The 50 Wealthiest Angelenos: 6. David Geffen

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THE MONEY: Retired mogul once again presumed to have gained from large investment holdings. Revealed ownership last year of roughly $1 billion in Apple stock, which has since rocketed. Value of DreamWorks Animation shares also rose.

BUZZ: Hollywood’s richest man has been snatching up East Coast properties. Reportedly bought new home in Hamptons for more than $50 million in April, following record-breaking purchase two years ago of $54 million condo in Manhattan. Remains politically active, throwing weight behind Bobby Shriver’s campaign for Los Angeles County supervisor and publicly supporting potential Hillary Clinton presidential run despite famous split with Clintons in 2008. Owner of two of world’s largest private vessels, 377-foot Pelorus and 453-foot Rising Sun. Got start sorting mail at William Morris Agency after dropping out of University of Texas. Founded Geffen Records in 1980; sold to MCA for estimated $750 million. Co-founded DreamWorks SKG studio with Steven Spielberg and David Katzenberg in 1994.

NET WORTH:

$5.9 billion s16%

LAST YEAR: $5.1 billion

AGE: 71

RESIDENCE: Malibu

SOURCE OF WEALTH: Entertainment

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