With Steven Spielberg and Jeffrey Katzenberg, David Geffen founded DreamWorks, a record and film production company he co-founded. DGC and the Geffen Film Company are just a few of the companies founded by Geffen. He also helped finance great productions such as Dreamgirls, Little Shop of Horrors, and Cats, a huge hit.
What is David Geffen’s net worth?
A philanthropist and record executive from Brooklyn, David Geffen has an estimated $8 billion.
|Year||Net Worth||Increase Rate|
|2022||$8 billion||11.11% increase|
|2021||$7.2 billion||10.76% increase|
|2020||$6.5 billion||32.65% increase|
|2019||$4.9 billion||16.67% increase|
Early life and Education
February 21, 1943, was Geffen’s birthdate in Brooklyn (New York City). Before relocating to California to pursue an acting career in the early 1960s, he had dropped out of two east coast institutions and had never returned. As an extra in The Explosive Generation (1961), he began his career at the William Morris Agency’s mail office (WMA). It didn’t take him long at WMA before he was elevated to a talent scout.
As a result of his departure from the WMA in 1970, he managed musicians such as Jackson Browne, whom he had previously scouted. It took Geffen a long time before they were able to sign Browne. It was he who started his record label! The co-founder was Elliot Roberts, a WMA mail room acquaintance.
Asylum Records was the name of the corporation. Their reputation for signing artists who couldn’t get a record deal anywhere else led them to choose Asylum for their label, which stands for Asylum.
In addition to Jackson Browne, Asylum also signed Laura Nyro, Crosby Stills and Nash, and Crosby Stills and Nash. As a result, the company has signed musicians such as the Eagles, Joni Mitchell, Bob Dylan, and Tom Waits.
David Geffen created Geffen Records in 1980 after he received a clean sheet of health. As a result of releases from artists like Berlin, Kylie Minogue, Enya and Asia, Wang Chung and Sammy Hagar, Elton John, Cher, Debbie Harry, Don Henley, Joni Mitchell, and many others, the label thrived in the 1980s.
For 10 million shares of MCA stock, he sold Geffen Records to MCA Music Entertainment in the early 1990s.” Matsushita Electric, a Japanese company, acquired MCA in 1991 for $6 billion, and Geffen’s portion was valued at $700 million. In today’s prices, that equates to roughly $1.3 billion. Overnight, Geffen became the wealthiest person in the entertainment sector and became a billionaire. He was also given a hefty four-year job deal.
After selling the company to MCA, he offered his long-time secretary a 1 percent share of the proceeds. She earned more than $5 million from the different deals (a bit less than $10 million after inflation). Artists including Mary J. Blige, The Roots, Blink-182, The Game, and Common would continue to enjoy massive success after the sale.
Since the early 1980s, David has been producing films through The Geffen Film Company. He is perhaps best recognized as a DreamWorks co-founder. Little Shop of Horrors (1986), Risky Business (1983), and Beetle juice (1988) were all produced by him.
Steven Spielberg and Jeffrey Katzenberg co-founded DreamWorks SKG in 1994, and he served as its chairman. Films like Shrek 2, Kung Fu Panda, Antz, and Shark Tale helped them achieve massive popularity. Movies and merchandise sold by DreamWorks have grossed more than $15 billion at the box office worldwide.
David Geffen is a philanthropist who is known for his generosity. When he dies, he intends on donating the majority of his fortune to charity. It is estimated that he has given UCLA hundreds of millions of dollars, making him the UC system’s most prominent private donor.
Having a passion for collecting art ever since he became successful, David now possesses what is considered one of the world’s most valuable private art collections. As a result, a significant amount of his net worth comes from his $2-3 billion art collection. For $277 million in 2006, he sold a Jackson Pollack and a de Kooning. De Kooning’s 1955 painting sold for $300 million in 2016, as did a 1948 Jackson Pollack. Ken Griffin, a hedge fund millionaire, purchased both.
Many of David’s yachts have become highly valuable. In 2011, he sold his yacht, Pelorus, for $240 million to a UAE Sheikh. Rising Sun, a $200 million vessel co-owned by Oracle CEO Larry Ellison, was launched in 2007. It is the world’s 12th largest yacht. To Geffen, he sold his portion of the company in 2010. On his amount of the vessel; Geffen has spent 590 million dollars.
David Geffen’s Dating
In 1980, David Geffen became the first billionaire to accept himself as gay openly. The fact that he was previously married to an Indian woman for over 11 years makes it unlikely to be gay. Everyone in the Stitched group was close and supportive of each other.
David Geffen’s contact information is not available on our site. Neither the home landline number nor the personal number is available through us.
U.S. city of Los Angeles
Records executive, filmmaker, theatre producer, and philanthropist live here.
|Email Address||Not Available|
|Whatsapp Number||Not Available|
|Discord/Telegram Number||Not Available|
|Personal Website||Not Available|
|Snap chat||Not Available|
|Real Name||David Lawrence Geffen|
|Nick Name||David Geffen|
|Profession||Film Producer, Businessperson, Talent Agent, Television Producer|
|Age||78 years old|
|Height||In feet: 5.9|
In meter: 1.75m
In CM: 175cm
|Weight||In Kilograms: 80kg|
In Pounds: 176 Ibs
|Parents||Father: Abraham Geffen|
Mother: Batya Volovskaya
As a music and movie producer, David Geffen developed a massive Hollywood-based empire, including Geffen Records and DreamWorks.He is only active on one social media platform, yet he has a large following. As a result, he has become one of Hollywood’s wealthiest individuals.