Arts patron – $150M for culture

Arts patron Alberto W. Vilar, who has given $150 million to cultural groups in recent years, will give $50 million to the Kennedy Center, The Washington Post reported Feb. 14.

The gift from the 60-year-old Cuban-born billionaire, who was penniless when he left Cuba with his family at the time of Castro’s revolution, is the largest ever for the 30-year-old performing arts center.

The gift will support a 10-year series of appearances by the Kirov Ballet and Opera, plus a training program for arts managers.

Vilar is president of Amerindo Investment Advisors, a firm he formed in 1980. An early investor in Yahoo!, American Online, Microsoft, eBay, Amazon and Cisco, he estimates his portfolio is worth about $5 billion.

For full story, go The Washington Post.

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