David Geffen

United States
Net Worth (2012):$ 5 Billion
About Quotes (5) Trivia (4)
Born on: Feb 21, 1943 (Age: 69) Pisces
Born in: Brooklyn, New York
Marital status: Single
Occupation: Theatrical Producer, Hollywood

Widely regarded as the wealthiest man in the American entertainment industry, the ‘Boy from ‘Brooklyn’ turned millionaire by the time he was 25. After dropping out of the University of Texas, Geffen took a job at the William Morris Talent Agency and soon became a music agent. He cofounded Asylum Records in 1970 where he cultivated his knack for spotting new talent and emerging trends in the entertainment industry.

Asylum became one of the most sensational success stories in the music business. It signed the likes of Linda Ronstadt, Joni Mitchell, Carly Simon and Tom Waits. Even Bob Dylan released two of his albums on Asylum. When Geffen sold Asylum Records to Warner Bros. in 1975 for $7 million, it was one of the largest music deals at that time. After an absence of almost four years that was actuated by a mistaken diagnosis of cancer, Geffen returned to his beloved music industry with a bang and founded Geffen Records in 1980. After the conclusion of a six-year contract, he sold his recording label to the Music Corporation of America for $6.13 million plus $50 million in stock options. Geffen, who is single and openly gay, is also a noted art collector.

He owns one of the finest collections of postwar American art in the world that include valuable pieces by Jackson Pollock and Willem de Kooning. Of late, Geffen has enhanced his reputation as a prominent philanthropist. In 2002, the School of Medicine at the UCLA became the David Geffen School of Medicine after he donated $200 million; the largest gift in the history of the university.

"The opportunity for an entrepreneur to start a company from scratch today is abysmal."
"I would say that Bob Dylan is as interested in money as any person I`ve known in my life. That`s just the truth."
"I`m not Sammy Glick. I`ve never killed anyone. I don`t have to. I`m too talented."
"It`s the perfect definition of a settlement. Both parties didn`t get what they wanted."
"I thought I'd be a success even back in the mailroom at William Morris."
He has produced many films, one of them is 'Little Shop of Horrors'
His father was a pattern maker and sold women's undergarments out of a tiny shop.
He was ranked no #12 on Premiere's 2006 in "Power 50" list.
David Geffen is openly gay.

David Geffen Cause (2)

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1

David Geffen Foundation

owned by
David Geffen
Geffen donates most of his annual salary to this foundation which he established to support his favorite causes which include AIDS research and gay rights.
2

American Foundation for Equal Rights

owned by
David Geffen
Quite vocal for his support for gay rights, Geffen actively supports this foundation which is dedicated to protecting the rights of every citizen.

David Geffen Collectibles (2)

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1

Art Collection

owned by
David Geffen

David Geffen is amongst few who invest boldly in art. With the Art collection worth $1 billion he has been proved to be a judicious buyer and seller of art. Geffen owns quite a few magnum opus by the best artists of the second half of the 20th century. Few years ago he sold two of his expensive paintings ackson Pollock's "Number 5" and Willem de Kooning's "Woman III") for $277 million. These paintings are still two most expensive painting sold ever. 

2

Willem de Kooning

owned by
David Geffen
Geffen sold two 20th century paintings including a Jasper Johns and a Willem de Kooning pieces for a total of $143.5 million.

David Geffen Estates and Homes (2)

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Malibu home

owned by
David Geffen
Geffen is one of the affluent and influential residents in this area. An interesting court battle ensued over his Malibu residence which Geffen lost. It was regarding public access to the beach from his property.

Dinning room

Dinning room view

Living room

Luxurious sofa inside living room

Master bedroom

Master bedroom view of David Geffen's mansion

Extravagant view

Extravagant view of Geffen's home

Majestic exteriors

Majestic exteriors of Malibu beach mansion

Entry point

Entry point of David Geffen's malibu mansion
2

Beverly Hills mansion

owned by
David Geffen
This 9.4-acre estate is rumored to have cost a fortune to the music industry legend. Geffen who purchased this property for a staggering $47.5 million spent another $45 million on its renovation which included $20 million on landscaping alone.

Aerial view

Aerial view of David Geffen's mansion in California

Bird eye view

Bird eye view of David Geffen's Beverly Hills mansion

Luxurious and elegant

Vast and elegant mansion of David Geffen

David Geffen Hobbies (1)

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Collecting American art work

owned by
David Geffen

Hollywood mogul David Geffen, is an avid collector of American artists’ work. It’s been said that there’s no collection that has better representation of post-war American art than David Geffen’s. Geffen, an insightful buyer and seller of art reportedly sold 4 paintings for whopping $420 million. David’s coveted masterpiece “Number 5” was sold for $134 million, and is the most expensive painting ever sold. He even sold Jasper John’s “False Start” for $80 million to Citadel’s Kenneth Griffin.

Woman III

David Geffen's art collection

David Geffen Yachts (2)

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Pelorus yacht

owned by
David Geffen
300 Million

Geffen purchased this 115m (377 ft) motor yacht from Russian billionaire’s ex-wife Irina Abramovich for $300 million making him the exclusive owner of two of the top 20 largest yachts in the world. Custom built by Lurssen Yards in 2003, this yacht was handed over to Irina Abramovich in 2009 as part of her divorce settlement. The other mega-yacht that Geffen owns is The Rising Sun, which he bought from another billionaire Mr. Larry Ellison.

 

Features:    Like its Greek name which translates into ‘vast’, this yacht stands as one of most expensive cruise ships. With luxurious amenities like a spa pool, a swimming pool, two helicopter pads and a spacious owner’s suite with a private deck and 180-degree view, it's a floating paradise. It’s previous owner Roman Abramovich had installed additional helipads, new zero speed stabilizers, extra wave runners and jet skies on to the yacht. A crew of 48, continuously looks after the yacht and ensures smooth sailing for its owner and guests.

 

Accommodations: It’s known to be loaded with features including jet skies, wave runners, helipads, swimming pools, conference rooms and suites which can comfortably house 18 guests and 48 permanent members of staff.

 

Specs: The yacht is powered by 2 Wartsila engines generating 5500 HP of power, making it cruise at 20 knots but is best suited for a cruise speed of 16 knots over a distance of 6000 nautical miles. 

Pelorus yacht

The Greek name translates into ‘vast’,

Lurssen Yards's product

Built in 2003 by the German shipyard Lurssen Yard, the yacht is 19th largest.

Living room

The interiors have been designed by Tim Heywood. This is the living room of this super yacht

Shining like a star

The yacht is a stunning piece of design and engineering and shines like a star in the night.

Deck view

The upper deck view of Pelorus
2

Rising Sun yacht

owned by
David Geffen
250 Million

At a stunning 138.4m (453 feet), the Rising Sun is the sixth largest yacht in the world which Geffen purchased last year from Larry Ellison. The mega-yacht was built by Lurssen Yards in 2004, makers of other super-yachts like Pelorus, which incidentally is also owned by David Geffen. Originally co-owned by Geffen and Larry Ellison, the yacht reportedly cost around $250 million to built.

 

Features: The opulent interiors have been designed by Seccombe Design. The luxury yacht offers multiple recreational facilities to its owner and guests which include a , a spa, sauna, gymnasium, wine cellar, private cinema and a basketball court that doubles into a helipad. Furthermore, the yacht has all other extravagancies like a top-deck swimming pool and sumptuous guest suites, which are a natural consequence of being an ultra-luxurious mega-yacht. In case passengers need to take an emergency exit from the vessel, it has space for a submarine.

 

Accommodations: With a total of 8000 sq ft of available space, the yacht provides room for stretching and lounging around. There are 82 luxurious rooms on 5 stories, which can easily accommodate 45 crew members and up to 16 guests. It has also been noted that this vessel takes an average of $13 million a year, just to maintain and keep it in perfect shape.

 

Specs: The engine aboard the yacht is comprised of 4 MTU 20V 8000 M90 engines which generate 50,000 HP of output, and takes the boat up to 28 knots of speed. 

Living room

Living room view of David Geffen's yacht

Rich look

Rich interiors of David Geffen's super yacht

Luxurious interior

Luxurious interiors of Rising Sun

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