David Gottesman

David Sanford "Sandy" Gottesman (born April 26, 1926)[3][4] is an American businessman and billionaire who founded First Manhattan Co. (FMC).[5]

For other people named David Gottesman, see David Gottesman (disambiguation).
David Gottesman
Born (1926-04-26) April 26, 1926[1]
New York City, New York
NationalityUnited States
Alma materTrinity College, Columbia University, Harvard University (MBA)
OccupationBusinessman, Investor
Known forEarly investor in Berkshire Hathaway
Net worth US $ 2.3 billion
(August 2019)[2]
Spouse(s)Ruth Levy
ChildrenRobert, William, Alice
Parent(s)Esther Garfunkel Gottesman
Benjamin Gottesman
FamilySamuel Gottesman (uncle)

Early life and education

Gottesman was born to a Jewish family in New York City, the son of Esther (née Garfunkel) and Benjamin Gottesman.[6][7] He has two siblings, Milton and Alice.[6] He is a nephew of American pulp-paper merchant, financier, and philanthropist Samuel Gottesman. He received his undergraduate degree from Trinity College and an MBA from Harvard Business School.[7]

Career

Gottesman founded the investment advisory firm First Manhattan Co. in 1964.[4][8] He began a friendship with Warren Buffett in 1962.[4] He was an early investor in Berkshire Hathaway and today owns 16,100 shares (class A), worth $3.5 billion in 2015.[4] He joined the Berkshire Hathaway board of directors in 2003.[4]

Philanthropy

In 2008, Gottesman donated $25 million to the Yeshiva University Medical School.[2] 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.[9]

Personal life

Gottesman lives in Rye, New York with his wife, Ruth (née Levy), to whom he has been married for over sixty years. Ruth has a bachelor's from Barnard College, and a master's degree in Developmental Education and an Ed.D. in Human Cognition and Learning in the area of Educational Psychology both from Teachers College, Columbia University.[10][11] Together, they have three children and seven grandchildren. He is an avid swimmer.[12] Gotteman is a trustee of the Mount Sinai Medical Center and is Vice Chairman and trustee of the American Museum of Natural History.[2]

References
  1. "The World's Billionaires (2010): #655 David Gottesman". Forbes. March 3, 2010. Net worth: $1.5 billion
  2. Forbes: The World's Billionaires - David Gottesman January 2018
  4. "BRK.A on CNBC". CNBC. October 18, 2013. Net worth: $3.0 billion
  5. Schroeder, Alice (2008), "29 (footnote six)", The Snowball: Warren Buffett and the Business of Life, Random House, ISBN 9780553905496
  6. New York Times: "Paid Notice: Deaths GOTTESMAN, ESTHER" October 05, 1997
  7. Forbes Israel: Jewish Billionaires - Profile of David Gottesman April 14, 2013 (in Hebrew)
  8. First Manhattan Co., Business Week
  9. "About the Institute | Stem Cell Biology and Regenerative Medicine", Einstein.yu.edu Retrieved on December 16, 2014.
  10. Albert Einstein College of Medicine Faculty Profile
  11. Inside Philanthropy Magazine: "The Gottesmans: A Billionaire Family That Supports Jewish Organizations" by Ade Adeniji April 19, 2016
  12. My Rye: Rye People: David Gottesman
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