Why A Semi-Reclusive Billionaire Gave LACMA Half A Billion Dollars’ Worth Of Art

Jerry Perenchio, former chairman of the Spanish-language U.S. television network Univisión, is bequeathing at least 47 paintings – by the likes of Monet, Magritte, Manet, and Picasso – valued at roughly $500 million. But there’s a sizable string attached.