David Gottesman Ethnicity
David Gottesman is of White descent. Ethnicity is the one that tells the identification of a group based on a perceived cultural distinctiveness.
David Gottesman is a popular American businessman, billionaire, and philanthropist who was born on 26 April 1926.
According to Online Sources, David Gottesman is of White Ethnicity born in New York, United States
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Real Name
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David Gottesman
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Date of birth
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26 April 1926
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Age
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96 years old (At the time of death)
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Birth Place
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New York, United States
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Gender
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Male
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Profession
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American businessman, billionaire, and philanthropist
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Nationality
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American
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Ethnicity
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White
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Who was David Gottesman?
David Sanford "Sandy" Gottesman, born on April 26, 1926, in New York City, was an esteemed American businessman, billionaire, and philanthropist. He achieved prominence as the founder of First Manhattan Co.
(FMC), leaving an indelible mark on the business and investment landscape. Gottesman, who held a Bachelor's degree from Trinity College and a Master's in Business Administration from Harvard University, showcased his acumen sand dedication throughout his career.
A notable aspect of Gottesman's life was his close friendship with the legendary investor Warren Buffett. This association highlighted his standing within financial circles and attested to his business prowess. Gottesman's impact extended beyond his professional achievements, as he also embraced philanthropy, contributing to various causes and making a positive difference in the community.
TRENDING
David Gottesman Career
- After completing his MBA at Harvard Business School, David Sanford "Sandy" Gottesman worked in mergers and acquisitions at Hallgarten & Company for approximately ten years.
- In 1963, he was introduced to Warren Buffett during a Wall Street club lunch by a mutual friend who recognized their shared approach to purchasing value stocks.
- Gottesman and Buffett quickly formed a strong friendship, engaging in regular golf sessions and weekly phone conversations to discuss investment ideas.
- Over the next two years, Gottesman frequently traveled to Omaha, Nebraska, where Buffett lived, to meet and discuss investment strategies into the early hours of the morning.
- In 1964, Gottesman founded the investment advisory firm First Manhattan Co. (FMC).
- He became an early investor in Berkshire Hathaway, and both firms collaborated on Diversified Retailing Co., established by Gottesman, Buffett, and Charlie Munger to acquire private retail companies.
- Diversified Retailing Co. faced challenges, prompting Gottesman to oversee its resale at a minor loss. The company later merged with Berkshire Hathaway in 1978.
- As of March 2021, Gottesman held a substantial investment in Berkshire Hathaway, owning 17,202 class A shares and more than two million class B shares.
- His investment in Berkshire Hathaway proved highly lucrative, with Gottesman stating that there had likely never been a better return on a stock held for 44 years in Wall Street history.
- By 2012, he estimated that his Berkshire Hathaway shares were worth 6,000 times their original value.
- Gottesman joined the Berkshire Hathaway board of directors in 2003, further solidifying his connection to the company and its leadership.
David Gottesman Early Life
- David Sanford "Sandy" Gottesman was born on April 26, 1926, into a Jewish family in New York City.
- His father, Benjamin, worked as a banker and investor, while his mother, Esther (née Garfunkel), played a significant role in acquiring the Dead Sea Scrolls for Israel.
- Through his mother, Gottesman had distant relations to Barrett Visanska, a founder of the Tree of Life Congregation in Columbia, South Carolina.
- He had two siblings, Milton and Alice, and was a nephew of Samuel Gottesman, an American pulp-paper merchant, financier, and philanthropist.
- The family moved to New Rochelle, New York, during Gottesman's childhood.
- After high school, Gottesman joined the US Army and was initially sent to Princeton University for engineering studies before being deployed to the South Pacific theater in 1945.
- Following an honorable discharge from military service, he earned a bachelor's degree from Trinity College.
- Gottesman pursued postgraduate studies at Harvard Business School, graduating with a Master of Business Administration in 1950.
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