Former Univision chief A. Jerrold Perenchio is donating $500 million dollars' worth of art to LA County Museum, including a Picasso, Degas, and Monet.

"A billionaire former television executive donated artwork worth an estimated $500-million to the Los Angeles County Museum of Art according to The Wall Street Journal. A. Jerrold Perenchio’s gift is by far the largest the museum has received and includes works by Pablo Picasso, Paul Cézanne, Edgar Degas, Edouard Manet, and Claude Monet. Mr. Perenchio is the former chairman and chief executive of Univision Communications." -- the Chronicle of Philanthropy