Is David Geffen A Billionaire? Check Out His Net Worth

Yes, you’re right; according to Forbes, David Geffen has an estimated net worth of $8.6 billion. David Geffen, whose real name is David Lawrence Geffen, is an American media owner, record executive, and film producer. Apart from all this, he is a very successful businessman and one of the richest men in the world. In 1990, Geffen sold the music label he founded, Geffen Records, to MCA for $550 million.

David Geffen co-founded DreamWorks SKG, a film studio with Steven Spielberg and Jeffrey Katzenberg. In addition, he owns a 453-foot yacht Rising Sun, real estate in California and New York, and an art collection.

How much is David Geffen’s Net Worth?

Forbes estimates David Geffen’s net worth to be $8.6 billion. Geffen made his fortune in 1990 when he sold Geffen Records to MCA for $550 million in stock. When Matsushita bought MCA for cash a few months later, the music mogul got more than $700 million. Billionaire Edward Lampert invested a large chunk of the after-tax proceeds, generating a compound annual return of more than 20% over the next 12 years.

Real Name	David Lawrence Geffen
David Geffen Net Worth	$8.6 Billion
Profession	Film producer
Height	1.80 m
DOB	February21, 1943
Age	81 years old
Real Estate	1 billion +

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David Geffen Investments

In addition to Lampert’s fund, David Geffen invested in McKesson. In an interview with Fortune magazine in July 2013, he revealed that he owned about $1 billion worth of Apple stock. In May 2022, he said without further details that he had sold his position during the past 18 months.

According to a person familiar with the collection, the billionaire has made hundreds of millions of dollars selling art, including works by David Hockney, Jasper Johns and Jackson Pollock. He reportedly still owns art assets worth more than $2 billion.

David Geffen Real Estates

Due to his yachts, American billionaire David Geffen has been named the world’s second most polluting person and the United States’ most polluting person. His Beverly Hills estate was sold to Jeff Bezos in February 2020 for $165 million, the highest price ever paid for a home in a California real estate transaction. He paid $68 million for Casey Wasserman’s Beverly Hills estate in June 2020.

Additionally, in 2007, Geffen purchased a half-share in Larry Ellison’s luxurious yacht, the Rising Sun, which he later purchased in 2010. When Russian billionaire Roman Abramovich and his wife Irina settled for divorce in 2009, Irina became the owner of the 115-meter yacht Pelorus. In 2011, Geffen paid $300 million for Pelorus, which he later sold to Sheikh Abdullah bin Zayed bin Sultan Al Nahyan for €214 million.

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David Geffen Art Collection

In 2006, renowned American art collector David Geffen sold several of his artworks, including Willem de Kooning, Mark Rothko, and Jackson Pollock, for a total of $143.5 million. In 2006, Mexican financier David Martinez, founder of Fintech Advisory Ltd., purchased two paintings by Jasper Johns and one by de Kooning from Geffen’s collection for $140 million.

Martinez is a financial firm headquartered in London that focuses on purchasing debt from the Third World. The sale surpassed the $134 million price paid for Gustav Klimt’s portrait of Adele Bloch-Bauer I, making Number 5, 1948 the most expensive painting ever sold.

According to a 2013 Wealth-X report, Geffen’s private art collection of an estimated $1.1 billion was the most valuable in the world. According to a 2016 Bloomberg News story, Geffen also sold Pollock’s 1948 painting, Number 17A, to hedge fund billionaire Ken Griffin for $200 million and de Kooning’s 1955 oil painting, Interchange, for $300 million.

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