Saturday, February 20, 2016

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Brooklyn’s David Geffen Comes Home, With Cash to Spare

Photo A childhood photo of David Geffen on the boardwalk at Coney Island, Brooklyn, as seen in the "American Masters" documentary, "Inventing David Geffen." Credit via PBS, American Masters

At Chookie's Luncheonette in the 1950s, a teenage David Geffen used to hang out with his pals from New Utrecht High School in Brooklyn, drinking egg creams and gizmos, listening to Bobby Darin and Paul Anka on the jukebox.

Mr. Geffen, 73, who later became a billionaire mogul who championed Joni Mitchell and the Eagles and ran a Hollywood film studio with Steven Spielberg and Jeffrey Katzenberg, was a member of the high school drama club and served on the prom committee. Classmates predicted he would campaign for president in 1975. But his most memorable high school moment (or so he wrote in his 1960 senior yearbook) was as chairman of a talent competition.

Tony Visconti, a New Utrecht alumnus and a music producer who worked frequently with David Bowie, was the musical director of "Juniors de Paris," the revue produced by Mr. Geffen. "We were like the Beatles of New Utrecht," Mr. Visconti said. "We were a power team."

Mr. Geffen took care of the budget. "All $15 of it," Mr. Visconti said.

In those days, Mr. Geffen was besotted with show business and the idea of escaping to the Technicolor world of blue skies, beaches and gaudy homes he had seen in Hollywood depictions of California. He couldn't wait to get out of his home borough, he said in an interview he gave for a 2012 "American Masters" documentary, "Inventing David Geffen," and he said he left home the day he graduated from high school.

Photo David Geffen, with extensive ties gained through his years as a music and film executive, moves comfortably amid the stars. Mr. Geffen in West Hollywood, Calif., with Joni Mitchell in 1973. Credit Julian Wasser/The LIFE Images Collection, via Getty Images

Now, after decades spent amassing a $6.5 billion fortune (according to Forbes) as one of the most powerful moguls in Los Angeles, he has sold his house in Malibu (asking price: $100 million) and has come back to New York, where he is expected to give away a large chunk of his fortune.

Mr. Geffen is using his wealth to put his stamp on his home city, much as he did with the music business. He has come a long way from Borough Park, a mostly Italian and Jewish enclave where he lived with his family in a six-story brick apartment building on 15th Avenue.

In 1970, with his business partner Elliot Roberts, Mr. Geffen founded Asylum Records as a safe haven for the musicians he loved; in 1972, he sold it to Warner Communications. He was perhaps the quintessential baby-boom executive, with a casual style, in manner and dress, that matched the Southern California singer-songwriter scene and belied his ability to drive a hard bargain.

"Free Man in Paris," written and recorded by Joni Mitchell for her 1974 album "Court and Spark" (on the Asylum label), was a character sketch of Mr. Geffen in those years, and it captured him in all his contradictions.

In 1980, after an affair with Cher followed by his coming to terms with being gay, Mr. Geffen founded his second label, Geffen Records, which he sold a decade later for $550 million. He co-founded the film studio DreamWorks SKG in 1994. Mr. Geffen left that company for good in 2008, parting ways with his partners Mr. Spielberg a nd Mr. Katzenberg.

Photo From left, Cher, Mr. Geffen, Steve Rubell and Yves St. Laurent in New York in 1978. Credit Ron Galella/WireImage

In recent years he has donated hundreds of millions of dollars to Los Angeles institutions that bear his name, among them the Museum of Contemporary Art Geffen Contemporary gallery and the David Geffen School of Medicine at U.C.L.A. He has also supported AIDS research. But with few ties to connect him emotionally to his adopted city anymore, he is shifting his gaze back to his familial home.

"David got bored with Los Angeles a long time ago," said Tina Brown, the magazine editor and a founder of The Daily Beast, who has known him 25 years.

Last year, before selling his beach-front home, Mr. Geffen sold the Malibu Beach Inn, the luxury hotel he bought in 2005, for almost $80 million. And while he owns a 10-acre estate in Beverly Hills that was commissioned by the movie mogul Jack L. Warner, he spends more time in New York or on his 453-foot yacht (reportedly one of the largest in the world), the Rising Sun.

Photo Quincy Jones, left, and Michael Jackson join Mr. Geffen at a party in Los Angeles in 1982. Credit Brad Elterman/FilmMagic

With no heirs to speak of, he has publicly pledged to give away his fortune. In September, New York began to see tangible results, when Avery Fisher Hall at Lincoln Center became David Geffen Hall. The new name appears prominently in the plaza, the Univers typeface backlit in neon at night, above the main entrance.

The renaming resulted from Mr. Geffen's gift of $100 million, which will cover 20 percent of the estimated cost to renovate the symphony hall, which was built in 1962.

As a philanthropist, Mr. Geffen has shown the same dealmaking skill that served him well as he moved from the mailroom at the William Morris Agency to become a tycoon. In the Lincoln Center deal, he demanded that his name remain on the building in perpetuity. (Avery Fisher's name lasted 42 years, from the time of his $10.5 million donation in 1973 until the recent change. His heirs received $15 million from Lincoln Center to go away.)

"Like men of a certain age, he is looking at his legacy and how he will be remembered," said Diane von Furstenberg, a longtime friend. "There is a maturity when you re alize you are no longer mortal."

Photo Mr. Geffen, second from right, helps unveil David Geffen Hall at Lincoln Center. Credit Christopher Lane/Invision, via Associated Press

Mr. Geffen declined requests to be interviewed, saying in an email, "Write what ever you want." He has kept a low profile since making his 20-room Fifth Avenue penthouse his home base, eschewing the Upper East Side cocktail circuit and charity events. (According to his Facebook page, he has been in a relationship since September.)

He bought a house on Georgica Pond in East Hampton, N.Y., two years ago, which is getting an architectural makeover. And he is in the last throes of renovating his grand apartment, for which he paid $54 million in 2012, with its view, across Central Park, of (what else?) Lincoln Center.

"David doesn't go out a ton," said Graydon Carter, the editor of Vanity Fair, who is a friend. "My guess is that he's just not interested in making new friends. He has a broad circle of friends, and he sticks to that."

Wendi Deng Murdoch, the ex-wife of Rupert Murdoch, has known Mr. Geffen for 15 years and lives nearby on Fifth Avenue. She said she and Mr. Geffen watch first-run movies in his large screening room or take walks in Central Park. They saw "Cabaret" on Broadway last year, she said, and in 2013 attended the Met Ball. For lunch or dinner they go to the Polo Bar or Marea, one of Mr. Geffen's Central Park South haunts.

Ms. Murdoch recalled a conversation with Mr. Geffen about his scrappy upbringing in Brooklyn, where his mother, a seamstress who had emigrated from Ukraine, ran a corset shop and his father, an intellectual with not much taste for work, read a lot but made little money. "He said his clothes never fit him because they bought a size bigger," Ms. Murdoch said.

Mr. Geffen's older brother, Mitchell, a lawyer who attended U.C.L.A., died in 2006. The younger Mr. Geffen wrote in his high school yearbook that he wanted to be a lawyer, like his brother, but he ended up dropping out of college.

As an agent, manager and recor d executive in the early 1970s, he nurtured the careers of Laura Nyro, the Eagles, Jackson Browne and Crosby, Stills, Nash and Young. In the "American Masters" documentary, David Crosby said they hired Mr. Geffen because they wanted a "shark."

His bite was just as fierce when turned on colleagues. In 1983, Geffen Records sued Neil Young, saying he had violated his contract by delivering an album, a rockabilly effort called "Everybody's Rockin'," that was "unrepresentative" of his prior work and "not commercial." (Mr. Geffen later apologized to Mr. Young.) A decade later, Mr. Geffen got into a yearslong legal spat with the Eagles co-founder Don Henley.

In the 1980s, Calvin Klein owned a house in the Pines on Fire Island, which became a summer retreat for waifish models, bronzed adonises and fashion machers on the rise. Mr. Geffen was a regular, photographed by Andy Warhol reclining on a chaise longue in a Speedo. "He would say, 'You get all the beautiful people,'" Mr. Klein said. "'I get all the people who haven't taken a shower.'" Years later, Mr. Geffen bought the house and planted a tall hedge around it.

"I asked David, 'Why did you do that? You are ruining the view,'" Mr. Klein said. "He said he wanted the privacy."

When Mr. Geffen is not in New York, he is often sailing the Caribbean aboard the Rising Sun, seated in a deck chair, legs propped up on an ottoman, reading. He has a voracious appetite for biographies and thrillers. (Ms. Murdoch said he recommended that she read "The Path to Power," the first volume of Robert Caro's four-volume "The Years of Lyndon Johnson.")

He acquired the yacht from the Oracle chief executive Larry Ellison. It is built to accommodate 18 guests and a staff of about 50. Because of its size, it is tracked online by maritime websites (it was recently docked at Carriacou, one of the Grenadine Islands).

Peggy Siegal, the doyenne of New York publicists, had lunch aboard the vessel with Mr. Geffen in St. Barth's over the New Year's holiday. "He likes to greet each guest himself," she said. She was asked to climb several flights of stairs to the top deck, despite the elevator onboard. "He is waiting for you," she said, "arms outstretched, while you are gasping for air."

Simply put: Mr. Geffen imports his own entertainment. Last August, Oprah Winfrey and Gayle King were photographed sunbathing aboard the Rising Sun near Ibiza, along with the record producer Jimmy Iovine and Bob Iger, chief executive of the Walt Disney Co. On another trip, Bruce Springsteen was shoo ting hoops on the ship's full-size basketball court, while Tom Hanks strummed a guitar, friends said. And Ms. Murdoch said she heard Steve Martin sing and play the banjo after supper.

Ms. Brown said, "David enjoys being able to invite the world on his own terms."

Among his favorite guests was Nora Ephron, the writer and film director who died in 2012. "She and David were very close," said the writer Nicholas Pileggi, who was married to Ms. Ephron for 25 years. "They would talk once or twice a day. They were on the same gossip level and knew everything between the two of them."

Ms. Ephron was part camp counselor, part onboard hostess. She planned menus and organized charades after dessert. She set up day trips to port towns and insisted that Mr. Geffen go. "She would order him off the boat and , on some occasions, he would fight," Mr. Pileggi said. "At that moment, he would be in the middle of a book and the last thing he wanted to do was go to town."

"I do think David likes solitude," said Eric Eisner, who has worked with him. "While people are a great source of information for him, they are also a great source of distraction."

On Dec. 31, Mr. Geffen attended a dinner party in St. Barth's given by the Russian billionaire Roman Abramovich and his wife, Dasha Zhukova, on their yacht, Ms. Siegal said. Prince was flown in to play for the large crowd. But by the time the singer finally appeared, Ms. Siegal said, Mr. Geffen had gone back to his own yacht.

The Rising Sun affords the billionaire privacy he may not have otherwise. In 2014, Mr. Geffen filed a restraining order against Jamie Kuntz, a 20-something former college football player from North Dakota, whom Mr. Geffen is said to have briefly dated, according to news reports. Mr. Kuntz was later ordered to stay 200 feet away from the billionaire for 10 years.

On Sept. 24, when a red velvet curtain unfurled to reveal the words "David Geffen Hall," Mr. Geffen, wearing a black suit, greeted guests including Steve Martin, George Lucas, Alec Baldwin, Diane Sawyer and Woody Allen.

Some of them may not have known that the guest of honor was born and raised a subway ride away. "He may see himself as a New Yorker, but we all think of David Geffen as from Los Angeles," said Barbara Walters, who brokered the introduction between Lincoln Center and Mr. Geffen and was seated next to him at the ceremony. "Now, this establishes him in New York."

Critics of the arrangement have characterized Mr. Geffen as a self-aggrandizing interloper, mostly because his donation hinged on the heirs of Avery Fisher capitulating to his demand. The incident even sparked a plotline in an episode of the Showtime drama "Billions," where Bobby Axelrod, the rag s-to-riches financier, makes a similar move to exact revenge on a blue-blood preppy who snubbed him as a boy.

Reynold Levy, the president of the Robin Hood Foundation, who knows Mr. Geffen, said making a donation in exchange for naming rights is nothing new. "It is essentially a form of biography and expression of self," he said. And Mr. Geffen's return home is something he understands. "People born in New York can't shake it," Mr. Levy said. "When they are finished with whatever else they are doing, they want to return."