Latest news with #AsylumRecords
Yahoo
4 days ago
- Business
- Yahoo
David Geffen's Estranged Husband, 32, Requests Spousal Support amid Divorce from Billionaire Music Exec, 82
David Geffen's estranged husband David Armstrong filed a response to the media mogul's divorce filing Armstrong requested spousal support and more A court order gave each party 60 days to share their financial informationDavid Geffen's estranged husband David Armstrong has filed his response to the billionaire's divorce filing, which came earlier this month after nearly two years of marriage. Armstrong, 32, requested spousal support from Geffen, 82, as well as attorney's fees and costs and 'all other relief the Court deems just and proper,' according to documents filed on Tuesday, May 27 and obtained by PEOPLE. Geffen — who is worth $8.7 billion, according to Forbes — filed for divorce on May 16, citing irreconcilable differences. He listed the couple's date of separation as Feb. 22, though Armstrong said their split date was 'TBD' in his response. They were married on March 7, 2023. Geffen's initial filing indicated that he would pay Armstrong's spousal support and attorney's fees. Both filings stated that 'the exact nature and extent of separate property assets and obligations are unknown at this time,' and both parties reserve their right to amend their filings once the information has been ascertained. A court order was issued on May 27 that requires both Geffen and Armstrong (a model and dancer who also goes by the name Donovan Michaels) to share their financial information, including statements, valuations, important facts and access to records about all current income and expenses and community and separate property assets and debts. Each party has 60 days after filing to complete the court order. Geffen, who is now retired, rose to fame as the co-founder and founder of a number of record labels, including Asylum Records, Geffen Records and DGC Records. In 1996, he also co-founded DreamWorks Animation with Steven Spielberg and Jeffrey Katzenberg. Much of his income consists of stocks and equities in property, and California law states that dividends from stocks remain separate, meaning Armstrong likely will not walk away with much cash, TMZ reported. State law also requires divorce petitioners to pay spousal support for half the length of the marriage, meaning Armstrong will likely receive payments for one year. Geffen dated Cher for a year and a half in the early 1970s, and came out as gay in 1992. He and Armstrong largely kept their relationship out of the public eye, though the media mogul did share a now-deleted photo of the pair on a boat in December 2021. 'Merry Christmas indeed!' he captioned the Instagram photo. Read the original article on People
Yahoo
19-05-2025
- Entertainment
- Yahoo
Billionaire David Geffen, 82, files for divorce from go-go dancer husband, 32, without prenup
For the record, this marriage has come to an end. Entertainment billionaire, David Geffen, has filed for divorce from his husband David Armstrong, after less than two years of marriage. The 82-year-old mogul tied the knot with the go-go dancer, 32, who goes by Donovan Michaels when he performs, in 2023 and the two did not sign a prenup. With the help of well known divorce attorney Laura Wasser, Geffen cited irreconcilable differences as the reason for their split, according to TMZ. Despite not signing a prenup, Forbes puts the retired businessman's net worth to be $8.7 billion. Geffen co-founded Asylum Records in 1971, founded Geffen Records in 1980 and DGC Records in 1990, and co-found DreamWorks Records in 1996. However, the record executive has been retired for 15 years and his income now consists of stocks and equities, which are separate property. Per California law, dividends from stocks remain separate, which could possibly leave Armstrong without a large cash settlement. The performer will receive spousal support for a year, however, since under California law, spouses receive payment for half the length of their marriage. Geffen will also pay Armstrong's spousal support and attorney's fees, TMZ reported, citing divorce documents. The pair reportedly first met in 2020 when Armstrong served as a personal trainer for Geffen before marrying in a private ceremony in Beverly Hills. In 2023, details surrounding Armstrong's past came to light. His former friends told The Post at the time that the dancer's income stems from picking up odd jobs in New York and Miami. The go-go dancer was born David Armstrong in Michigan, until he began going by Brandon Foster after relocating to Florida in 2014. The trainer started dancing and promoting parties at gay clubs around Miami including 'clothing optional' pool parties 'along with plenty of other hot sexy guys.' Armstrong was no stranger to flaunting his toned physique in Instagram photos, with one shot from September 2014 noting he was 'doing a little camming tonight.' The caption added he would 'put on a good show' for anyone who would pay for his footage. Two years later, around 2016, Armstrong left Florida for New York City, where he took on his new name. A former girlfriend revealed she only knew Armstrong to date women. But due to the fact he liked adventure and would dive head first into situations, his former flame wasn't shocked by his marriage. 'I wouldn't be surprised. I mean, he's very attractive,' she shared. 'He would tell me people just assumed that he was into guys from what he posts on Instagram.' 'I know that he was getting comments like that from gay men, that he was really attractive and in really good shape.' At the time, pictures of Geffen and Armstrong spotted at a New York City heliport surfaced. The photos showed Geffen flashing a gold band on his ring finger. Another one of Armstrong's friends told The Post the former fitness guru 'was always looking for his next adventure and was really determined to improve his life.' Sources noted that Armstrong also came from 'very humble beginnings' in Imlay City, Michigan, a town of just 4,000 people and was one of 13 children. A former pal revealed he was 'super secretive' and rarely divulged his past. 'It took a while to really get to know him because he was really private about his past,' said the former friend. They explained Armstrong was 'always searching for something to help him understand his past and what he experienced.' 'I think he rebelled a lot when he was younger, and that was a big part of why he left,' the friend confessed.
