David Geffen’s profile picture

David Geffen

Cofounder, DreamWorks Animation SKG Inc. (Cl A)
David Geffen’s profile picture
Net worth 2018: $8.36 Billion
Industry: Media
Residence: Beverly Hills, California
Country: United States
BirthDay: 21 February 1943
Sigh: Pisces
Education: Drop Out, The University of Texas at Austin
BIOGRAPHY

David Geffen was bornon 21 February 1943 in Beverly Hills, California, United States, is Cofounder, DreamWorks Animation SKG Inc. (Cl A). David Geffen is #197 in List Billionaires People In The World. Hollywood's richest man is the co-founder/founder of record labels Asylum Records, Geffen Records and DGC Records, as well as film studio DreamWorks. Born to Jewish immigrants in Brooklyn, Geffen started his career in the mailroom of talent agency William Morris, where he rose to became an agent. Throughout the years he has amassed an impressive contemporary art collection, including works by Jasper Johns, De Kooning and Jackson Pollock. A luxurious property aficionado, he owns one of NYC's most expensive condos, a house in the Hamptons and the Jack L. Warner estate in Beverly Hills. In 2016 Geffen donated $100 million to MoMA. Thanks to his contributions, his name also graces a hall in Lincoln Center and UCLA's School of Medicine.

NET WORTH STATISTIC
2009

$5 Billion

2010

$5.1 Billion

2011

$5.5 Billion

2012

$5.6 Billion

2013

$6 Billion

2014

$6.7 Billion

2015

$6.9 Billion

2016

$6.7 Billion

2017

$7.3 Billion

2018

$8.36 Billion

Starting a new studio was a thrilling challenge, but it was more stressful than fun. I never took a salary, a bonus or expenses. I learned never to do anything you're not passionate about.

David Geffen
TIMELINE
2017

The latest donation funds the full cost of attendance for up to 30 students per year, beginning with the Class of 2017

2016

In February 2016, Bloomberg News reported that Geffen had sold De Kooning's 1955 oil painting, Interchanged, for $300 million, and Pollock’s 1948 painting, Number 17A, for $200 million, both to hedge fund billionaire Ken Griffin

2015

In 2015, Geffen pledged $100 million toward renovation of what was then called Avery Fisher Hall, part of Lincoln Center for the Performing Arts in New York

2013

Wealth-X reported in June 2013 that Geffen owns the most valuable private art collection in the world, and estimated its worth at $1

2012

The documentary was directed by Susan Lacy and was first broadcast on 20 November 2012

2011

Approached on Geffen's behalf by broker Merle Wood, Geffen bought Pelorus in 2011 for $300 million

2010

After Ellison ordered a new and more compact 91 metres (299 ft) yacht, he sold his remaining half share in Rising Sun to Geffen in 2010

2009

In 2009, Russian billionaire Roman Abramovich agreed to a divorce settlement with his wife Irina that resulted in her taking ownership of the 115-meter (377 ft) yacht Pelorus

2007

In 2007, Geffen bought a half-share in friend Larry Ellison's luxury yacht Rising Sun, then at 138 meters (453 ft) the sixth largest motor yacht in the world

2006

On November 3, 2006, the New York Times reported that Geffen had sold Pollock's 1948 painting No

2004

According to Forbes ("The 400 Richest Americans of 2004") and other sources, Geffen has pledged to give whatever money he makes from now on to charity, although he has not specified which charities or the manner of his giving

2002

In 2002, he announced a $200 million unrestricted endowment for the School of Medicine at UCLA

2001

Geffen is the subject of several books, most recently The Operator: David Geffen Builds, Buys, and Sells the New Hollywood (2001) by Tom King, who initially had Geffen's cooperation, but later did not

1999

The Geffen label is today is part of the Interscope-Geffen-A&M division of MCA's successor, Universal Music Group, formed as the result of the 1999 merger between the MCA and PolyGram families of labels

1997

An earlier biography was The Rise and Rise of David Geffen (1997) by Stephen Singular

1995

In 1995 he donated $5 million towards UCLA's Westwood Playhouse

1994

In 1994, Geffen co-founded the DreamWorks SKG studio with Steven Spielberg and Jeffrey Katzenberg

1990

Records since its inception but, in 1990, the label was sold to MCA Records

1986

Through the Geffen Film Company, Geffen produced dark-tinged comedies such as (the 1986 version of) Little Shop of Horrors, Risky Business and Beetlejuice

1985

Geffen can be heard on Barbra Streisand's The Broadway Album, released in 1985

1980

In December 1980, Lennon was shot dead and Double Fantasy became a massive seller

1979

Casablanca countered by releasing more singles off her 1979 Bad Girls album such as the song Walk Away and a similarly named hits compilation to compete, but by then New Wave sound was dominating the airwaves

1978

During his retirement period he spent a short time (the fall of 1978 and spring of 1979) teaching a noncredit seminar on the music industry and arts management at Yale University, where he featured classroom guests Jackson Browne and Paul Simon

1977

He then retired and in 1977 was informed (erroneously) that he had cancer

1975

Geffen remained in charge until December 1975, when he went to work as vice chairman of Warner Bros

1972

Asylum was later acquired by Atlantic's parent company, Warner Communications, and merged with Elektra Records in 1972 to become Elektra/Asylum Records

1970

Joni Mitchell and Geffen were close friends and, in the early 1970s, made a trip to Paris with Robbie Robertson and Robertson's wife, Dominique

1961

After a brief appearance as an extra in the 1961 film The Explosive Generation, Geffen began his entertainment career in the mailroom at the William Morris Agency (WMA), where he quickly became a talent agent

1960

Geffen graduated from Brooklyn's New Utrecht High School in 1960 with a 66 percent average

1948

5, 1948 the most expensive painting ever sold (outstripping the $134 million paid in October 2006 for Gustav Klimt's portrait Portrait of Adele Bloch-Bauer I, purchased by cosmetics heir Ronald Lauder)

1943

David Lawrence Geffen (born February 21, 1943) is an American business magnate, producer, film studio executive, and philanthropist

1933

His older brother Mitchell (born Mischa) Geffen (1933–2006) was an attorney who attended UCLA Law School and later settled in Encino, California

1909

David Geffen was born in Borough Park, Brooklyn, New York, to Abraham Geffen and Batya Volovskaya (1909—1988)

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