The Richest People In America: David Geffen

#49 David Geffen

$6.5 billion
Source: movies, music

Hollywood's richest man cashed in on soaring art market. Sold classic drip painting by Jackson Pollock for $140 million in 2006, believed to be the largest sum ever paid for single piece. Also unloaded a Jasper Johns, Willem de Kooning. Loves cash: claims to have moved most of his fortune out of the markets before turmoil struck last summer. U. of Texas dropout sorted mail at famed William Morris Agency. Founded Asylum Records 1970, then Geffen Records. Launched DreamWorks with partners Jeffrey Katzenberg, Steven Spielberg in 1995. Democrat ditched the Clintons for Obama.

Complete List The Richest People In America

Related Posts by Category