Cohen's $91M Art Buy

Bloomberg reported that Artnet identified Cohen as the buyer of Jeff Koons's stainless-steel Rabbit after the work sold for $91 million at Christie's, then a record for a living artist at auction.

Or it could have

1. 16,545

   lives from malariaGiveWell estimates its top charities save a life for $3,000 to $5,500. We use the higher figure: $5,500, the cost through Against Malaria Foundation bed nets. GiveWell, How much does it cost to save a life?

2. 831,050

   hungry kids for a whole yearNo Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. No Kid Hungry, What your dollars can do

3. 2.3 million

   people clean drinking watercharity: water: about $40 funds clean water for one person, on average, in rural communities. charity: water, How much clean water will my donation provide

4. 5,100

   homeless veteransAt the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. U.S. Census Bureau median gross rent, via USAFacts

5. 2,550

   families escaping abuse a safe home for two yearsThe federal transitional housing program for survivors pays market rent for up to 24 months. At the U.S. median rent of $1,487 a month (Census, 2024), that is about $35,688 per family. U.S. DOJ Office on Violence Against Women, Transitional housing

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The purchase: Bloomberg, May 2019. The full story on Rich vs Reality →