of the Byrd Hoffman Foundation.[7] They had two children. One son, Alan G. Mnuchin, was a vice president at Goldman Sachs in 1995, when he married Kimberly E. Kassel.[8] The second son is Steven Mnuchin, who also became a banker with Goldman Sachs.[7][3] Elainer Terner Cooper died on 14 May 2005.[9]

Mnuchin and his second wife Adriana have a daughter, Lisa Abelow Hedley, who was nominated for an Emmy award for documentary film, and is married to the writer of Flashdance and producer of Flashdance: The Musical, Tom Hedley, and they have four children together.[10]

In 1990, Mnuchin and his wife Adriana bought the Mayflower Inn and Spa, a country house hotel in Washington, Connecticut, which they turned into a Relais & Chateaux 30-room hotel, spa and restaurant, before selling it in 2007.[11]

In 2011, Mnuchin and his wife Adriana purchased a 5,850-square-foot Upper East Side house at 14 East 95th Street from Solomon Asser for $14.25 million, using his company, Nuke Properties LLC.[12] Initially listed in 2014 at $17 million, it sold in January 2016 to Alastair and Alisa Wood for a reported $13 million.[13]

References

  1. ↑ "Bob Mnuchin". ArtCaste. Retrieved 2 December 2016.
  2. 1 2 3 Pogrebin, Robin (25 October 2013). "At 80, Mnuchin Remains a Passionate Promoter of Postwar Art". New York Times. Retrieved 10 November 2016.
  3. 1 2 "Trump Names Hedge Fund Manager as National Finance Chairman". Bloomberg.com/politics. 5 May 2016. Retrieved 2 December 2016.
  4. ↑ New York Media, LLC (13 April 1992). New York Magazine. New York Media, LLC. pp. 54–57. ISSN 0028-7369.
  5. ↑ Goldstein, Andrew M. (2015-03-27). "Former Goldman Sachs Weather-Maker Robert Mnuchin on How He Conquered the Art Market, Too | Art for Sale". Artspace. Retrieved 2016-11-11.
  6. ↑ "Bob Mnuchin". Gawker. 25 January 2008. Retrieved 3 December 2016.
  7. 1 2 "WEDDINGS; Heather Crosby, Steven Mnuchin". New York Times. September 26, 1999. Retrieved May 10, 2016.
  8. ↑ "WEDDINGS - Alan G. Mnuchin, Kimberly E. Kassel". The New York Times. 1995-02-12. Retrieved 2016-11-11.
  9. ↑ "Paid Notice - Deaths COOPER, ELAINE TERNER - Paid Death Notice". The New York Times. 2005-05-16. Retrieved 2016-11-11.
  10. ↑ "For Wife of 'Flashdance' Writer, Life of Privilege Also a Call to Action - Health & Science - February 2014". Connecticutmag.com. 2014-03-03. Retrieved 2016-11-11.
  11. ↑ Adriana Mnuchin. "Entrepreneur, Educator, Art Collector". Adriana Mnuchin. Retrieved 2016-11-11.
  12. ↑ Morgan Halberg. "No More Limestone: Mnuchin Clan Sells UES Manse at a Loss". Observer. Retrieved 2016-11-11.
  13. ↑ Morgan Halberg. "The Mnuchins Finally Say Farewell to a Limestone…At a Loss". Observer. Retrieved 2016-11-11.
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