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Goldman Sachs CEO moonlights as DJ, on set record for Lollapalooza – Nationwide

Goldman Sachs CEO moonlights as DJ, on set record for Lollapalooza – Nationwide

The CEO of Goldman Sachs, David Solomon, is ready to carry out on the Lollapalooza music pageant in Chicago this yr. He’ll be performing alongside headliners Dua Lipa, Metallica, J. Cole and Inexperienced Day.

The set record for Lollapalooza was introduced on Tuesday and Solomon’s title will be seen within the fourth row from the underside.

Solomon has been a DJ since 2015 and even based his personal report label, Payback Information, in 2018. Coincidentally, 2018 was additionally the yr he turned Goldman Sachs’ CEO.

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On his Instagram web page, Solomon, who used to carry out underneath the title D-Sol, says he’s excited to play the pageant for the primary time. He plans to donate the proceeds he receives for the efficiency to non-profits.

In truth, all the cash generated by Payback Information and Solomon’s DJing profession are donated to charities tackling dependancy.

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A spokesperson for Goldman Sachs instructed CNN that Solomon DJs about 4 to 6 occasions a yr. Some executives play golf for enjoyable, they stated; Solomon DJs.

“(I) sort of stumbled into it as a passion, and now I simply do it for enjoyable,” the Sachs CEO stated on the corporate’s podcast in 2017.

For somebody DJing only for enjoyable, Solomon pulls in nice numbers.

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In accordance with his Spotify Wrapped, 3.8 million folks listened to Solomon’s unique music on the platform, amounting to 13.6 million streams in complete.

His followers who comply with his Instagram web page expressed their pleasure about his reserving a Lollapalooza gig, with many commenting hearth emojis underneath the announcement.

However some Lollapalooza fanatics have been left questioning why the pageant is giving Solomon, a millionaire banker, a spot on stage. Reuters reported that Solomon earned US$35 million final yr — successfully doubling his wage from the yr earlier than.

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Joe Good, a DJ from Baltimore, took to Twitter, writing, “Goldman Sachs generated report income in 2021 throughout a pandemic the place thousands and thousands of People misplaced their jobs, medical health insurance, life financial savings, and houses.” He instructed festivalgoers, “When David Solomon “DJ D-Sol” takes the stage, stroll out.”

The New York Instances reported that Goldman Sachs did, certainly, make a report $21.6 billion in income final yr, although their fourth-quarter earnings dropped because it bumped pay for its staff.

This isn’t the primary time Solomon has confronted warmth in his DJ profession. In 2020, he opened for The Chainsmokers at a profit live performance within the Hamptons. The live performance was later topic to a state investigation for breaking social distancing laws.

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Then-governor Andrew Cuomo commented on the incident, saying he was “appalled” on the “unlawful & reckless endangerment of public well being.”

A Goldman Sachs spokesperson defended the CEO, saying, “The overwhelming majority of the viewers appeared to comply with the foundations, however he’s troubled that some violated them and put themselves and others in danger.”

The 2022 Lollapalooza pageant is scheduled to happen July 28 to 31 in Grant Park in Chicago.

© 2022 International Information, a division of Corus Leisure Inc.

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