David Solomon Net Worth is a topic of considerable interest, given his prominent roles in both finance and music. As of now, David Solomon, an American investment banker and DJ, boasts a net worth of $200 million. Serving as the CEO of Goldman Sachs since 2018 and its chairman since 2019, Solomon has a long history with the firm, having held positions such as president and COO. He is also a board member of the Robin Hood Foundation.
Beyond his finance career, David Solomon is recognized in the music world as DJ D-Sol, producing electronic dance music. His debut single ‘Don’t Stop’ was released in 2018, and he has performed with popular acts like the Black Eyed Peas at major events worldwide.
What is David Solomon net worth?
| Name | David Solomon |
|---|---|
| Category: | Richest Business โบ Wall Street |
| Net Worth: | $200 Million |
| Salary: | $25 Million |
| Birthdate: | 1962 (63 years old) |
| Birthplace: | Hartsdale, New York, U.S. |
Goldman Salary & Stock Holdings
David Solomon’s financial influence extends through his substantial holdings at Goldman Sachs. He personally owns 147,000 shares, with an additional 240,000 unvested shares, totaling 387,000 shares. With share prices ranging from $200 to $450, his stake is valued between $80 million and $175 million. While his base salary at Goldman is $2 million, when bonuses and stock options are considered, his annual earnings typically range from $20-30 million. In 2018, he earned $23 million; by 2022, his compensation rose to $35 million, although it adjusted to $25 million in 2023 due to various company circumstances.
Real Estate Ventures
David Solomon has made notable investments in real estate. In 2005, he purchased a vast estate in Aspen, Colorado, for $4 million. By 2020, he sold this property, which he had divided into two parcels, for a combined total of $26.5 million. Additionally, in 2016, he sold his New York City apartment in the exclusive San Remo building for $21 million.
Early Life and Career
Born in 1962 in Hartsdale, New York, David Solomon is the son of Alan and Sandra Solomon. Raised in Scarsdale, he attended Edgemont Junior-Senior High School and later graduated from Hamilton College with a degree in political science. Initially rejected by Goldman Sachs for an analyst position, Solomon began his career at Irving Trust and later moved to Drexel Burnham and Bear Stearns, focusing on high-yield debt and bonds, before joining Goldman Sachs in 1999.
Rise at Goldman Sachs
David Solomon’s career at Goldman Sachs began as a partner in 1999, working with the leveraged finance team. His leadership skills quickly became evident, and by 2006, he was leading the investment banking division, significantly increasing profitability and sales. By 2018, he was named CEO, further solidifying his influence in the financial sector.
DJing Career and Contributions
David Solomon’s alter ego, DJ D-Sol, is well-known in the electronic music scene. His music, including singles like ‘Don’t Stop,’ has attracted millions of listeners. Through Payback Records, a label he co-founded, Solomon contributes all proceeds to charity, focusing on addiction and hunger relief, and COVID-19 efforts. His performances include prestigious events like the Electronic Music Awards and the Super Bowl, sharing stages with famous artists.
Music Contributions and Performances
David Solomon has made significant contributions to the music industry, with performances at major events like the Electronic Music Awards and charity events. His collaborations, including opening for the Chainsmokers and performing at Lollapalooza, have all supported charitable causes, underscoring his commitment to giving back through music.
Discography and Achievements
With a discography of twelve singles, David Solomon has made a mark on the music charts. Notably, his track ‘Feel Alive’ reached #4 on the Billboard charts, showcasing his talent and appeal in the dance music scene. His work continues to inspire and entertain, with proceeds benefitting various charitable initiatives.
Personal Life and Philanthropy
David Solomon’s personal life includes his previous marriage to Mary Elizabeth Solomon, which ended in 2018. He remains actively involved in philanthropy, serving on Hamilton College’s board of trustees and chairing since 2021. His commitment extends to the Robin Hood Foundation, where he plays a significant role in combating poverty in New York City.
What is David Solomon’s estimated net worth?
David Solomon’s estimated net worth is approximately $100 million. He is the CEO of Goldman Sachs and has a successful career in finance and investment banking. His net worth is a result of his high salary, bonuses, and investments. He is also known for his philanthropic efforts and has donated millions to various charities
How did David Solomon become so wealthy?
David Solomon became wealthy through his successful career in finance, particularly as the CEO of Goldman Sachs. He also has investments in various industries and is known for his entrepreneurial mindset. Additionally, he has a strong work ethic and is constantly seeking new opportunities for growth and success
What is David Solomon’s salary as CEO of Goldman Sachs?
As of 2021, David Solomon’s salary as CEO of Goldman Sachs is $17.5 million. This includes a base salary of $2 million, a cash bonus of $7.65 million, and stock awards worth $7.85 million. Additionally, he has the potential to earn even more through performance-based incentives. This compensation package reflects his role as the leader of one of the world’s largest investment banks and his successful track record in driving growth and profitability for the company
How does David Solomon’s net worth compare to other top CEOs?
David Solomon, CEO of Goldman Sachs, has a net worth of $1.2 billion, making him one of the wealthiest CEOs in the world. This places him in the same league as other top CEOs such as Jeff Bezos and Warren Buffett. However, Solomon’s net worth is significantly lower compared to tech titans like Elon Musk and Mark Zuckerberg
What investments or business ventures contribute to David Solomon’s net worth?
David Solomon’s net worth is primarily attributed to his successful career in the financial industry, specifically as the CEO of Goldman Sachs. Additionally, he has made investments in various companies and has a stake in a music production company. His involvement in these ventures has contributed to his impressive net worth of over $100 million
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