David Sanford “Sandy” Gottesman was a philanthropist, industrialist, and billionaire from the United States. It was well-known that he established First Manhattan Co. (FMC) and maintained a close relationship with Warren Buffett.
Gottesman was born on April 26, 1926, in New York City, to a Jewish family. Benjamin, the father, was an investor and financier, while Esther (née Garfunkel), the mother, was instrumental in acquiring the Dead Sea Scrolls for Israel.
Barrett Visanska, a Polish immigrant and the progenitor of the Tree of Life Congregation in Columbia, South Carolina, and in whose honor the Visanska Starks House is named, was among his remote relatives via his mother. Alice and Milton were his siblings. Furthermore, he bore the nephewly kinship of Samuel Gottesman, an American pulp-paper merchant, financier, and philanthropist.
What is the Net Worth of David Gottesman?
American businessman David Gottesman is worth a whopping $1.8 billion. David Sanford “Sandy” Gottesman was born in New York on April 26, 1926, into a Jewish family. He gained his riches by serving as an investment advisor for numerous projects.
After completing his studies at Trinity College and earning an MBA from Harvard University, Gottesman founded First Manhattan Co. in 1964 as an investment advice firm. The business specializes in offering institutional clients, partnerships, trusts, individuals, and retirement accounts investment management services.
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Philanthropy Work Done by David Gottesman
Gottesman made a $25 million contribution to the Albert Einstein College of Medicine in 2008. The Ruth L. and David S. Gottesman Institute for Stem Cell Biology and Regenerative Medicine, an organization dedicated to stem cell research, was established with the funds from this bequest.
Ruth Gottesman, the wife of Albert Einstein College of Medicine, bequeathed an additional $1 billion in February 2024, scholarship-free tuition for all future medical students, in remembrance of her husband’s passing.
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This was among the most substantial contributions ever made to a U.S. educational institution. Additionally, he and his spouse contributed to the funding of the Train Track Park bicycle path that encircles Jerusalem. In their tribute, the American Museum of Natural History has dedicated the Gottesman Hall of Planet Earth. Additionally, the newly constructed National Library of Israel building in Jerusalem bears their name.
Personal Life of David Gottesman
In 1950, Gottesman wed Ruth. Before she started her studies at Mount Holyoke College, they met in 1948. They were married for 72 years until his death. Her bachelor’s degree is from Barnard College, and she also holds an Ed.D. in Educational Psychology from Teachers College, Columbia University, and a master’s degree in developmental education.
They had three kids together. They were Rye, New York residents. In addition to being a trustee of the American Museum of Natural History and vice chairman of the Mount Sinai Medical Center, he loved swimming. On September 28, 2022, Gottesman passed away at the age of 96 in his Rye home.