David Geffen Net Worth is $6.9 Billion (as of 2020)
It has been reported that the overall amount of David Geffen net worth reaches 5.5 billion dollars, which also makes him one of the wealthiest people in the world. David Geffen is mostly known as a philanthropist, business mogul and producer, which are all considered to be the main sources of David Geffen net worth. David Geffen is considered to be as one of not so many producers, who established various popular production companies, which are known worldwide.
|Net Worth:||$6.9 Billion|
|Age:||78 years old|
|Date of birth:||Feb 21, 1943|
|Nationality:||United States of America|
|Occupation:||Businessperson, Theatrical producer, Film Producer, Music executive, Record producer, Television producer|
In 1970, David Geffen founded his first production company which was entitled “Asylum Records”. Ten years later, his second production company was established which was called “Geffen Records”. In 1990, the producer founded his third production company, which he called “DGC Records”. All these three companies add a lot of revenues to the total amount of David Geffen net worth year after year. In addition, in 1994 David Geffen co-worked in establishing another company called “DreamWorks SKG”, which produced many hit films which are known internationally.
One of the most interesting facts about David Geffen is that he began his career as an entrepreneur in his job in postal office. There, he soon started to work as a talent agent. He wanted to work in the “William Morris Agency” but in order to get a position there, he had to show his diploma. David Geffen did not finish any university and college, therefore, he made a fake diploma and got a position in “William Morris Agency”. In his fake diploma, David Geffen wrote that he was the graduate of the University of California at Los Angeles. Also, in the postal service he worked with some people who later got involved into business industry with him, such as Elliot Roberts.
However, soon after he got a job position at the “William Morris Agency”, David Geffen decided to become a personal agent which also increased David Geffen net worth a lot. He became an agent of artists such as Crosby, Still and Nash and Laura Nyro.
Seeing his potential, David Geffen was advised to establish his own record label company. When he was looking for a record company for his act Jackson Browne, he founded his first company, known today as “Asylum Records”. In establishing the record company, he closely collaborated with Elliot Roberts, whom he met in the postal service, where he worked initially. Thus, the road to his financial success started at that point and David Geffen ended up with having three record labels.