David Gottesman, an American entrepreneur and investor, has made a significant impact on the financial world. With his astute investment decisions and close association with Warren Buffett, Gottesman has amassed a substantial net worth.
In this article, Covemarkets will delve into David Gottesman net worth and salary in 2023, explore why he is famous, provide an overview of his life and career, touch upon his personal life, and much more.
|Full Name:||David Sanford Gottesman|
|Popular Name:||David Gottesman|
|Birth Date:||April 26, 1926- September 28, 2022|
|Parents:||Benjamin Gottesman and Esther Garfunkel|
|Siblings:||Milton and Alice|
|Birth Place:||New York City, USA|
Bachelor’s degree from Trinity College, Master of Business Administration from Harvard Business School
|Wife/Spouse:||Ruth Levy Gottesman|
|Children:||Robert, William, and Alice|
|Net Worth:||$2.9 billion (as of June)|
|Source of Wealth:||
Business, specifically his investment advisory firm First Manhattan Co. and early investments in Berkshire Hathaway
What is David Gottesman Net Worth and Salary in 2023?
As of 2023, David Gottesman’s net worth stands at an impressive $2.9 billion, according to the Bloomberg Billionaires Index. This substantial wealth places him among the wealthiest individuals in the world. Gottesman’s financial success can be attributed to his early investment in Berkshire Hathaway, where he currently owns 16,100 shares (class A), valued at $3.5 billion in 2015.
Why is David Gottesman Famous?
David Gottesman rose to fame through his close friendship and business partnership with Warren Buffett, one of the most renowned investors of our time. Their association began in the 1960s when they discovered their shared investment approach of buying undervalued stocks.
Gottesman’s keen eye for value, coupled with Buffett’s unparalleled knowledge, led to numerous lucrative deals and investments. Their collaboration propelled Gottesman into the spotlight, earning him recognition as a financial titan.
David Gottesman Overview
David Gottesman was born on April 26, 1926, and passed away on September 28, 2022, in New York City, into a Jewish family. His father, Benjamin, worked as a banker and investor, instilling in young David a passion for finance and investment from an early age.
Growing up in the bustling city, Gottesman witnessed firsthand the power of wealth and the opportunities it could bring.
After high school, he joined the US Army and was sent to Princeton University to study engineering before being deployed to the South Pacific battlefield in 1945. He earned a bachelor’s degree from Trinity College after returning from military service with an honorable discharge.
He then pursued postgraduate study at Harvard Business School, where he earned a Master of Business Administration degree in 1950.
Career and Awards
David Sanford Gottesman, a notable figure in the world of finance and investment. A Harvard Business School graduate, Gottesman co-founded the investment firm First Manhattan Co., which was an early investor in Berkshire Hathaway.
Gottesman’s career began at Hallgarten & Company, where he worked in mergers and acquisitions for around a decade. In 1963, he was introduced to Warren Buffett at a Wall Street club lunch by a mutual friend, who recognized their identical approach of purchasing value stocks.
They soon became good friends, playing golf with each other and having conversations every Sunday night over the phone about which stocks to invest in.
Over the next two years, Gottesman travelled often to Omaha, Nebraska, where Buffett resided, to meet during the later part of the day and discuss ideas into the early hours of the morning, with Gottesman frequently returning to New York on red-eye flights.
In addition to his successful career, Gottesman was also recognized for his contributions to the industry. He received a Lifetime Achievement Award from Nashua Bar in 2018. His net worth was about $2.9 billion as of June, according to the Bloomberg Billionaires Index.
Outside of his professional life, Gottesman was known for his philanthropic efforts. In 2008, he donated $25 million to the Albert Einstein College of Medicine. This gift was used to form the Ruth L. and David S. Gottesman Institute for Stem Cell Biology and Regenerative Medicine, which operates as a stem cell research center.
He and his wife also funded the Train Track Park’s bicycle path around Jerusalem. The Gottesman Hall of Planet Earth at the American Museum of Natural History is named in their honor.
David Gottesman’s legacy continues to live on through his family and his contributions to the world of finance and philanthropy.
Gottesman died on September 28, 2022, at the age of 96, in his house in Rye.
As of now, there is no information available about David Gottesman’s social media accounts.
FAQs about David Gottesman
What is David Gottesman’s most significant investment?
One of David Gottesman’s most significant investments was his early stake in Berkshire Hathaway. Owning 16,100 shares (class A) in the company, valued at $3.5 billion in 2015, contributed significantly to his net worth.
What notable investments has David Gottesman been involved in?
While David Gottesman is not as publicly known for specific investments as some other investors, he has had a successful career in the finance industry, building First Manhattan Co. into a respected investment advisory firm.
What is First Manhattan Co.?
First Manhattan Co. is an investment advisory firm founded by David Gottesman in 1964. The firm provides personalized investment advice to clients and manages portfolios across various asset classes.
David Gottesman’s journey from a young boy in New York City to a billionaire investor is nothing short of remarkable. His close association with Warren Buffett and his astute investment decisions have propelled him to great heights in the financial world. With a net worth of $2.9 billion in 2023, Gottesman’s legacy as a financial titan is secure.
Beyond his professional achievements, he will be remembered for his dedication to his family and his unwavering pursuit of value in the investment world. David Gottesman’s story serves as an inspiration to aspiring entrepreneurs and investors worldwide. Thank you for reading.
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