Esther Grether (born c. 1936) is a Swiss art collector and businesswoman. In 2013 Forbes estimated her and her family’s net worth at $2.2 billion.
Early life
Esther Grether was born around 1936.
Business
Grether inherited a beauty and health care products company from her late husband Hans Grether in 1975 that she continues to run with her daughters. She has been chair of the board of the Basel-based Doetsch Grether Group for more than thirty years, and is the second largest shareholder in The Swatch Group. She has served on the Swatch Group’s Board of Directors from 1986 until 2014.
In 2013 Forbes magazine estimated her and her family’s net worth at $2.2 billion.
Art collection
Grether possesses one of the most valuable collections of 20th-century art in the world. Her collection reportedly includes more than 600 pieces and includes works by Pablo Picasso, Paul Cézanne, Salvador Dalí, Francis Bacon and Alberto Giacometti. The collection is kept in a converted printing factory which is also her home. Grether owns Bacon’s Triptych, May–June 1973 (one of Bacon’s three “Black Triptychs”) which she purchased at auction in 1989 for $6.3 million, a record price for a Bacon painting at that time. She is also believed to own three other Bacon triptychs from the 1970s.
In December 1962, it was thanks to a bank guarantee provided by Hans Grether, secured on Doetsch Grether shares, that the Basel art dealer Ernst Beyeler was able to buy the American collector G. David Thompson’s entire collection of 70 Giacometti works.
About Esther Grether
Swiss businesswoman and renowned art collector Esther Grether has an estimated net worth of $2.2 billion as of March 2013 according to Forbes. Grether amassed most of her net worth from inheriting her husband’s beauty and health care products company in 1975. She currently runs the company with her children.
For more than 30 years, Esther Grether served as the Chairperson of Doetsch Grether Group which is based in Basel. Since 1986, she has been serving as a member of the Board of Directors of Swatch Group where she is the second largest shareholder.
In addition to being a billionaire and businesswoman, Esther Grether is also known to have a valuable and extensive collection of 20th century arts. She currently has more than 600 art pieces made by Paul Cézanne, Alberto Giacometti, Francis Bacon, Salvador Dalí and Pablo Picasso.
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