David Geffen is famous as a business tycoon, film studio executive, producer, and philanthropist, who is best recognized for the fact that he has created or even co-created Asylum Records in the year 1970, Geffen Records in year 1980, another one named DGC Records in the year 1990, and DreamWorks SKG in the year 1994. Keep reading to know more about David Geffen’s net worth in 2018.
David Geffen Early Life
David Geffen was born in the year 1943 to Batya Volovskaya and Abraham Geffen. His birthplace was Borough Park, at Brooklyn, situated inside New York. His mother was an owner of one clothing store within Borough Park.
His both parents were identified as Jewish migrants who came across in British-mandated Palestine and later shifted to the US. He has completed graduation from Brooklyn’s New Utrecht High School during the year 1960.
Moreover, he has appeared in the University of Texas at Austin for the span of one semester, and later studied in Brooklyn College, prior getting dropping out again.
Later, he relocated towards Los Angeles, in California for getting works in the entertainment business. Besides, he appeared in Santa Monica College running in Santa Monica, inside California, however, he left it soon.
David Geffen Career:
David Geffen started off his career in the entertainment industry by working within mailroom in William Morris Agency (abbreviated as WMA), wherein he soon turned as a talent agent. This was after a short appearance made as an extra during the year 1961 movie entitled The Explosive Generation.
With the purpose to get e WMA job, Geffen needs to prove that he was actually a college alumna. Moreover, his classmates in the mailroom are namely Elliot Roberts, the one who became Geffen’s companion in a management organization later on.
Besides, Geffen has resigned from William Morris for becoming a personal manager; also he was successful with Laura Nyro as well as Crosby, Stills, and Nash.
It is found that Geffen is founder of Asylum Records during the year 1970 (in association with Elliot Roberts) post he was failed to get Jackson Browne record contracted anywhere else.
The reason behind selecting the name Asylum was as the holders’ reputations for approving artists who would fight to get a record company which would deal with them. This label got circulated by Atlantic Records during this time.
Awards & Achievements:
David Geffen was entitled as one of the year 2010 receivers of Ahmet Ertegun Award from the Rock and Roll Hall of Fame.
Moreover, he was also awarded by the President’s Merit Award for “indelible contributions to the music industry” right from the National Academy of Recording Arts and Sciences at the 53rd Grammy Awards in the year 2011.
Net Worth of David Geffen:
David Geffen has an estimated net worth of $6.9 billion. He makes his fortune from his career as a record executive, theatre and film producer, and as a business tycoon.
In his career, he is highly famous for being the founder of Geffen Records, wherein he contracted Nirvana, Donna Summer, Blink-182, and released Double Fantasy album. His earnings increased when he began one film production company, and he was known to be one-third of Dreamworks Company.
He has begun his career within the mailroom in the William Morris Agency (abbreviated as WMA), wherein he was soon promoted to function as a talent spy.
Moreover, he left WMA and established Asylum Records during the year 1970 in association with Elliot Roberts. He got quick success by contracting Crosby Stills and Nash, Laura Nyro, as well as Jackson Browne.
His income increased when he functioned as vice chairman of Warner Brothers film studios. It is revealed that he has resigned from Warner Brothers soon after beginning work with the company as he was misdiagnosed with cancer and getting early retirement.
David Geffen holds the fame of establishing many record companies and later managing them being a record executive. Other than his main career, he is famous for his art collection, a real estate in New York and California, as well as the 453-foot yacht Rising Sun.