After a brief appearance as an extra in the 1961 film The Explosive Generation, Geffen began his entertainment career in 1964 as a mailroom clerk at the William Morris Agency (WMA), where he quickly became a talent agent.[7] He learned about showbiz politics while reading the memos he delivered between agents.[8] In order to obtain the talent agent job, he had to prove he was a college graduate. As he later reported in an interview, he claimed in his job application at WMA that he had graduated from the University of California at Los Angeles (UCLA). Because he worked in the mailroom, Geffen was able to intercept a letter from UCLA to WMA which stated that he had not graduated from UCLA. He modified the letter to show that he had attended and graduated, then submitted it to WMA.[9] His colleagues in the mailroom included Elliot Roberts, who later became Geffen's partner at Asylum Records.
Geffen co-founded Asylum Records in 1971 with Elliot Roberts after Geffen was unable to get Jackson Browne a record deal anywhere else. The name Asylum was chosen because of the owners' reputations for signing artists who would struggle to find a record company that would contract with them. The label was distributed by Atlantic Records at this time. Asylum became a generator of the Southern California folk-rock sound and signed artists such as Eagles, Joni Mitchell, Bob Dylan, Tom Waits, Linda Ronstadt, Warren Zevon, Judee Sill, and J.D. Souther. Later in the 1970s Geffen left Asylum, which was later acquired by Atlantic's parent company, Warner Communications, and merged with Elektra Records in 1972 to become Elektra/Asylum Records. The label was revived in 2004 as an urban music operation, signing hip-hop artists such as Waka Flocka Flame, Cam’ron, Gucci Mane, Paul Wall, Mike Jones and Bun B.[13]
Geffen remained in charge until December 1975, when he went to work as vice chairman of Warner Bros. film studios.[14] He then retired and in 1977 was informed (erroneously) that he had cancer.[15] During his retirement period he spent a short time (the fall of 1978 and spring of 1979) teaching a noncredit seminar on the music industry and arts management at Yale University, where he featured classroom guests Jackson Browne and Paul Simon.[16] In 1980 a new medical diagnosis revealed the error in the original diagnosis[17] and Geffen was given a clean bill of health, whereupon he decided to return to working in the entertainment industry.
Geffen Records
In 1980, he founded Geffen Records and recruited Warner Bros. Records executive Ed Rosenblatt as president. The Geffen label's meteoric rise to prominence within the year proved a bittersweet success. Geffen's first artist to sign on was Donna Summer, who was anxious to leave Casablanca/PolyGram Records.[18] Geffen shortly after released her The Wanderer album, the lead single of which reached No. 3 on the Billboard Hot 100, and the album certified gold. Casablanca countered by releasing more singles off her 1979 Bad Girls album such as the song Walk Away and a similarly named hits compilation to compete, but by then New Wave sound was dominating the airwaves.[19]
The label had been distributed by Warner Bros. Records since its inception, but in 1990 the label was sold to MCA Records with Geffen receiving shares in MCA worth $550 million.[20] A year later, Matsushita Electric acquired MCA and paid Geffen $670 million.[20] Geffen continued to run the label before leaving Geffen Records in 1995.[21] The Geffen label is today part of the Interscope-Geffen-A&M division of MCA's successor, Universal Music Group, formed as the result of the 1999 merger between the MCA and PolyGram families of labels.[22]
Until 2017, Geffen owned a Malibu compound on Carbon Beach.[24] In 1983 Geffen received permits from the California Coastal Commission to build a Cape Cod-style compound over multiple beachfront lots in exchange for creating a public pathway to the beach. He failed to build that pathway, and in 2002, filed a lawsuit to block public access altogether.[25][26] After a protracted three-year legal battle, Geffen reached a settlement with the Coastal Commission, granting the public a nine-foot-wide easement to the beach and reimbursing the state and non-profit groups $300,000 in legal fees.[27] The pathway was opened on May 30, 2005, to national and international media coverage.[28][29][30] The controversy has been called the "most famous Malibu battle" for beach access.[31] The Coastal Commission later contacted the state transportation department without receiving a response to ask if the curb cuts that prevented public parking were valid, amid rumors that Geffen had installed four fake garage doors.[32][33]
In 1995, he donated $5 million towards UCLA's Westwood Playhouse. The theater was renamed the Geffen Playhouse.[35][36]
According to Forbes ("The 400 Richest Americans of 2004") and other sources, Geffen has pledged to give whatever money he makes from now on to charity, although he has not specified which charities or the manner of his giving. In 2002, he announced a $200 million unrestricted endowment for the School of Medicine at UCLA. The School thereafter was named David Geffen School of Medicine at UCLA. On December 13, 2012, UCLA announced that Geffen had donated another $100 million in addition to his 2002 donation of $200 million, making him the largest individual benefactor for the UC system.[37] The latest donation funds the full cost of attendance for up to 30 students per year, beginning with the Class of 2017.
In 2015, Geffen pledged $100 million toward renovation of what was then called Avery Fisher Hall, part of Lincoln Center for the Performing Arts in New York. His gift, which amounted to about 20% of the hall's renovation costs, gave him naming rights in perpetuity over the building, now known as David Geffen Hall.[38]
In December 2020, Geffen pledged to donate $46 million to the UCLA medical school, which is named after him.[39]
In June 2021, Geffen gave $150 million to the Yale School of Drama. This gift allowed the drama school to eliminate tuition for all students enrolled in master’s, doctoral, and certificate programs. The school was renamed the David Geffen School of Drama at Yale University.[40]
In September 2021, Columbia Business School announced that David Geffen had made a gift of $75 million to support the school's new facilities in the Manhattanville neighborhood, north of Columbia's main campus. In recognition of his donation, the East Building will be renamed David Geffen Hall when opened in 2022.[41][42]
Politics
Geffen is a donor to Democratic Party candidates and organizations, and was an early financial supporter of President Bill Clinton. In 2001, he had a quarrel with the former president over Clinton's decision not to pardon Leonard Peltier, on whose behalf he had lobbied the President.[43]
Geffen was an early supporter of Barack Obama’s presidential campaign and raised $1.3 million for Obama in a Beverly Hills fundraiser.[44]
Geffen, among other wealthy Democrats, donated to the Lincoln Project, a Republican-led super PAC that opposed the re-election of Donald Trump and the Republican Senators who supported Trump in the 2020 election.[48]
Geffen is the subject of several books, most recently The Operator: David Geffen Builds, Buys, and Sells the New Hollywood (2001) by Tom King, who initially had Geffen's cooperation, but later did not. An earlier biography was The Rise and Rise of David Geffen (1997) by Stephen Singular. He is also a featured character in Mailroom: Hollywood History From The Bottom Up by David Rensen, in Mansion On The Hill by Fred Goodman, in Hotel California by Barney Hoskyns, and in several books about Michael Ovitz.
He was the subject of an American MastersPBS television documentary titled Inventing David Geffen. The documentary was directed by Susan Lacy and was first broadcast on 20 November 2012.[6] In the first series of The West Wing, the actor Bob Balaban played a character reported to be a thinly-veiled version of Geffen, as he pressured a sitting President to come out more strongly for Gay rights in America.[54]
Personal life
As of October 2023, Geffen has an estimated net worth of $9.1 billion, making him one of the richest people in the entertainment industry.[55]
Geffen was initially defensive about his sexuality. During the 1970s he dated Cher and spent 18 months in a relationship with her. Eventually, Cher left him for Gregg Allman.[56][57] Geffen eventually came out as gay in 1992. In May 2007, Out magazine ranked Geffen first in its list of the fifty "Most Powerful Gay Men and Women in America".[58]
His older brother Mitchell (born Mischa) Geffen (1933–2006) was an attorney who attended UCLA Law School[59] and later settled in Encino, California. Mitchell Geffen fathered two daughters, who are David's closest surviving relatives.
In February 2020, Geffen sold his Beverly Hills estate to 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.[60] In June 2020, Geffen purchased Casey Wasserman's Beverly Hills estate for $68 million.[61]
Wealth-X reported in June 2013 that Geffen owns the most valuable private art collection in the world, and estimated its worth at $1.1B at the time.[65]
In February 2016, Bloomberg News reported that Geffen had sold De Kooning's 1955 oil painting, Interchange, for $300 million, and Pollock's 1948 painting, Number 17A, for $200 million, both to hedge fund billionaire Ken Griffin.[66]
Yachts
In 2007, Geffen bought a half-share in friend Larry Ellison's luxury yachtRising Sun, then at 138 metres (453 ft) the sixth largest motor yacht in the world.[67] After Ellison ordered a new and more compact 91 metres (299 ft) yacht, he sold his remaining half share in Rising Sun to Geffen in 2010.[68]
In 2009, Russian billionaire Roman Abramovich agreed to a divorce settlement with his wife Irina that resulted in her taking ownership of the 115-metre (377 ft) yacht Pelorus. Approached on Geffen's behalf by broker Merle Wood, Geffen bought Pelorus in 2011 for $300 million.[69][70] Later that year Geffen sold Pelorus to Sheikh Abdullah bin Zayed bin Sultan Al Nahyan for €214 million, way below its former price.[71]
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