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With the news of Walmart heiress Alice Walton preparing to open her massive Crystal Bridges Museum of American Art in Arkansas in November and California’s billionaire philanthropist Eli Broad set to build The Broad, a stunning Diller Scofidio + Renfro-designed museum that will open in Los Angeles in 2013, we thought it was time to take a look a how wealthy art collectors are promoting their prizes. From the edgy Rubell Family Collection, housed in a former Drug Enforcement Agency storage site in Miami and Francois Pinault’s coveted contemporary art on view in historic buildings in Venice to a Sheikh’s rich collection of Arab art exhibited in a converted school in Qatar and Korean national treasures shown at Samsung’s masterfully designed Leeum in Seoul, here’s a glimpse at some of our favorite private museums around the world. If there are others that you think we should know about, please share.

Rubell Family Collection, Miami

Don and Mera Rubell started collecting contemporary art in the mid-60s, but they really put the Rubell Family Collection on the map when they re-purposed a massive Drug Enforcement Agency warehouse in Miami in 1993 and started showing the collection, which includes works by Jean-Michel Basquiat, Cindy Sherman, Keith Haring (shown here), Takashi Murakami, and hundreds more cutting-edge artists, to the public.