David Gottesman Race
David Gottesman is of white descent. Ethnicity refers to attributes that identify a group based on perceived cultural distinctiveness.
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David Gottesman is a famous American businessman, billionaire and philanthropist who was born on April 26, 1926.
According to online information, David Gottesman is white and was born in New York, USA
|
Real name |
David Gottesman |
|
Date of Birth |
April 26, 1926 |
|
age |
96 years old (at the time of death) |
|
place of birth |
New York, USA |
|
gender |
male |
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Profession |
American businessman, billionaire and philanthropist |
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Country of Citizenship |
American |
|
Race |
White |
Who is David Gottesman?
David Sanford “Sandy” Gottesman, born on April 26, 1926 in New York City, is a respected American businessman, billionaire, and philanthropist who rose to fame as the founder of First Manhattan Company.
(FMC), leaving an indelible mark on the world of business and investing. With a bachelor’s degree from Trinity College and an MBA from Harvard University, Gottesman has demonstrated his acumen and dedication throughout his career.
One notable aspect of Gottesman’s life is his close friendship with legendary investor Warren Buffett. This relationship highlights his stature in the financial world and demonstrates his business prowess. Gottesman’s influence is not limited to his professional achievements, he is also passionate about philanthropy, contributing to various causes and bringing positive changes to the community.
David Gottesman’s acting career
- After earning his MBA from Harvard Business School, David Sanford “Sandy” Gottesman worked in mergers and acquisitions at Hallgarten & Company for about a decade.
- In 1963, a mutual friend introduced him to Warren Buffett at a Wall Street Club lunch and learned that the two shared the same idea of buying value stocks.
- Gottesman and Buffett quickly developed a close friendship, playing golf regularly and discussing investment ideas on the phone each week.
- Over the next two years, Gottesman frequently traveled to Omaha, Nebraska, where Buffett lived, to meet with them and discuss investment strategies until the early morning hours.
- In 1964, Gottesman founded the investment consulting firm First Manhattan Corporation (FMC).
- He became an early investor in Berkshire Hathaway, and the two companies partnered to create Diversified Retail, the company founded by Gottesman, Buffett and Charlie Munger to acquire private retail companies.
- Diversified Retail faced challenges, forcing Gottesman to oversee its resale at a small loss. The company later merged with Berkshire Hathaway in 1978.
- As of March 2021, Gottesman holds a large investment in Berkshire Hathaway, owning 17,202 Class A shares and more than 2 million Class B shares.
- His investment in Berkshire Hathaway has paid off handsomely, with Gottesman saying there has probably never been a better return on a stock held for 44 years in the history of Wall Street.
- By 2012, he estimated that his Berkshire Hathaway stock was worth 6,000 times its original value.
- Gottesman joined Berkshire Hathaway’s board of directors in 2003, further solidifying his ties to the company and its leadership.
David Gottesman’s Early Life
- David Sanford “Sandy” Gottesman was born on April 26, 1926, into a Jewish family in New York City.
- His father, Benjamin, was a banker and investor, while his mother, Esther (née Garfinkel), was instrumental in Israel’s acquisition of the Dead Sea Scrolls.
- Through his mother, Gottesman is distantly related to Barrett Wisanska, founder of the Tree of Life Church in Columbia, South Carolina.
- He has two siblings, Milton and Alice, and is also the nephew of American pulp and paper businessman, financier, and philanthropist Samuel Gottesman.
- During Gottesman’s childhood, his family moved to New Rochelle, New York.
- After graduating from high school, Gottesman joined the United States Army and was initially sent to Princeton University to study engineering before being deployed to the South Pacific Theater in 1945.
- After his honorable discharge, he received a bachelor’s degree from Trinity College.
- Gottesman pursued graduate studies at Harvard Business School, where he received his MBA in 1950.
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