David Geffen net worth

David Geffen net worth

Net Worth: $5.5 Billion

About David Geffen

David Geffen net worth

David Geffen is known as one of the richest people in the world. It has been reported that currently David Geffen net worth reaches 5.5 billion dollars. David Geffen has accumulated his net worth through his various careers, such as being a businessman, film producer as well as executive and philanthropist. During all his years in the industry, he has established quite a lot of labels, such as Asylum Records in 1970 and Geffen Records in 1980. These labels have been one of the main sources of accumulating David Geffen net worth. In 1994, David Geffen co-founded the well known film producing label called DreamWorks SKG.

David Geffen was born in Brooklyn, New York. In 1961, David Geffen got a small role in “The Explosive Generation”. After this appearance, he started his career in film industry. However, initially, he worked in a mail room of the William Morris Agency. There, he was quickly promoted to become a talent agent. In order to get a job in William Morris Agency, he was required to show his graduate diploma, which he actually did not have. Thus, he made a false one, in which he stated that he graduated from the University of California at Los Angeles.

Also, when he was still working in the mail room, David Geffen made friends with people, who later began to work closely to him in the film industry, such as Elliot Roberts.

David Geffen left William Morris Agency in order to become an independent manager, which started to add huge sums of money to David Geffen net worth. His first clients were Crosby, Stills and Nash and Laura Nyro. When he began assisting to Jackson Browne, he was on his way to look for an agency to sing him to, however, he was advised to start his own label.

His first label was founded in 1970 and it was the previously mentioned Asylum Records. This label began to also be the one, which added first huge sums to David Geffen net worth. He founded this company because he did not find any label with which he could sign Jackson Browne. The company was co-founded with his friend from the mail room of William Morris Agency, Elliot Roberts. The name Asylum was thought of because of the owners’ struggles to find agencies, with which they could be able to sign the artists whom they represented. In the beginning, Asylum Records worked under the father company, Atlantic Records.

Now you have an idea why David Geffen net worth is this huge

david geffen net worth david geffen net worth david geffen net worth

Leave A Comment