Robert E. Mnuchin (born 1933) is an American art dealer and former banker. He is the founder of the Mnuchin Gallery at 45 East 78th Street, New York. He is the father of
Steven Mnuchin
Steven Terner Mnuchin ( ; born December 21, 1962) is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021. Serving for a full pres ...
, who was the
United States Secretary of the Treasury
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
in the
Trump administration
Donald Trump's tenure as the List of presidents of the United States, 45th president of the United States began with Inauguration of Donald Trump, his inauguration on January 20, 2017, and ended on January 20, 2021. Trump, a Republican Party ...
.
Early life
Mnuchin was born in 1933,
and grew up in
Scarsdale, New York
Scarsdale is a town and village in Westchester County, New York, United States. The Town of Scarsdale is coextensive with the Village of Scarsdale, but the community has opted to operate solely with a village government, one of several village ...
. His parents, Harriet (Gevirtz) and Leon A. Mnuchin, were "modest collectors" of art.
He graduated from
Yale University
Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...
in 1955.
Career
After graduating from Yale, Mnuchin served in the Army for two years and subsequently joined
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
in 1957, staying there for 33 years. Mnuchin was named a
general partner General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the partnership's debts an ...
in 1967, headed the trading and arbitrage division in 1976, and joined the management committee in 1980. He, along with his co-worker at Goldman
Gus Levy
Gustave "Gus" Levy (May 23, 1910– November 3, 1976) was Senior Partner at Goldman Sachs from 1969 until his death in 1976. He succeeded Sidney Weinberg as chief executive officer.
Early life
Levy was born on May 23, 1910 to a Jewish family in ...
, developed Goldman's
block trading business and ran the firm's equities division until his retirement in 1990.
In his final year before retirement, he earned a reported $8.7 million salary.
In 1992, Mnuchin opened his gallery, C & M Arts, with James Corcoran, a Los Angeles-based dealer.
In 2005, the name of gallery was changed to L&M Arts when he entered into partnership with
Dominique Lévy
Dominique Astrid Lévy (born June 1967) is a Swiss art dealer, and co-founder and partner, with Brett Gorvy, of Lévy Gorvy, a gallery with offices in New York City, London, Switzerland, Hong Kong and Paris.
Early life
Lévy was born in June 1 ...
; she left in 2013 to open her own gallery nearby.
Personal life
Mnuchin's first wife was Elaine Terner Cooper.
They had two children. One son, Alan G. Mnuchin, was a vice president at Goldman Sachs in 1995, when he married Kimberly E. Kassel. The second son,
Steven Mnuchin
Steven Terner Mnuchin ( ; born December 21, 1962) is an American investment banker and film producer who served as the 77th United States secretary of the treasury as part of the Cabinet of Donald Trump from 2017 to 2021. Serving for a full pres ...
, also became a banker with Goldman Sachs.
and Secretary of Treasury under Donald Trump. In 1999 Cooper was a vice president of the
Solomon R. Guggenheim Museum
The Solomon R. Guggenheim Museum, often referred to as The Guggenheim, is an art museum at 1071 Fifth Avenue on the corner of East 89th Street on the Upper East Side of Manhattan in New York City. It is the permanent home of a continuously exp ...
's international directors council, and a director of the Byrd Hoffman Foundation.
She died on 14 May 2005.
Mnuchin married his second wife Adriana in 1963. Adriana Mnuchin founded retail enterprises Tennis Lady (22 stores in the US and Canada) and Cashmere-Cashmere (4 stores in New York and New Jersey). In 1995, she co-founded The Shakespeare Society (the first in the USA) and in 2009, Roundtable Cultural Seminars, an adult
continuing education
Continuing education (similar to further education in the United Kingdom and Republic of Ireland, Ireland) is an all-encompassing term within a broad list of post-secondary learning activities and programs. The term is used mainly in the United ...
organization. Robert and Adriana Mnuchin have one child together: a daughter, Valerie Mnuchin. His step-daughter, Lisa Abelow Hedley, was nominated for an
Emmy award
The Emmy Awards, or Emmys, are an extensive range of awards for artistic and technical merit for the American and international television industry. A number of annual Emmy Award ceremonies are held throughout the calendar year, each with the ...
for documentary film, and is married to the writer of ''
Flashdance
''Flashdance'' is a 1983 American romantic drama dance film directed by Adrian Lyne and starring Jennifer Beals as a passionate young dancer who aspires to become a professional ballerina (Alex), alongside Michael Nouri playing her boyfriend an ...
'' and producer of ''
Flashdance: The Musical'',
Tom Hedley, and they have four children together.
In 1990, Mnuchin and his wife Adriana bought the Mayflower Inn, a country house hotel in
Washington, Connecticut
Washington is a rural town in Litchfield County, Connecticut, in the New England region of the United States. The population was 3,646 at the 2020 census. Washington is known for its picturesque countryside, historic architecture, and active civi ...
, which they turned into a
Relais & Chateaux
Le Relais is a ski mountain just 15 minutes from downtown Quebec City, Canada. It is the smallest of the four ski stations located near Quebec City with Mont Sainte-Anne, Stoneham and Le Massif.
Description
Located in Lac-Beauport, Le Rela ...
30-room hotel, spa and restaurant, before selling it in 2007. In 2011, they purchased a Upper East Side house at 14 East 95th Street from Solomon Asser for $14.25 million, using his company, Nuke Properties LLC. Initially listed in 2014 at $17 million, it sold in January 2016 to Alastair and Alisa Wood for a reported $13 million.
Contemporary art purchased by Mnuchin on 16 May 2019 broke the record price for a work by a living artist.
Jeff Koons
Jeffrey Lynn Koons (; born January 21, 1955) is an American artist recognized for his work dealing with popular culture and his sculptures depicting everyday objects, including balloon animals produced in stainless steel with mirror- finish su ...
' 1986 stainless steel sculpture titled ''
Rabbit
Rabbits, also known as bunnies or bunny rabbits, are small mammals in the family Leporidae (which also contains the hares) of the order Lagomorpha (which also contains the pikas). ''Oryctolagus cuniculus'' includes the European rabbit speci ...
'' was purchased at an auction in New York for 91.1 million.
References
{{DEFAULTSORT:Mnuchin, Robert
1933 births
Living people
People from Scarsdale, New York
Yale University alumni
American art dealers
American bankers
20th-century American Jews
Goldman Sachs people
21st-century American Jews