Goldman Sachs CEO to perform at Lollapalooza

Basmalla Attia, Advertising Director

Goldman Sachs Group Inc. CEO David Solomon will serve as a DJ at Lollapalooza in July.

Solomon first joined Goldman Sachs as a partner in 1999. He became the global head of the bank’s financing group from 2006 to 2016. After that, he served as the co-head of the investment banking division. Later, he became the president and COO until he was finally promoted to chairman and CEO while also a part of the bank’s board of directors.

Additionally, Solomon serves on the board of the Robin Hood Foundation and board of trustees of Hamilton College.

As someone with all of these renowned financial credentials, his decision to DJ among the top artists at Lollapalooza came as a surprise.

Lollapalooza is a four-day music festival that will run from July 28 to 31 in Chicago. The cost of attending the festival starts from $350 and can go up to $4,200.

Artists who will participate in this festival include Metallica, Dua Lipa, Doja Cat and Green Day. Lollapalooza hosted 400,000 people in 2019.

The news was first announced via a post on Consequence, a New York-based online pop culture publication.

However, this is not Solomon’s first time performing as a DJ. Solomon started his DJ career in 2015, later founding his record label in 2018. He has performed at events that have hosted over 400,000 attendees in 2019 and donated the profits to charity.

“[I] kind of stumbled into it as a hobby, and now I just do it for fun,” Solomon said on a Goldman Sachs podcast in 2017.

Solomon works as a DJ at four to six events per year. Spotify Inc. confirmed Solomon’s talent for performing as a DJ through the numbers, his listeners totaling up to 13.6 million streams.

Arguably, his most controversial gig as of date was with The Chainsmokers in July 2020, where  they failed to adhere to social distancing protocols and led the New York State Department of Health to launch an investigation. This case was closed with a fine of $20,000 for the event organizers.

He has also headlined many famous events including an Amazon Inc. event in 2019 and a Super Bowl LVI party.

Last June, Solomon started performing under his real name instead of his DJ alias, “D-sol,” which is risky because using his real name strongly associates his hobby with Goldman Sachs.

Being a part-time DJ attracted controversy for Solomon, who was the subject of attacks by junior bankers who work for many hours a week. However, he defended himself, saying “left-brain, right-brain balance.”

Last year, Solomon earned $35 billion from his work, and many people are wondering how much Lollapalooza will pay him. Solomon has already announced that all proceeds from his performance will go to non-profit organizations.

This will definitely be a big step in Solomon’s DJ career, and his fans can’t wait to see him. His success could encourage others in the field to pursue their hobby to a great extent while also taking care of their primary career.