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- The current owner of the Rising Sun yacht is US billionaire David Geffen.
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The Rising Sun Yacht Club is an organization for those individuals interested in all phases of boating and water sports. Our goal is to further the knowledge and enjoyment for the members in water sports and to promote sportsmanship, safety and fellowship in the field of entertainment.
The Rising Sun Yacht Club is a club for boaters in the Rising Sun, Indiana area.
- Key Takeaways
- The Birth of Geffen Records
- The Founding of Dreamworks SKG
- Philanthropy and Net Worth
- The Pelorus Yacht
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David Geffen, has a net worth of $8 billion, primarily from his ventures in the entertainment industry.He founded Geffen Records and co-founded DreamWorks SKG, significantly impacting the music and film sectors.Geffen is an active philanthropist, notably donating to medical research and the arts, including a substantial gift to the University of California, Los Angeles.He is the owner of the Rising Sun yacht, one of the largest and most luxurious in the world (It was initially built for Larry Ellisonand later acquired by Geffen.)In 1970, Geffen created Asylum Records, followed by Geffen Records in 1980. Geffen Records helped launch the careers of legendary bands such as The Eagles, Aerosmith, and Guns N’ Roses. In 1990, the label was sold to MCA Records for a staggering $550 million.
Geffen was also one of the founders of DreamWorks SKG, a live-action and animation film studio established in 1994. Alongside Steven Spielberg and Jeffrey Katzenberg, Geffen raised $33 million each, with an additional $500 million from Microsoft co-founder Paul Allen. The founders agreed to make fewer than nine movies a year, be free to work for ot...
Geffen is also an active philanthropist, supporting medical research, AIDS organizations, and the arts. In 2002, he donated $200 million to the University of California in Los Angeles, which was renamed the David Geffen School of Medicine. Forbes estimates his net worthat $8 billion, and in 2015, he donated $100 million to Lincoln Center to renovat...
Geffen is also known for owning the yacht Pelorus, which he sold to Hong Kong-based billionaire Samuel Tak Lee. However, Geffen currently owns the impressive Rising Sun yacht, which is estimated to be worth over $400 million and boasts luxurious amenities such as a movie theater, spa, wine cellar, and helicopter landing pad. The yacht is 138 meters...
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- February 21, 1943
For example, Larry Ellison, the co-founder of Oracle, owns the Rising Sun, which is the 11th largest superyacht in the world. Other notable owners include Russian billionaire Roman Abramovich and Microsoft co-founder Paul Allen.
With the economic downturn of 2010, Ellison sold his share of Rising Sun, the 12th largest yacht in the world, making David Geffen the sole owner. The vessel is 453 feet (138 metres) long, and reportedly cost over $200 million to build. He downsized to Musashi, a 288-foot (88-metre) yacht built by Feadship.
The Rising Sun Yacht, initially built for Larry Ellison, is now owned by David Geffen. Built by Lürssen and designed by Jon Bannenberg, this 138-meter yacht is among the largest in the world. It features luxurious amenities like a movie theater, spa, wine cellar, and helicopter landing pad.
Dec 15, 2023 · RISING SUN (454 feet) Owned by billionaire entertainment mogul David Geffen *With 16 guests and 42 crew members, this 82-room megayacht holds a gym, basketball court, a wine cellar and a...
