Feeds:
Posts
Comments

Posts Tagged ‘daniel chang’

Fernando Botero is one of the worlds richest artists. His workshop which manages the production of monumental which are placed worldwide employs around 100 people – now that`s hard to imagine – in Italy, so we are talking about paying people in euros not pesos!

With an average wage of around €20.000 per year then thats over €2.000.000 on wages alone – wow! I bet even Damien Hirst doesn`t get close to that sum for the people he employs. Anyway – to pay out so much money (and I would suggest that that sum could be doubled in relation to purchase of bronze and traveles and exhibition expenses etc) Mr Fernando Botero obviously has to generate quite a tidy sum of cash each year. I would suggest that it might be around USD $10-20.000.000. Big business indeed.

So . . . . . .

What Does Botero Do With All His Money?

Well he obviously has a very enjoyable lifestyle, but just recently it was revealed that Botero actually gives a lot of cash away. He is a philanthropist. Not perhaps in the league of Gates or Buffet but he is actually very generous with his cash.

Let me list a few items:

  • Botero Prize for Art (annual) : USD $50.000
  • He set up a Senior Home for older poor elder people in Bogota:Est. $300.000
  • He set up a system to pay for children’s food in the poor Choco province :Est. $20.000 / year
  • He donated $200.000.000 worth of artwork to Colombia for its people to enjoy.

Botero’s philanthropy, in fact, was often low-profile and most Colombians, apart form his museum donation and art prize would not be aware of his other philanthropic work. He most truly is a most wonderful person.

You can read more about this story and an interview by Daniel Chang with Botero at the link below.

Botero Interview on his Philanthropy

************************************

Find out more on Botero:

The Art of Fernando Botero

************************************

Advertisements

Read Full Post »