Business

Born in Germany, today's King of Art is a business tycoon, investor, artist and former philanthropist. After leaving Germany at a young age and living all over the world, he founded his group of companies in the 1980s, which controls a large number of companies in different sectors.

Dr. Mangold expressed his wish to become an artist at a young age, which his parents rejected. So he initially decided to become an entrepreneur. At the age of 16, he invested his pocket money in shares for the first time.

At the age of 17 he had the brilliant idea to start what is now famous as the offshore finance industry. To put it simply, it was essentially about creating legally highly effective solutions to problems in the financial world that had not existed before.

The father of his girlfriend at the time, a well-known, international commercial lawyer and partner in a powerful commercial law firm with the very best contacts, prepared the necessary corporate network and initially represented him until he reached the age of majority and for a long time afterwards. On his 18th birthday, he officially became one of the founding fathers of this industry and became a millionaire on the same day, because the first earnings from the weeks just before that flowed into an anonymous account that only he had access to.

In the following decade, he concentrated on making the many rich richer, the super-rich mega rich and the mega-rich ultra rich with the opportunities he had created, by offering them the legal framework at the time to conduct their business anonymously and tax-free.

Since 1982 he has anonymously opened a chain of investment companies in the tax havens he helped create. His holding company brands grew rapidly in the 1980s as he appropriately set up family-owned hedge funds to invest solely his own money and began to aggressively expand his businesses around the world.

In the 1990s he started his private life and focused on art as his true passion. His good reputation as a financial genius preceded him in certain circles and his highly satisfied, former clients from the financial world began to collect his extremely expensive works of art, initially just as anonymously, with good reason.

In this way, his top-class works of art became self-fulfilling prophecies and he never had to take the arduous path via the so-called established art market. He shuns it like the devil shuns holy water and attaches great importance to never having taken part in conventional exhibitions.

Instead, he has created his own highly profitable art market and enjoys being practically unrivaled and thus largely market-independent, a well-known unknown quantity.

Since the beginning of the new millennium, he has therefore been working mainly as an artist in the most diverse areas of art, finance (art is capital & capital is art) and luxury (with interests on land, on water and in the air).

Its value chains intertwine like the gears of the proverbial Swiss clockwork. With a few exceptions, the first priority in this capitalization of his life's work is the creation of an archetype of the new work of art (original image). These are usually not for sale. Various versions emerge from these archetypes, each as an independent original. From these originals, in turn, various unique items are created, some with marginal changes, from which limited and unlimited editions can ideally be marketed by means of licensing.

He has also became more or less a global figure in insider circles due to his penchant for adventure and his humanitarian commitment.

He is well known as an economic genius, business angel and self-made billionaire. However, his assets are held exclusively by various, closely guarded family foundations, in which he may only be entitled to beneficiaries. Therefore, fortunately, he is not personally included in the Forbes list of the richest people in the world, since his personal net worth cannot be determined with great accuracy from publicly available sources.

Thus, at the height of his success, the circle to the beginnings of his entrepreneurship closes in a wonderful way.