David Geffen is Hollywood's richest man. Here's how he spends his $8.5 billion fortune, from real estate in the Hamptons and California to his 453-foot superyacht that's hosted Jeff Bezos and the Obamas

Aug 8, 2019, 20:20 IST

Movie and music producer David Geffen is worth an estimated $8.49 billion, making him the richest man in Hollywood, according to Bloomberg's Billionaires Index.

In 1971, he founded music label Asylum Records, where he signed artists like Jackson Browne.

In the 1970s, Geffen had a high-profile relationship with singer Cher.

In the 1980s, Geffen ran his music label, Geffen Records.

With the movie arm of his business, Geffen Pictures, Geffen produced films including "Risky Business," "Beetlejuice," and "Interview with a Vampire."

In 1994, Geffen cofounded movie studio DreamWorks SKG with Steven Spielberg and Jeffrey Katzenberg.

The 76-year-old billionaire owns millions of dollars worth of real estate in California. His primary home is reported to be the sprawling Jack Warner Estate in Beverly Hills.

Geffen owns at least two other homes in Beverly Hills. In the spring of 2019, Geffen picked up a $4.65 million Beverly Hills house next door to one he already owned.

And the billionaire continues to pick up Beverly Hills properties. Just last month, Geffen paid $30 million — for an empty, one-acre lot.

Until a couple of years ago, the billionaire also owned a beach house on Carbon Beach in Malibu, nicknamed "Billionaire's Beach" for the ultra-wealthy residents who have called it home.

Geffen has quite the real-estate footprint in New York as well. He's the owner of two condos, including a 12,000-square-foot triplex penthouse, in the Park Cinq, a luxury Fifth Avenue building near Central Park in Manhattan.

Geffen has quite the real-estate footprint in New York as well. He's the owner of two condos, including a 12,000-square-foot triplex penthouse, in the Park Cinq, a luxury Fifth Avenue building near Central Park in Manhattan.

In the Hamptons, the ritzy vacation destination for New York's elite, Geffen owns a $70 million waterfront mansion.

About two months later, news broke that Geffen had sold another 5.5-acre Hamptons property that he'd bought in 2014 for about $50 million.

Geffen is known for cruising the seas and hosting celebrity guests on his 453-foot superyacht, Rising Sun.

Geffen reportedly had the yacht refitted over a six-month period.

But Rising Sun isn't the only superyacht Geffen has owned. In 2011, less than a year after buying Rising Sun, Geffen snapped up Pelorus, a 377-foot superyacht that he bought for $300 million from Russian billionaire Roman Abramovich.

But Rising Sun isn't the only superyacht Geffen has owned. In 2011, less than a year after buying Rising Sun, Geffen snapped up Pelorus, a 377-foot superyacht that he bought for $300 million from Russian billionaire Roman Abramovich.

Geffen has donated hundreds of millions of dollars to educational institutions, museums, and gay-rights causes.

After he donated $300 million to the University of California, Los Angeles, the university named its medical school after him.

In 2017, Geffen pledged $150 million to the Los Angeles County Museum of Art.

Geffen, who came out as gay at an AIDS charity event in the 1990s, has also donated to AIDS and gay-rights causes.

Geffen has an art collection worth more $2 billion, according to Bloomberg.

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David Geffen is Hollywood's richest man. Here's how he spends his $8.5 billion fortune, from real estate in the Hamptons and California to his 453-foot superyacht that's hosted Jeff Bezos and the Obamas

Movie and music producer David Geffen is worth an estimated $8.49 billion, making him the richest man in Hollywood, according to Bloomberg's Billionaires Index.

In 1971, he founded music label Asylum Records, where he signed artists like Jackson Browne.

In the 1970s, Geffen had a high-profile relationship with singer Cher.

In the 1980s, Geffen ran his music label, Geffen Records.

With the movie arm of his business, Geffen Pictures, Geffen produced films including "Risky Business," "Beetlejuice," and "Interview with a Vampire."

In 1994, Geffen cofounded movie studio DreamWorks SKG with Steven Spielberg and Jeffrey Katzenberg.

The 76-year-old billionaire owns millions of dollars worth of real estate in California. His primary home is reported to be the sprawling Jack Warner Estate in Beverly Hills.

Geffen owns at least two other homes in Beverly Hills. In the spring of 2019, Geffen picked up a $4.65 million Beverly Hills house next door to one he already owned.

And the billionaire continues to pick up Beverly Hills properties. Just last month, Geffen paid $30 million — for an empty, one-acre lot.

Until a couple of years ago, the billionaire also owned a beach house on Carbon Beach in Malibu, nicknamed "Billionaire's Beach" for the ultra-wealthy residents who have called it home.

Geffen has quite the real-estate footprint in New York as well. He's the owner of two condos, including a 12,000-square-foot triplex penthouse, in the Park Cinq, a luxury Fifth Avenue building near Central Park in Manhattan.

In the Hamptons, the ritzy vacation destination for New York's elite, Geffen owns a $70 million waterfront mansion.

About two months later, news broke that Geffen had sold another 5.5-acre Hamptons property that he'd bought in 2014 for about $50 million.

Geffen is known for cruising the seas and hosting celebrity guests on his 453-foot superyacht, Rising Sun.

Geffen reportedly had the yacht refitted over a six-month period.

But Rising Sun isn't the only superyacht Geffen has owned. In 2011, less than a year after buying Rising Sun, Geffen snapped up Pelorus, a 377-foot superyacht that he bought for $300 million from Russian billionaire Roman Abramovich.

Geffen has donated hundreds of millions of dollars to educational institutions, museums, and gay-rights causes.

After he donated $300 million to the University of California, Los Angeles, the university named its medical school after him.

In 2017, Geffen pledged $150 million to the Los Angeles County Museum of Art.

Geffen, who came out as gay at an AIDS charity event in the 1990s, has also donated to AIDS and gay-rights causes.

Geffen has an art collection worth more $2 billion, according to Bloomberg.