David Geffen's entertainment career began with a lie, fabricating family connections to famous people and claiming a college degree, in order to get a job in the William Morris Agency mailroom, but his success is indisputable. Having triumphed three times starting record companies from scratch, backing blockbuster musicals on Broadway (Cats, Dreamgirls), financing extremely successful movies (Risky Business), and co-founding DreamWorks, the boy from a humble corner of Brooklyn sold his first company for $7 million, sold his second for $540 million, and now is worth more than $6 billion. According to Forbes' list last September, he's the 52nd richest person in America. How did he do it? With an uncanny sense of what would be popular, he signed The Eagles, Joni Mitchell, Bob Dylan, Linda Rondstadt, Jackson Browne, John Lennon's comeback album, Asia, Aerosmith, Guns n Roses, XTC, Sonic Youth, Blink-182, Peter Gabriel, Neil Young, Nirvana, and Cher. He's been equally prescient about the art market and in the fall of 2006 he sold a de Kooning for $63 million, a Jasper Johns for $80 million, and a Jackson Pollock for $140 million, the most expensive sale of a painting ever. Ditto, his real estate investments. Hit hard by the death of his friend Studio 54 owner Steve Rubell, Geffen began making multi-million dollar donations to aids foundations in the late 80s, yet he was criticized for remaining in the closet. In 1992, he finally came out. In the years since, his philanthropy has kept pace with his wealth. He gave an unrestricted gift of $200 million to the UCLA medical school. Geffen turns 65 today and still suffers from what he told the New York Times fifteen years ago, when he was fifty:
If Geffen has had one conspicuous failure, it is a personal one: his inability to maintain a long-term relationship. Although Geffen is remarkably candid, he winces and struggles when talking about his current personal life. "I aspire to have a relationship with somebody," he says. "I haven't always been successful at it. But being gay is very different from being straight in the area of relationships. Of course, there are gay people who've had a long-term relationship for 50 years, but they're not the rule. And it's difficult to be in a relationship with someone as well known and wealthy as I am. There's a disparity that works in heterosexual relationships that doesn't work in homosexual relationships."
Balderdash.