Pablo Picasso Net Worth
Pablo Picasso had an estimated net worth of $500 million at death. Pablo Picasso was one of the greatest artists of the 20th century, famous for paintings like ‘Guernica’ and for the art movement known as Cubism. Picasso died with an enormous estate. In addition to his collection of works which is worth millions of dollars, he had $4.5 million worth of cash, $1.3 million in gold, and an undisclosed number of stocks and bonds.
A court-appointed auditor estimated the value of his estate to be between $250 million and $500 million. That equates to $530 million to $1.3 billion in today’s dollars.
Pablo Picasso was a Spanish painter, sculptor, printmaker, ceramicist, and stage designer who is widely regarded as one of the twentieth century’s greatest and most influential artists. Picasso and Georges Braque are credited with inventing Cubism.
To calculate the net worth of Pablo Picasso, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets.
All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$500 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$40 Million|
|Source of Wealth:||Artist, Painter, Sculptor, Printmaker, Set Designer, Visual Artist|
Pablo Picasso was born in Málaga, Spain, on October 25, 1881. Picasso’s mother was Doña Maria Picasso y Lopez. His father was Don José Ruiz Blasco, a painter and art teacher.
His formidable full name, which honors a variety of relatives and saints, is Pablo Diego José Francisco de Paula Juan Nepomuceno María de los Remedios Cipriano de la Santísima Trinidad Martyr Patricio Clito Ruíz y Picasso.
The young Picasso was a serious and prematurely world-weary child and possessed a pair of piercing, watchful black eyes that seemed to predestine him for greatness.
“When I was a child, my mother said to me, ‘If you become a soldier, you will be a general. If you become a monk, you’ll end up a pope,'” he later recalled. “Instead, I became a painter and ended up a Picasso.”
Although he was a relatively poor student, Picasso showed amazing drawing talent at a very young age. Legend has it that his first words were “piz, piz,” his childish attempt to say “lápiz,” the Spanish word for pencil.
Picasso’s father began teaching him to draw and paint when he was a child, and by the age of 13, he had surpassed his father’s skill level. Picasso soon lost interest in schoolwork, preferring to spend his days doodling in his notebook instead.
“For being a bad student, I was banished to the ‘calaboose,’ a bare cell with whitewashed walls and a bench to sit on,” he later remembered. “I liked it there because I brought a sketch pad with me and drew constantly… I could have stayed there for hours, drawing nonstop.”
Picasso’s family moved to Barcelona, Spain, when he was 14 years old, and he quickly applied to the city’s prestigious School of Fine Arts. Picasso’s entrance exam was so exceptional that he was granted an exception and admitted, despite the fact that the school typically only accepted students several years his senior.
Nonetheless, Picasso resented the strict rules and formalities of the School of Fine Arts and began skipping class to roam the streets of Barcelona, sketching the city scenes he saw.
Picasso, then 16, moved to Madrid in 1897 to study at the Royal Academy of San Fernando. However, he became dissatisfied with his school’s sole emphasis on classical subjects and techniques.
“They just go on and on about the same old stuff: Velázquez for painting, Michelangelo for sculpture,” he wrote to a friend at the time. Picasso began skipping class once more to wander the city and paint what he saw, including gypsies, beggars, and prostitutes.
In 1899, Picasso returned to Barcelona and became acquainted with a group of artists and intellectuals who met at a café called El Quatre Gats (“The Four Cats”).
Picasso made a decisive break from the classical methods in which he had been trained, and began what would become a lifelong process of experimentation and innovation, inspired by the anarchists and radicals he met there.
Picasso is still remembered for constantly reinventing himself, switching between styles so radically different that his life’s work appears to be the work of five or six great artists rather than just one.
Picasso insisted that his varied work was not indicative of radical shifts throughout his career, but rather of his dedication to objectively evaluating the form and technique best suited to achieve his desired effect for each piece.
“Whenever I had something to say, I said it the way I thought I should,” he explained. “Different themes necessitate different modes of expression. This does not imply evolution or progress; it simply means following the idea one wishes to express and the manner in which one wishes to express it.”
Picasso’s adult career is typically divided into distinct periods, the first of which lasted from 1901 to 1904 and is known as his “Blue Period,” after the color that dominated nearly all of his paintings during this time.
Picasso relocated to Paris, France, at the turn of the twentieth century, to establish his own studio. Lonely and depressed after the death of a close friend, Carlos Casagemas, he painted scenes of poverty, isolation, and anguish almost entirely in blue and green tones.
‘Blue Nude’ and ‘The Old Guitarist’
Picasso’s most famous paintings from the Blue Period include “Blue Nude,” “La Vie,” and “The Old Guitarist,” all three of which were completed in 1903.
Looking at Picasso and his Blue Period, writer and critic Charles Morice once asked, “Is not this frighteningly precocious child destined to give the consecration of a masterpiece to the negative sense of life, to the illness from which he seems to suffer more than anyone else?”
Rose Period: ‘Gertrude Stein’ and ‘Two Nudes’
By 1905, Picasso had largely overcome the depression that had previously debilitated him, and the artistic manifestation of Picasso’s improved mood was the introduction of warmer colours-including beige, pink, and red-in his so-called “Rose Period” (1904-06).
Not only was he madly in love with the beautiful model Fernande Olivier, but he had also achieved new wealth thanks to the generous patronage of art dealer Ambroise Vollard. His most famous paintings from these years include “Family in Saltimbanques” (1905), “Gertrude Stein” (1905-06), and “Two Nudes” (1906).
Picasso and his friend and fellow painter Georges Braque established Cubism as an artistic style.
Objects are broken apart and reassembled in an abstracted form in Cubist paintings, highlighting their composite geometric shapes and depicting them from multiple, simultaneous viewpoints to create physics-defying, collage-like effects. Cubism, which was both destructive and creative, shocked, appalled, and fascinated the art world.
‘Les Desmoiselles d’Avignon’
In 1907, Picasso created a painting that is now considered the precursor and inspiration of Cubism: “Les Demoiselles d’Avignon”.
The chilling depiction of five nude prostitutes, abstracted and distorted with sharp geometric features and bold stains in shades of blue, green and gray, was unlike anything he or anyone else had ever painted before and was to dominate 20th century art.
“I felt like someone was drinking gasoline and spitting fire,” Braque said, explaining that he was shocked when he first saw Picasso’s “Les Demoiselles.” Braque quickly became fascinated with Cubism and saw the new style as a revolutionary movement.
French writer and critic Max Jacob, who was friends with both Picasso and painter Juan Gris, called Cubism “the ‘harbinger’ of the new century” and declared, “Cubism is … an image for its own sake. Literary Cubism does the same in literature, using reality only as a means and not as an end.”
Picasso’s early Cubist paintings, known as “Analytic Cubism,” include “Three Women” (1907), “Bread and Fruit Bowl on a Table” (1909), and “Girl with Mandolin” (1910).
His later Cubist works are referred to as “Synthetic Cubism” because they move even further away from the artistic typologies of the time, creating huge collages from a multitude of tiny individual fragments. These paintings include “Still Life with Chair Can” (1912), “Card Players” (1913-14), and “Three Musicians” (1921).
Classical Period: ‘Three Women at the Spring’
Picasso’s works between 1918 and 1927 are assigned to his “classical period,” a brief return to realism in a career otherwise marked by experimentation. The outbreak of World War I heralded the next major change in Picasso’s art.
He became more somber and again concerned with depicting reality. Among his most interesting and important works from this period are “Three Women at the Spring” (1921), “Two Women Walking on the Beach/The Race” (1922), and “The Pipes of Pan” (1923).
Picasso became involved in a new philosophical and cultural movement known as Surrealism, the artistic manifestation of which was a product of his own Cubism, beginning in 1927.
Picasso’s most well-known Surrealist painting, “Guernica,” is regarded as one of the greatest paintings of all time and was completed in 1937, during the Spanish Civil War.
Picasso painted this work after Nazi German bombers supporting Francisco Franco’s Nationalist forces carried out a devastating aerial attack on the Basque town of Guernica on April 26, 1937, outraged by the bombing and the inhumanity of war.
The painting is a Surrealist testament to the horrors of war in black, white, and grays, with a minotaur and several human-like figures in various states of anguish and terror. “Guernica” remains one of history’s most moving and powerful anti-war paintings.
Later Works: ‘Self Portrait Facing Death’
Picasso’s later paintings, in contrast to the dazzling complexity of Synthetic Cubism, feature simple, childlike imagery and crude technique. Regarding the artistic validity of his later works, Picasso once said to a group of schoolchildren in his old age, “When I was as old as these children, I could draw like Raphael, but it took me a lifetime to learn to draw like them.”
Picasso became more overtly political in the aftermath of WWII, joining the Communist Party. He was awarded the International Lenin Peace Prize twice, first in 1950 and again in 1961.
He was also an international celebrity at this point in his life, the world’s most famous living artist. While the paparazzi followed his every move, few paid attention to his art at the time. Picasso continued to create art and keep a busy schedule in his later years, believing that work would keep him alive.
A year before his death, Picasso used pencil and crayon to create the epitome of his later work, “Self Portrait Facing Death.” The autobiographical subject, drawn crudely, resembles a cross between a human and an ape, with a green face and pink hair. However, the expression in his eyes, which captures a lifetime of wisdom, fear, and uncertainty, is unmistakably the work of a master at the pinnacle of his powers.
Wives and Girlfriends
Picasso was a lifelong womanizer, having numerous relationships with girlfriends, mistresses, muses, and prostitutes, only marrying twice.
He married a ballerina named Olga Khokhlova in 1918, and they were married for nine years before splitting up in 1927. They had a son named Paulo together. In 1961, at the age of 79, he married his second wife, Jacqueline Roque.
He began a long-term relationship with Marie-Thérèse Walter while still married to Khokhlova. They had a daughter together, Maya. After Picasso died, Walter committed suicide.
Picasso met Dora Maar, a fellow artist, on the set of Jean Renoir’s film Le Crime de Monsieur Lange in 1935, between marriages (released in 1936). The two soon embarked upon a partnership that was both romantic and professional.
Their relationship lasted more than a decade, during and after which Maar suffered from depression; they split up in 1946, three years after Picasso began an affair with Françoise Gilot, with whom he had two children, son Claude and daughter Paloma. In 1953, they parted ways. (Gilot would later marry polio vaccine inventor Jonas Salk, a scientist.)
Picasso fathered four children: Paulo (Paul), Maya, Claude and Paloma Picasso. His daughter Paloma – who can be seen in several of her father’s paintings – became a famous designer, creating jewelry and other items for Tiffany & Co.
Picasso died on April 8, 1973, at the age of 91, in Mougins, France. He died of heart failure, reportedly while entertaining friends for dinner with his wife Jacqueline.
Picasso’s work is regarded as radical, and he continues to be admired for his technical mastery, visionary creativity, and profound empathy. These characteristics, when combined, have distinguished the “disturbing” Spaniard with the “piercing” eyes as a revolutionary artist.
Picasso devoted nearly 80 of his 91 years to an artistic production that he superstitiously believed would keep him alive, significantly contributing to — and paralleling the entire development of — modern art in the twentieth century.
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