Jean-Michel Basquiat was an American artist whose net worth was estimated at $10 million at the time of his untimely death from a heroin overdose. He gained fame and fame in the 1980s as part of the Neo-Expressionism movement.
Even though he was so wealthy, he lived as a homeless person. Jean-Michel made his fortune through his paintings. In today’s economy, his paintings are among the most valuable modern works in the world.
It is important to note that one of Basquiat’s paintings was sold to a Japanese collector in May 2017 for a whopping $110 million. This is a record sale price for an American artist.
Who is Jean Michel Basquiat?
The son of Matilde Basquiat and Gérard Basquiat, Jean-Michel Basquiat was born on December 22, 1960, in Park Slope, Brooklyn, New York. He was a U.S. citizen who died on August 12, 1988, at the age of 27.
His father was born in Port-au-Prince, Haiti, and his mother, Matilde, was a New York native of Puerto Rican descent. In this multicultural household, the artist grew up speaking Spanish, French, and English.
He had three siblings, including an older brother Max, who died shortly before Jean-Michel was born. His other siblings, both girls, are Lisane and Jeannie Basquiat.
Basquiat was introduced to the art world at a young age by his mother, who often took him to local art museums and enrolled him as a junior member of the Brooklyn Museum of Art. A precocious boy, Basquiat learned to read and write at the age of four.
In 1967, he entered Saint Ann School, where he wrote a children’s book with Marc Prozzo. At the age of seven, he was hit by a car while playing in the street; He suffered a broken arm and various internal injuries that required a splenectomy.
Basquiat then attended Edward R. Murrow High School for a year and then the alternative school City-As-School, which served many art students who did not fit in at traditional institutions. After a year there, he was kicked out by the principal for throwing cakes.
In 1978, Basquiat and his friend Al Diaz began painting graffiti on buildings in Lower Manhattan. They used the pseudonym SAMO and often created satirical advertising slogans. Eventually, SAMO gained media recognition.
After his breakthrough as a member of the Manhattan graffiti duo SAMO, his paintings were exhibited in galleries and museums around the world. Basquiat died of a heroin overdose in 1988, after which his work gradually increased in value.
Basquiat was never married. However, it was reported that he was dating Madonna in 1982, when both were on the verge of stardom.
How many houses and cars does Jean-Michel Basquiat own?
For a man who was said to be living “penniless,” no house or car was registered in his name at the time of his death.
How much does Jean-Michel Basquiat earn per year?
Basquiat reportedly earned around $1.4 million per year.
What are Jean-Michel Basquiat’s investments?
Not available to us. Basquiat is said to have lived almost like a homeless person. Could this mean he didn’t invest in anything? Or did he invest in companies that were not taken over? It’s a mystery to all of us. You could say that his works were his investments.
How many endorsement deals does Jean-Michel Basquiat have?
At the time of his death, he had not signed any sponsorship deals with any company or brand, so to speak. There is no information in the media about the sponsorship deals he has made throughout his career.
How many philanthropic works did Jean-Michel Basquiat support?
It is unclear whether the late artist supported any charities and foundations during his short but very productive career.
How many companies does Jean-Michel Basquiat own?
Jean-Michel Basquiat had no business of his own before his death.