- Billionaire music and movie producer David Geffen is the richest man in the entertainment industry.
- He’s worth an estimated $8.49 billion, according to Bloomberg’s Billionaires Index.
- Geffen founded music label Geffen Records, which he sold in 1990 for $550 million. He also cofounded movie studio DreamWorks SKG with Steven Spielberg and Jeffrey Katzenberg.
- Geffen owns millions of dollars of real estate in New York and California, a $2 billion art collection, and a $590 million superyacht where he hosts high-profile guests like the Obamas, Jeff Bezos, Tom Hanks, Oprah Winfrey, and Orlando Bloom.
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Billionaire Hollywood producer David Geffen is the richest man in the entertainment industry, with an estimated $8.49 billion fortune, according to Bloomberg.
The 76-year-old billionaire is known for cruising the seas on his 453-foot megayacht, Rising Sun, on which he’s hosted celebrity guests including Barack and Michelle Obama, Oprah Winfrey, Bruce Springsteen, and Tom Hanks.
Most recently, Geffen was pictured partying on his yacht with Amazon CEO Jeff Bezos and his girlfriend, Lauren Sanchez, former Goldman Sachs CEO Lloyd Blankfein, and model Karlie Kloss and her husband, Josh Kushner. The yacht used to belong to Oracle CEO Larry Ellison.
Geffen owns a massive portfolio of real estate in New York and California, including a $54 million Manhattan penthouse and a $47.5 million Beverly Hills mansion built by one of the founders of Warner Bros. The billionaire reportedly has an art collection worth $2 billion.
Here’s a look at the Hollywood mogul’s life, career, and spending habits.
Celebrity Charity: Movie and music producer David Geffen is worth an estimated $8.49 billion, making him the richest man in Hollywood, according to Bloomberg’s Billionaires Index.
The Brooklyn-born billionaire dropped out of college to join the entertainment industry, starting his career in the mailroom at William Morris Agency in Manhattan, where he worked his way up to being a talent manager.
Celebrity Charity: In the 1980s, Geffen ran his music label, Geffen Records.
High-profile artists signed to the label included John Lennon and Yoko Ono, Elton John, Donna Summer, Guns N’ Roses, Aerosmith, Don Henley, Cher, and Peter Gabriel.
Celebrity Charity: With the movie arm of his business, Geffen Pictures, Geffen produced films including “Risky Business,” “Beetlejuice,” and “Interview with a Vampire.”
He also owned a Broadway theater company that produced shows such as “Cats” and “Dreamgirls.”
Celebrity Charity: In 1994, Geffen cofounded movie studio DreamWorks SKG with Steven Spielberg and Jeffrey Katzenberg.
Celebrity Charity: The 76-year-old billionaire owns millions of dollars worth of real estate in California. His primary home is reported to be the sprawling Jack Warner Estate in Beverly Hills.
The mansion is named for Jack Warner, the cofounder of Warner Bros, who built it in 1937.
The nine-acre property includes a 13,600-square-foot Georgian-style mansion, two guesthouses, a tennis court, swimming pool, nine-hole golf course, terraces and gardens, and a motor court with its own service garage and gas pump.
Celebrity Charity: And the billionaire continues to pick up Beverly Hills properties. Just last month, Geffen paid $30 million — for an empty, one-acre lot.