Multimillionaire Goldman Sachs CEO David Solomon will swap out his tailored business suit for a T-shirt and headphones when he DJs at the Lollapalooza music festival in July alongside Dua Lipa, Dodja Cat and Machine Gun Kelly.
Solomon, 60, who has indulged his passion for electronic dance music, DJing at high-profile events under the stage name “D-Sol” for the past few years, announced his upcoming performance on his Instagram page on Wednesday.
“Excited to play @lollapalooza for the first time this summer,” wrote a top executive from one of the most successful and profitable investment banks in the world in a post that accompanied a flyer listing all the artists scheduled to perform in Chicago’s Grant Park concert July 28-31.
Goldman Sachs CEO David Solomon, aka D-Sol, will be DJing at Lollapalooza in Chicago in late July.
Solomon, 60, posted this music festival flyer on his Instagram page on Wednesday. His name, circled in red, is listed among 140 other performers.
Solomon made $35 million 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 Payback Records.
Ticket prices for the four-day music festival range from $350 to $4,200. Approximately 400,000 people visited Lollapalooza in 2019, according to CNN Business.
The annual show will be headlined by 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 no stranger to the electronic music scene. During an appearance on the Goldman Sachs podcast in 2017, the Wall Street boss said he was “kind of in [DJing] as a hobby.’
Metallica will headline the four-day music festival (pictured)
Solomon will join an all-star line-up that will include Dua Lipa (left) and Doja Cat (right).
Machine Gun Kelly will perform at the event, with tickets ranging from $350 to $4,200.
A spokesman for Goldman Sachs, which recorded record profits last year, said the bank’s CEO typically speaks at four to six events a year and donates his proceeds to charity.
While Lollapalooza would be Solomon’s highest-profile performance to date, he has performed at other noteworthy events over the years, including the Sports Illustrated-sponsored Super Bowl party in Miami last month and a celebration hosted by Amazon in 2019.
Solomon hit a hot spot in July 2020 when he opened for The Chainsmokers at a sold-out concert in the Hamptons at the height of the COVID-19 pandemic, prompting health officials to investigate alleged social distancing violations.
Last June, 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 been DJing as a hobby for several years and launched his own label in 2018. Pictured here, he plays records at a Sports Illustrated party in Miami in February 2020.
Solomon joined Goldman Sachs in 1999 as a partner and rose through the corporate ladder until he became its CEO in October 2018.
Solomon has previously spoken about his opposition to working from home. In February, he told a Credit Suisse virtual conference that it was “an aberration” and said it was not the “new normal,” insisting the firm would seek to “fix” the remote work situation “as soon as possible.”
Many took to Twitter to poke fun at DJ D-Sol EDM’s latest track, with user Joggo posting that the song’s remixes would be titled “You MUST love me” and “I don’t care if you love me as long as you LOVE our clients.
Solomon caused another controversy earlier this month when he said in an interview that he didn’t think global financial institutions had an obligation to “kick out” Russia for invading Ukraine, even though Goldman Sachs was the first Wall Street bank to shut down. 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 corporate ladder until he became its CEO in October 2018 and chairman in January 2019.
According to CNBC, Solomon made $27.5 million in 2019, but his salary was cut by $10 million in 2020.