Celebrity Charity: David Geffen is Hollywood’s richest man. Here’s how he spends his $8.5 billion fortune, from real estate in the Hamptons and California to his 453-foot superyacht that’s hosted Jeff Bezos and the Obamas

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Celebrity Charity: David Geffen is Hollywood’s richest man. Here’s how he spends his $8.5 billion fortune, from real estate in the Hamptons and California to his 453-foot superyacht that’s hosted Jeff Bezos and the Obamas

Celebrity Charity:

Celebrity Charity: David Geffen


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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.

Geffen founded music label Geffen Records and cofounded movie studio DreamWorks SKG with Steven Spielberg and Jeffrey Katzenberg.

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.

Read more: Jeff Bezos and Lauren Sanchez partied with Lloyd Blankfein and model Karlie Kloss aboard billionaire David Geffen’s superyacht

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.


REUTERS/Phil McCarten

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 1970s, Geffen had a high-profile relationship with singer Cher.

Cher and David Geffen at legendary nightclub Studio 54 in 1986.

Adam Scull/PHOTOlink/MediaPunch /IPX

Although Geffen later came out as gay, Cher said of the relationship in a 2012 interview: “At that point in his life, I was the right person for him.”

Celebrity Charity: In the 1980s, Geffen ran his music label, Geffen Records.


AP Images

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.

Geffen later sold the label to MCA for $550 million worth of stock.

A few months after that deal, Geffen made $700 million when MCA was bought by Matsushita Electric Industrial Co., Ltd (which later became Panasonic), according to Bloomberg.

Celebrity Charity: With the movie arm of his business, Geffen Pictures, Geffen produced films including “Risky Business,” “Beetlejuice,” and “Interview with a Vampire.”

Tom Cruise in “Risky Business.”

Warner Bros.

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.

David Geffen, Jeffrey Katzenberg, and Steven Spielberg.

REUTERS/Peter Morgan PM/HB

He left DreamWorks in 2008.

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.

A Google Maps satellite view of the Jack Warner Estate.

Google Maps

According to Variety, Geffen has lived at the Beverly Hills estate since 1990, when he bought it for $47.5 million.

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: Geffen owns at least two other homes in Beverly Hills. In the spring of 2019, Geffen picked up a $4.65 million Beverly Hills house next door to one he already owned.

A view of Beverly Hills in California.

Google Maps

Geffen’s new 3,267-square-foot home comes with four bedrooms and a swimming pool.

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.

A satellite view of Geffen’s $40 million lot.

Google Maps