David Solomon Net Worth is a topic that sparks considerable interest, especially given his influential roles and diverse talents. As an American investment banker and the CEO of Goldman Sachs, David Solomon has built an impressive career. His current net worth is approximately $200 million. Solomon stepped into the CEO role at Goldman Sachs in 2018 and became the chairman a year later. Before this, he held prominent positions such as the president and chief operating officer. Notably, David Solomon also serves on the board of directors for the Robin Hood Foundation, showcasing his commitment beyond just finance.
Interestingly, outside of his financial endeavors, David Solomon also explores the music realm as an electronic dance music producer under the alias ‘DJ D-Sol.’ His debut single, ‘Don’t Stop,’ dropped in 2018. David has collaborated with celebrated artists like the Black Eyed Peas at various music festivals, both locally and internationally.
What is David Solomon net worth?
| Name | David Solomon |
|---|---|
| Category: | Richest Business › 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 portfolio is bolstered by his ownership of 147,000 shares of Goldman Sachs, alongside 240,000 unvested shares. This amounts to a total of 387,000 shares. When we look at the stock price, ranging from $200 to $450 per share, his stake fluctuates between $80 million and $175 million before taxes. Solomon’s base salary at Goldman is $2 million, but his total earnings, including bonuses and stock compensation, often reach $20-30 million annually. To illustrate, in 2018, his compensation was $23 million, rising to $27.5 million in 2019. However, in 2020, his pay saw a $10 million reduction due to Goldman’s involvement in the 1MDB scandal. His compensation rebounded to $35 million in 2022 and then adjusted to $25 million in 2023.
Real Estate
David Solomon’s real estate ventures reflect his financial acumen. Back in 2005, he acquired an 80+ acre estate in Aspen, Colorado, for $4 million. By 2016, he had listed it for $36 million. Eventually, he split the property into two parcels: one featuring a 13,000-square-foot mansion and another vacant lot. In October 2020, he sold the mansion parcel for $19.5 million and the vacant land for $7 million. Furthermore, in 2016, he listed his New York City apartment in the exclusive San Remo building for $24 million, selling it shortly after for $21 million.
Early Life
David Michael Solomon was born in 1962 in Hartsdale, New York. His parents, Alan and Sandra Solomon, were influential figures in their own rights. David’s educational journey took him to Edgemont Junior-Senior High School and later to Hamilton College, where he earned a Bachelor of Arts in political science and government. Initially rejected by Goldman Sachs for a two-year analyst position, David began his career at Irving Trust, which opened the doors to his future success.
David Solomon’s tenacity shone through at Irving Trust, leading him to Drexel Burnham in 1986. Starting as a paper salesman, he climbed the ranks to become a junk bonds salesman. His expertise in high-yield debt paved his way to Bear Stearns, where he managed the junk bonds division.
Goldman Sachs
By the late 1990s, David Solomon’s path intersected with Goldman Sachs. In 1999, at the age of 37, he joined the firm as a partner, working with the leveraged finance team. His departure from Bear Stearns surprised many, as he was seen as a potential leader there. From 2006 onwards, he led Goldman’s investment banking division, doubling profit margins and significantly boosting sales.
In December 2016, David was appointed president and co-chief operating officer, working alongside Harvey Schwartz. With Schwartz’s resignation in 2018, Solomon became CEO of Goldman Sachs on October 1, 2018.
DJing Career
Beyond his financial success, David Solomon is renowned for his DJing under the moniker DJ D-Sol. His tracks, including the well-received debut single ‘Don’t Stop,’ have garnered millions of streams. His DJing career includes performances in cities like New York, Miami, and the Bahamas.
In 2018, Solomon partnered with Big Beat/Atlantic Records to create Payback Records, with all profits channeled towards initiatives addressing addiction, hunger relief, and COVID-19 challenges.
Performances
David Solomon’s DJ presence extends to prestigious events such as the Electronic Music Awards in Los Angeles in 2017 and a ‘Sports Illustrated’ Super Bowl event in Miami in 2020. His notable performances include a charity event at Hamilton College to address the opioid crisis, alongside DJs like Paul Oakenfold and Galantis.
In 2020, he appeared on the Showtime series ‘Billions’ and performed as an opening act for The Chainsmokers at a charity concert. His appearances continued with performances at Bottle Rock’s silent disco in Napa, California, and at the Lollapalooza music festival, with all proceeds directed to charitable causes.
Discography
David Solomon has released twelve singles, including remixes like Jennifer Lopez’s ‘On My Way’ and collaborations with icons such as Kool & the Gang. His track ‘Don’t Stop’ peaked at #39 on the ‘Billboard’ Dance/Mix Show Airplay chart. ‘Feel Alive’ and ‘Rescue Me’ achieved impressive rankings, reaching #4 on the charts.
Personal Life
David Solomon’s personal life saw changes in 2018 when he separated from Mary Elizabeth Solomon, whom he married in 1989. He has been a trustee at Hamilton College since 2005 and became chairman in 2021. His philanthropic efforts extend to the Robin Hood Foundation, battling poverty in New York City.
The multifaceted life of David Solomon, from banking to DJing, highlights the diverse avenues through which he has established his net worth and made a significant impact. His story is one of resilience, adaptability, and a relentless pursuit of success.
What is David Solomon’s current net worth?
As of 2021, David Solomon’s current net worth is estimated to be around $50 million. This is largely due to his successful career as an investment banker and his current role as the CEO of Goldman Sachs. Additionally, Solomon has also earned a significant amount from his music career as a DJ under the stage name ‘D-Sol.
How did David Solomon make his fortune?
David Solomon made his fortune through a combination of hard work, strategic decision-making, and a keen eye for investment opportunities. He started his career in investment banking and eventually became the CEO of Goldman Sachs, where he oversaw significant growth and profitability. Additionally, Solomon has made successful personal investments in real estate and music production, further contributing to his wealth
What is David Solomon’s salary as CEO of Goldman Sachs?
As of 2021, David Solomon’s salary as CEO of Goldman Sachs is $24 million, which includes a base salary of $2 million and a cash bonus of $22 million. This makes him one of the highest-paid CEOs in the financial industry. Additionally, he also receives stock awards and other benefits as part of his compensation package
How does David Solomon’s net worth compare to other CEOs in the finance industry?
David Solomon’s net worth is estimated at $1.9 billion, making him one of the wealthiest CEOs in the finance industry. However, compared to other top executives in the sector, his net worth is relatively lower. This could be due to his recent appointment as CEO of Goldman Sachs in 2018
What philanthropic causes does David Solomon support with his wealth?
David Solomon, the CEO of Goldman Sachs, supports various philanthropic causes with his wealth. He is a major donor to organizations that focus on education, healthcare, and the arts. He also has a strong commitment to environmental conservation and has donated to several environmental organizations. Additionally, he has been involved in initiatives that promote diversity and inclusion in the workplace. Overall, Solomon’s philanthropy reflects his values of giving back and making a positive impact in society
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