NET WORTH: $11.8 billionAGE: 77RESIDENCE: Beverly HillsSOURCE OF WEALTH: Entertainment, investmentsLAST YEAR: $9.2 billionCHANGE: +28%THE MONEY: Geffen’s fortune comes mostly from investments he made when he cashed out of the music business by selling Geffen Records in 1990. His most valuable known assets are his stock in Apple Inc., now valued at about $6 billion, and an art collection that ranks among the world’s most important and includes works by Mark Rothko and Jackson Pollock. A strong patron of the arts in Los Angeles and New York, Geffen’s $25 million gift funded the 1,000-seat Geffen Theater, a centerpiece of the soon-to-open Academy Museum of Motion Pictures.THE BUZZ: In December 2019, Geffen made yet another gift to UCLA, this time a $46 million scholarship fund for medical students. In total, the former entertainment executive has donated more than $450 million to UCLA. The university named its medical school for him following a $200 million gift in 2002. In February, Geffen sold the Jack Warner Estate in Beverly Hills to Amazon.com Inc. founder Jeff Bezos for $165 million. Geffen then bought a $65 million Beverly Hills estate from Casey Wasserman. Geffen also reportedly added to his art holdings, purchasing a David Hockney work for $30 million earlier this year.