Multi-millionaire Goldman Sachs CEO David Solomon will swap his tailored jumpsuit for a t-shirt and a pair of headphones when he DJs at the Lollapalooza music festival in July alongside Dua Lipa, Doja Cat and Machin Gun Kelly.
Solomon, 60, who indulges his passion for electronic dance music by hosting high-profile events under the stage name “D-Sol” for several years, announced his upcoming concert on his Instagram page on Wednesday.
“Excited to be playing @lollapalooza for the first time this summer,” the top executive of one of the world’s most successful and profitable investment banks wrote in a message accompanying a flyer listing all the acts that need to happen. perform at Chicago’s Grant Park from July 28-31.
Goldman Sachs CEO David Solomon aka “D-Sol” to DJ at Lollapalooza in Chicago in late July
Solomon, 60, posted this flyer prompting the music festival on his Instagram page on Wednesday. His name, circled in red, is listed among 140 other acts
Solomon made $35m last year after his investment bank posted record profits
Solomon, who earned $35 million last year, added that all proceeds from his performance will go to various non-profit organizations in partnership with label Payback Records.
Tickets for the four-day music festival range from $350 to $4,200. Some 400,000 people attended Lollapalooza in 2019, CNN Business reported.
The annual show will feature some of the biggest names in the music industry including Metallica, Dua Lipa, J Cole, Green Day, Doja Cat, Machine Gun Kelly, Lil Baby and Kygo.
Solomon is not new to the electronic music scene. During an appearance on a Goldman Sachs podcast in 2017, the Wall Street honcho said he “kind of fell into [DJing] as a hobby.’
A spokesperson for Goldman Sachs, which posted record profits last year, said the bank’s CEO typically performs at four to six events each year and donates his profits to charity.
The four-day music festival will be headlined by Metallica (pictured)
Solomon will join a star-studded line-up, which will include Dua Lipa (left) and Doja Cat (right)
Machine Gun Kelly is set to perform at the event, where tickets range from $350 to $4,200
While Lollapalooza would be Solomon’s highest-profile concert to date, he’s performed at other notable events over the years, including a Sports Illustrated-sponsored Super Bowl party in Los Angeles last month and a celebration hosted by Amazon in 2019.
Solomon landed in hot water in July 2020, when he opened for The Chainsmokers at a sold-out concert held in the Hamptons during the height of the COVID-19 pandemic, which sparked an investigation by health officials into alleged social distancing violations.
In June last year, Solomon released a new single called ‘Learn to Love Me’, but the release was overshadowed by comments from the CEO insisting that Goldman Sachs employees return to the office.
Solomon has previously expressed his opposition to working from home. In February, he told a Credit Suisse virtual conference it was an “aberration” and said it was not the “new normal”, insisting his firm would seek to “correct” the remote work situation “as soon as possible”.
Solomon has been DJing as a hobby for several years and launched his own record label in 2018. He is pictured spinning records at a Sports Illustrated party in Miami in February 2020.
Many took to Twitter to poke fun at DJ D-Sol’s latest EDM track, with user Joggo writing in a post that remixes of the song would be titled “You Gotta Love Me” and “I Don’t Care if you love me, as long as you LOVE our customers.’
Solomon sparked further controversy earlier this month when he said in an interview that he does not believe it is the responsibility of global financial institutions to “ostracize” Russia for invading Ukraine, even though Goldman Sachs was the first Wall Street bank to go out of business. in this country.
“I don’t know if it’s the job of the big financial institutions to ostracize Russia,” he told Time magazine.
Solomon joined Goldman Sachs in 1999 as a partner and rose through the ranks of the firm to become its CEO in October 2018 and its chairman in January 2019.
According to CNBC, Solomon earned $27.5 million in 2019, but his salary was cut by $10 million in 2020.