Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
David Geffen
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
=== Wealth === As of October 2023, Geffen has an estimated net worth of $9.1 billion, making him one of the [[List of celebrities by net worth|richest people in the entertainment industry]].<ref name="dav_net3">{{cite web |date=2023-10-03 |title=Bloomberg Billionaires Index: David Geffen |url=https://www.bloomberg.com/billionaires/profiles/david-geffen/ |access-date=2023-10-03 |work=[[Bloomberg L.P.|Bloomberg]]}}</ref> In February 2020, Geffen sold his [[Beverly Hills, California|Beverly Hills]] estate to [[Amazon (company)|Amazon]] CEO [[Jeff Bezos]] for $165 million, a price believed to be the highest ever paid for a home in a California real estate transaction.<ref>{{Cite news |last=Clarke |first=Katy McLaughlin and Katherine |date=2020-02-12 |title=WSJ News Exclusive {{!}} Jeff Bezos Buys David Geffen's Los Angeles Mansion for a Record $165 Million |url=https://www.wsj.com/articles/jeff-bezos-buys-david-geffens-los-angeles-mansion-for-a-record-165-million-11581542020 |access-date=2021-02-09 |work=[[Wall Street Journal]] |language=en-US |issn=0099-9660}}</ref> In June 2020, Geffen purchased [[Casey Wasserman]]'s Beverly Hills estate for $68 million.<ref>{{Cite news |last=Leitereg |first=Neal |date=June 9, 2020 |title=David Geffen completes $68-million deal for Wasserman estate in Beverly Hills |url=https://www.latimes.com/business/real-estate/story/2020-06-09/david-geffen-completes-68-million-deal-for-wasserman-estate-in-beverly-hills |work=Los Angeles Times}}</ref> In 2007, Geffen bought a half-share in friend [[Larry Ellison]]'s [[luxury yacht]] [[Rising Sun (yacht)|''Rising Sun'']], then at {{convert|138|m}} the sixth largest motor yacht in the world.<ref>{{Cite web |last=Hoffower |first=Hillary |date=July 28, 2019 |title=Jeff Bezos partied on billionaire David Geffen's $590 million superyacht in the Balearics β here's a look at the yacht, which has hosted everyone from Oprah Winfrey to Barack Obama |url=https://www.businessinsider.com/rising-sun-yacht-david-geffen-jeff-bezos-barack-obama-2019-8 |access-date=2020-02-14 |website=Business Insider}}</ref> After Ellison ordered a new and more compact {{convert|91|m}} yacht, he sold his remaining half share in ''Rising Sun'' to Geffen in 2010.<ref>{{cite web |date=October 25, 2010 |title=David Geffen Takes Possession Of "Rising Sun", World's Sixth Largest Yacht |url=http://boatworktimes.com/yacht-mainmenu-26/luxury/4439-david-geffen-takes-possession-of-qrising-sunq-worlds-sixth-largest-yacht.html |url-status=dead |archive-url=https://web.archive.org/web/20111206032409/http://boatworktimes.com/yacht-mainmenu-26/luxury/4439-david-geffen-takes-possession-of-qrising-sunq-worlds-sixth-largest-yacht.html |archive-date=December 6, 2011 |access-date=October 2, 2011 |publisher=boatworktimes.com |df=mdy-all}}</ref> In 2009, Russian billionaire [[Roman Abramovich]] agreed to a divorce settlement with his wife Irina that resulted in her taking ownership of the {{convert|115|m|adj=on}} yacht [[Pelorus (yacht)|''Pelorus'']]. Approached on Geffen's behalf by broker Merle Wood, Geffen bought ''Pelorus'' in 2011 for $300 million.<ref>{{cite web |author=David Pelly |title=Iconic yachts: Pelorus |url=https://www.boatinternational.com/yachts/editorial-features/iconic-yachts-pelorus |access-date=2012-12-25 |publisher=boatinternational.com}}</ref><ref name="BizInsider">{{cite web |author=Jared Paul Stern |date=July 14, 2011 |title=David Geffen's New $300 Million Yacht Gets Upstaged By A Russian Businessman's Boat In Mallorca |url=http://articles.businessinsider.com/2011-07-14/lifestyle/30021324_1_pelorus-megayacht-fingerprint-scanner |url-status=dead |archive-url=https://web.archive.org/web/20120107074624/http://articles.businessinsider.com/2011-07-14/lifestyle/30021324_1_pelorus-megayacht-fingerprint-scanner |archive-date=January 7, 2012 |access-date=October 2, 2011 |publisher=businessinsider.com |df=mdy}}</ref> Later that year Geffen sold ''Pelorus'' to Sheikh [[Abdullah bin Zayed Al Nahyan|Abdullah bin Zayed bin Sultan Al Nahyan]] for β¬214 million, way below its former price.<ref>{{cite web |title=Superyacht Coral Island |url=https://www.superyachtfan.com/superyacht_coral_island.html |website=Superyachtfan.com}}</ref> During the [[COVID-19 pandemic]], Geffen drew backlash for posting on [[Instagram]] that he and a 45-member crew were self-isolating in the [[Grenadines]] on the ''Rising Sun''.<ref>{{cite news |last1=Liz Flynn |title=A Closer Look at David Geffen's Yacht Rising Sun |url=https://moneyinc.com/david-geffens-yacht-rising-sun/ |access-date=28 March 2020 |work=Money Inc. |quote=45 crew members}}</ref><ref>{{Cite web |last=Yachtfan |first=Peter |title=David Geffen | Net Worth $ 9 billion {{!}} Rising Sun Yacht {{!}} Lurssen |url=https://www.superyachtfan.com/superyacht_rising_sun.html |access-date=April 17, 2020 |website=SuperYachtFan}}</ref><ref>{{Cite news |last=Luscombe |first=Richard |date=March 28, 2020 |title=Billionaire David Geffen criticized for tone-deaf self-isolation post |url=https://www.theguardian.com/us-news/2020/mar/28/billionaire-david-geffen-isolation-coronavirus |access-date=April 17, 2020 |newspaper=The Guardian |via=www.theguardian.com}}</ref><ref>{{Cite web |last=Brown |first=Abram |date=March 28, 2020 |title=Long Live David Geffen, Yachtmaster And New King Of Tone-Deaf Instagram Posts |url=https://www.forbes.com/sites/abrambrown/2020/03/28/long-live-david-geffen-yachtmaster---and-new-king-of-tone-deaf-instagram-posts/ |access-date=April 17, 2020 |website=Forbes}}</ref> Geffen has been ranked the most polluting individual American and second most polluting individual in the world, largely due to his yachts.<ref name="theconversation.com">{{cite web |date=16 February 2021 |title=Private planes, mansions and superyachts: What gives billionaires like Musk and Abramovich such a massive carbon footprint |url=https://theconversation.com/private-planes-mansions-and-superyachts-what-gives-billionaires-like-musk-and-abramovich-such-a-massive-carbon-footprint-152514 |access-date=2 October 2021 |website=[[The Conversation (website)|The Conversation]]}}</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)