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All You Need to Know About David Geffen and his Yacht Rising Sun
Length: 138 m (454 ft) - Guests: 16 in 8 cabins - Crew: 45 in 30 cabins - IMO 8982307 - Value: US$ 300 million -
David Geffen Net Worth: US$ 7.8 billion - Owners Company: Geffen Records - Owners Country: USA - Rising Sun was built for Oracle founder Larry Ellison. He considered the yacht too large and built the ‘smaller’ 88 meter yacht Musashi
10 Facts About David Lawrence Geffen you probably didn’t know
He founded Asylum Records in 1970 and Geffen Records in 1980.
Geffen Records signed with the Eagles, Aerosmith and Guns N' Roses.
In 1990 Geffen Records was sold to MCA Records for US$ 550 million
He purchased her in 2010 after he was co-owner together with Ellison for 4 years. Ellison considered her too big. He purchased the ‘smaller’ 88 meter Musashi. The super yacht is the 6th largest in the world with a length of almost 138 meters (453 ft).
US$ 300 Million Value Yacht
It reportedly cost over USD 200 million to build. Rising Sun can accommodate 16 guests and she has 45 crew. Her interior is designed by Bannenberg & Rowell Design. The yacht is seen here in 2011 in the bay of Cannes.
Oprah Winfrey Holiday
In the summer of 2013 famous talk show host Opray Winfrey had a holiday on board the superyacht. Opray Winfrey does not own a yacht herself (as far as Superyachtfan is informed…).
The boat is not available for yachtcharter. And she is not listed for sale.She is frequently spotted with celebrities on board.
David Lawrence Geffen
Who is David Lawrence Geffen? He is an American record executive, film producer, theatrical producer and philanthropist.
In 1990 Geffen Records was sold to MCA Records for US$ 550 million.
He is also one of the founders of DreamWorks SKG. The co-founded the company with Steven Spielberg and Jeffrey Katzenberg. Dreamworks is live-action and animation film studio. They founded in October 1994.
With financial backing of US $33 million from each of the three founders. And $500 million from Microsoft co-founder Paul Allen.
The founders agreed on three conditions. They would make fewer than nine movies a year. They would be free to work for other studios if they chose. They would go home in time for dinner.
He is an active philanthropist, supporting medical research. He also supports AIDS organizations, arts and theatre. In 2002 Geffen supported the University of California in Los Angeles with US$ 200 million. The university was renamed in the David Geffen School of Medicine.
David Geffen Net Worth
Forbes estimates his net worth at USD 7.8 billion. In March 2015 Geffen donated USD 100 million to New York’s cultural institution Lincoln Center.
The amount will be used to renovate the Avery Fisher Hall. The concert hall will be renamed David Geffen Hall.
For a few years he owned the yacht Pelorus. Pelorus is now owned by Hong Kong based billionaire Samuel Tak Lee.
David Geffen House
He owns a large house in the East Hamptons which he purchased for US$ 50 million. And he owns a Malibu Beach House at Carbon Beach with a value over USD 20 million.
He also owns an estate in Beverly Hills. It was built for Warner Bros founder Jack Warner.
Private Jet He owns a Gulfstream G650 private jet. The jet has registration N221DG. The jet was delivered in 2013. A Gulfstream G650 has a list price of US$ 70 million.