Blackstone Group LP vice chairman James Tomilson Hill has been acknowledged as a billionaire this week by Forbes Magazine, after his stake in Blackstone rose to $585 million yesterday, complementing the avid art collector’s broad selection of works by artists like Peter Paul Rubens, Francis Bacon and Andy Warhol.  “I don’t like to talk about the financial aspect of art,” he said in a recent interview. “Collecting art is a highly personal endeavor.”Read more at Forbes

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