Net Worth:
$5 million
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About David Geffen
It has been announced that David Geffen net worth reaches an estimate of more than 5 billion dollars which makes him one of the wealthiest people in the world. David Geffen is known as a businessman, film and theater producer, music executive and record producer. All these involvements add millions of dollars to the total amount of David Geffen net worth. David Geffen is also known as a philanthropist. D
avid Geffen is credited with establishing one of the most popular record labels such as “Asylum Records” in 1970, “Geffen Records” in 1980 and also “DGC Records” ten years later. The incomes of the records increase David Geffen net worth a lot. In 1994, he and other two businesspeople established “Dreamworks SKG”.
David Geffen was born in Brooklyn, New York, to his parents who were immigrants from Palestine. Dropping out of high school in New York, he started attending lessons in Santa Monica, but also soon quitted. In order to get education, David Geffen decided to enroll into night school in Brooklyn, but once again he dropped out of it. Moreover, David Geffen enrolled into the University of Texas in Austin, however, only for a short amount of time.
David Geffen started his entertainment involvement in mailroom where he was soon promoted as an agent. In order to keep his job, he had to show his diploma of education. Knowing the fact that he did not have it, he forged it and showed it to his boss. Later, David Geffen got a lot of suggestions and offers to become a record producer which today is one of the main sources of David Geffen net worth.
Therefore, in 1970, he founded his first record label company called “Asylum Records” which he established together with Elliot Roberts. The record label is known on an international level. A lot of great artists were signed to that record label. These included The Eagles, Joni Mitchell, Jackson Browne and many others. At the time of its creation, “Asylum Records” were collaborating and distributed by Atlantic Records label. Some time later, “Asylum Records” were bought by the company “Warner Communications” which also owned the Atlantic Records. “Asylum Records” were joined with the “Elektra Records” and its name was changed to “Asylum/Elektra Records”. The company was one of the main sources of David Geffen net worth. David Geffen worked in the label until the year 1975. At that time, he was promoted to the Vice Chairman of the Warner Bros filming studios.
