Budi Tek

In 2018 two years into his partnership with LACMA, Tek compared it to a marriage. The move will see most of the Yuz Collection donated to a new, jointly-owned foundation. The University of Chicago art history professor Wu Hung will oversee the programme as consulting artistic director. The move will significantly expand LACMA's holding of contemporary Chinese art and followed attempts by Tek to convince the Chinese government to establish a special status for the Yuz Museum, which would have created a China-based NGO.

In 2015 he announced plans to house the Yuz Collection in Bali, including a super-sized 150-metre square version of Rain Room, but the plan was shelved due to his ill health.

In 2011, Tek was voted eighth on Art&Auction's list of the top 10 most influential figures in the art world. He was also listed by Business Insider as one of the 12 most influential art collectors in the world in 2011. In August 2013 he was conferred the French Legion of Honour.

Tek founded the Yuz Foundation in 2007. It is the umbrella organization of the Yuz Collection and the Yuz Museum. The Yuz Museum was established in Jakarta and was followed up in May 2014 by a second venue in Shanghai,

In 2004, Tek began collecting artworks, amassing a collection of over 1,500 pieces, the Yuz Collection. Invited by London's Tate to sit on its Asia Pacific Acquisitions Committee to raise awareness of Asia Pacific arts, Tek expanded the scope of his interests beyond Asian art to include Western art, acquiring works by artists such as Maurizio Cattelan, Fred Sandback, Anselm Kiefer, and Adel Abdessemed to his collection.

Tek was born in Jakarta and grew up in Singapore. He became a successful entrepreneur and was president/director of Indonesia-based PT Sierad Produce Tbk, with interests in poultry production through to restaurant management. He took the company to IPO in 1996, but was later forced to restructure operations in response to Indonesia's debt crisis.

Budiardjo 'Budi' Tek (27 October 1957 – 18 March 2022) was a Chinese-Indonesian entrepreneur, philanthropist and art collector, and the founder of the Yuz Foundation. Following a successful business career, Tek started collecting art works in 2004, amassing a collection of over 1,500 pieces, including a number of difficult to display 'mega art' works, he announced he would turn the collection into a non-profit public institution in 2017 following a 2015 diagnosis of pancreatic cancer. In 2018 he announced that he would partner with the Los Angeles County Museum of Art (LACMA) to form a foundation that would house most of his collection of Chinese contemporary art.