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How Howard Rachofsky Went From Selling Soda to Collecting Art

By Peter Simek |

As part of their ongoing dossier series, The Dallas Morning News takes a look at collector, patron, and hedge fund manager Howard Rachofsky, who got his start selling soda in University Park. Well, sort of. His father ran a Pawn Shop and a diamond-buying operation, and Rachofsky went to law school. After graduation, he split his time between practicing law and trading stocks with Mattox.

By 1986, Financial World magazine anointed him one of the 100 highest-paid people on Wall Street, even though he was running his hedge fund from an anonymous office on Oak Lawn Avenue.

Business success fueled Rachofsky’s appetite for contemporary art. In 1996, he unveiled that mansion, designed by Richard Meier, and filled with the provocative treasures he’d been collecting.