| Name: | David Geffen |
| Net Worth: | $11 billion |
| Source of Wealth: | Geffen Records / Dreamworks |
| Born: | February 21, 1943 |
| Age: | |
| Country: | USA |
| Wife: | N/A |
| Children: | N/A |
| Residence: | Carbon Beach, California, USA |
| Private Jet: | Gulfstream G650 (N221DG) |
| Yacht | Rising Sun |
David Geffen is an American record executive, film producer, theatrical producer and philanthropist.
He is known for creating Asylum Records in 1970 and Geffen Records in 1980. Geffen Records launched the careers of the Eagles, Aerosmith and Guns N’ Roses.
In 1990 Geffen Records was sold to MCA Records for US$ 550 million.
He is also one of the founders of DreamWorks SKG. The co-
With the financial backing of US $33 million from each of the three founders. And $500 million from Microsoft co-
The founders agreed on three conditions. They would make fewer than nine movies a year. They would be free to work for other studios if they chose. They would go home in time for dinner.
He is an active philanthropist, supporting medical research. He also supports AIDS organizations, arts, and theatre. In 2002 Geffen supported the University of California in Los Angeles with US$ 200 million. The university was renamed in the David Geffen School of Medicine.
Forbes estimates his net worth at $11 billion. In March 2015 Geffen donated USD 100 million to New York’s cultural institution Lincoln Center.
The amount will be used to renovate the Avery Fisher Hall. The concert hall will be renamed Geffen Hall.
For a few years, he owned the yacht Pelorus. Pelorus is now owned by Hong Kong-based billionaire Samuel Tak Lee.
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He owns a large house in the East Hamptons which he purchased for US$ 50 million. And he owns a Malibu Beach House at Carbon Beach with a value of over USD 20 million.
He also owns an estate in Beverly Hills. It was built for Warner Bros founder Jack Warner.
He is the owner of the yacht Rising Sun. The superyacht was built by Lurssen in 2004 for Larry Ellison.
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. The aircraft can accommodate 14 passengers.
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