David Solomon Net Worth, Biography, Salary, Income, Wife, Age, Height, Weight, and many more details can be checked on this page. David Solomon is an American investment banker, record producer, and DJ who has a net worth of $100 million.
He became the CEO in 2018 and the chairman of the company in 2019. Solomon previously served as president and chief operating officer as well as joint head of the investment banking division.
David Solomon Net Worth
|Net Worth (2022)||$100 million|
|Profession||Chief Executive Officer|
David Solomon net worth and salary: American investment banker, music producer, and DJ David Solomon has a $100 million fortune. In 1962, David Solomon was conceived in Hartsdale, New York. He runs the financial institution, Goldman Sachs, as its CEO.
In 2018, he was appointed CEO, and in 2019 he was named company chairman. Prior to this, Solomon held the positions of president, COO, and co-head of the investment banking business.
David Solomon is the stage name used by David Solomon, a hobbyist producer of electronic dance music. In 2018, we saw the release of “Don’t Stop,” his first single.
Solomon is on the Robin Hood Foundation’s board of directors. He paid $4 million for an estate in Aspen, Colorado in 2004 and listed it for $36 million in 2016.
He also marketed his New York City condo for $24 million in 2016. In 2018, his personal assistant stole about 500 bottles of his unique wine collection, which was worth about $1.2 million.
David Solomon Biography
American investment banker David Solomon was born in 1962 in Hartsdale, New York. He is now the CEO of Goldman Sachs, a position he has held since October 2018.
Additionally, he has served as the bank’s chairman since January 2019. From January 2017 to September 2018, Solomon served as president and chief operating officer.
From July 2006 until December 2016, he shared leadership of the investment banking division. From January 2017 to September 2018, Solomon served as CEO.
On October 1, 2018, Solomon officially took over as CEO in place of the retiring Lloyd Blankfein. After Blankfein’s departure, Solomon was designated chairman.
In his spare time, Solomon (formerly known as DJ D-Sol) produces electronic dance music (EDM) tracks under the moniker David Solomon.
He has performed at clubs and music events in New York, Miami, and the Bahamas.
|Real Name/Full Name||David Michael Solomon|
|Nick Name/Celebrated Name||David Solomon|
|Birth Place||Hartsdale, New York, United States|
|Date Of Birth/Birthday||1962|
|Age/How Old||64 years|
|Profession||Chief Executive Officer|
|Hometown||Hartsdale, New York|
|Record labels||Big Beat Records, Payback Records, Crowd Records|
|Genre||Electronic dance music, Electro house, Synth-pop, Dance-pop, Dance/Electronic, Rock|
|Educational||Hamilton College, Edgemont Jr./Sr. High School|
|Net Worth||$100 million|
David Solomon Career
In 1986, he started working for Drexel Burnham after leaving Irving Trust. He started off at Drexel Burnham, selling commercial paper before switching to trash bonds.
His involvement with Bear Stearns was triggered by his exposure to high-yield debt. He was in charge of managing the junk bond division and marketing higher-risk bonds at Bear Stearns.
He once helped a failing Dallas, Texas, movie theatre firm secure money through a “complex bond transaction.”
He spent the latter half of the 1990s working with a number of Goldman Sachs managers, which encouraged him to join the company in 1999 at the age of 37 to join their leveraged finance division as a partner.
His departure from Bear Stearns “shocked” his colleagues since they thought he was “on the leadership track at Bear.”
He was elevated to the position of division head of Goldman’s investment banking in 2006, where he served for the following ten years.
In order to “throw everyone off” in a meeting where suits were required, he secured the initial public offering (IPO) of LuLulemon Athletica in July 2007 while dressed in a maroon blazer and sweatpants, a sample of the brand’s clothes.
In order to “filter out under-performers,” he organized “year-end compensation roundtables” where he would grill the executives with inquiries regarding their corporate strategies.
After his departure, the investment banking division was credited as being more professional, with profit margins increasing from 11% to 22% and sales increasing by 70%.
He received an offer from Drexel Burnham client Sheldon Adelson in April 2014 to give Solomon operational authority over the Las Vegas Sands casinos.
Adelson “wasn’t willing to give up day-to-day authority, and didn’t want to be an understudy,” according to Solomon, who turned down the offer.
Goldman Sachs did not disclose Solomon’s complete compensation package, but according to SEC and IRS filings, he received a base salary of $1.85 million and a restricted stock award of roughly $10 million in January 2015.
In December 2016, Solomon and Harvey Schwartz were promoted to president and co-chief operating officer after Gary Cohn left Goldman to become the then-President of the United States, Donald Trump.
In a series of interviews in October 2017, Solomon provided advice for students and potential Goldman workers in a series of interviews: be proficient in accounting; know how to write and talk in public, and never lose sight of your passions.
Programmer pay has been raised, dress rules have been relaxed, computer systems have been improved, video interviews have been implemented, and a “real-time performance assessment” system for new hires has been developed at the bank thanks to Solomon’s leadership.
In January 2017 and January 2018, Solomon earned a compensation package of $11.85 million. Solomon reportedly owns 224,030 (0.05%) of the Goldman Sachs Group (GS) shares, which were valued at $58 million in January 2018.
Solomon received about $27.5 million in March 2020. This was made up of his $2 million basic salary, which made up his base compensation, and a $7.65 million cash bonus. He also received a long-term incentive payment of $17.85 million on top of that.
Under the name “David Solomon,” Solomon works frequently as a DJ and creates a range of electronic dance music (EDM). He has given performances at music festivals and nightclubs in New York, Miami, and the Bahamas.
Solomon keeps a blog for his music production endeavors at “@davidsolomonmusic” on Instagram.
He released a rendition of Fleetwood Mac’s song “Don’t Stop” in June 2018. The song debuted on Sirius XM’s BPM: Electronic Dance Music Hits in January of the prior year.
The “Happy Summer Beats” playlist on Spotify, which has 263,361 subscribers, included “Don’t Stop.”
His debut single has received 8 million plays on Spotify, where his profile has 550,000 monthly listeners.
Solomon started a SoundCloud account soon after his debut album was released, where he shares concert performances and extended musical sets.
In November 2020, “Someone Like You,” his most recent single, reached its peak position at #4 on the Billboard Dance Club Chart.
David Solomon Family
|Wife/Spouse||Mary Solomon (m. 1989)|
David Solomon Personal life
Solomon has Jewish ancestry. In 1989, at the age of 27, he wed Mary Elizabeth Solomon in Bernardsville, New Jersey.
In early April 2018, they got divorced. He has been a resident at The San Remo on Manhattan’s Upper West Side since 2002.
In May 2016, he put the apartment up for sale at $24 million. He paid $4 million in 2004 for a 13,000-square-foot mansion in Aspen, Colorado, then marketed it for $36 million in July 2016.
Since 2005, Oliver has been a member of the Hamilton College board of trustees. He was chosen to lead the board as of July 1, 2021.
He serves on the board of the Robin Hood Foundation, a nonprofit that works to address issues brought on by poverty in New York City.
David Solomon Social Media Accounts
Frequently Asked Questions
What is David solomons Net worth?
It is estimated that David Solomon Net Worth is $100 Billion.
Is David Solomon married?
Mary Solomon/ Spouse (m. 1989)
How old is David Solomon?
The age of David Solomon is 64 years (1962).
When did David Solomon become CEO?
How much does Solomon make?