David Geffen | Net Worth $ 9 billion | Owner of the Yacht Rising Sun

Name:David Geffen
Net Worth:$ 9 billion
Source of Wealth:Geffen Records / Dreamworks
Born:February 21, 1943
Country:USA
Wife:N/A
Children:N/A
Residence:Carbon Beach, California, USA
Private Jet:Gulfstream G650 (N221DG)
YachtRising Sun


Who is David Geffen?

He is an American record executive, film producer, theatrical producer and philanthropist.

Geffen Records

He is known for creating Asylum Records in 1970 and Geffen Records in 1980. Geffen Records launched the careers of the EaglesAerosmith and Guns N’ Roses.

In 1990 Geffen Records was sold to MCA Records for US$ 550 million.

DreamWorks SKG

He is also one of the founders of DreamWorks SKG. The co-founded the company with Steven Spielberg and Jeffrey Katzenberg. Dreamworks is a live-action and animation film studio. They founded in October 1994.

With the 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.

Philanthropy

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 US$ 9 billion (February 2020). 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.

David Geffen

David Geffen



10 Facts About David Lawrence Geffen you probably didn’t know

  1. He founded Asylum Records in 1970 and Geffen Records in 1980.
  2. Geffen Records signed with the Eagles, Aerosmith and Guns N’ Roses.
  3. In 1990 Geffen Records was sold to MCA Records for US$ 550 million
  4. He founded DreamWorks with Steven Spielberg and Jeffrey Katzenberg.
  5. His net worth is US$ 9 billion.
  6. He donated US$ 200 million to the University of California in Los Angeles.
  7. His yacht 138 meter yacht was built for Larry Ellison.
  8. Ellison considered her too big and ordered the smaller 88 meter Musashi.
  9. He owns a Gulfstream G650 private jet with registration N221DG.
  10. He is active on Instagram, often posting photos on board his yacht.

David Geffen House