Michel David-Weill had an estimated net worth of $2.2 billion. He was known as the Sun King for his monarchical ascendance and grip on power, David Weill presided over Lazard Freres & Co. while it was pre-eminent in the field of mergers and acquisitions, though he often left the deal-making to others.
Michel was a billionaire who loved art and cigars and earned enemies with his sometimes-abrasive interpersonal skills in business.
As head of Lazard’s New York City office from 1977 to 2005, David made the firm leaner and more centralised while increasing profits. Under his direction, Lazard began to expand its business from the traditional merger and acquisition advising to areas such as asset management and municipal bond.
David left Lazard to concentrate on his holding and other business, the famous investment vehicle, Eurazeo. David-Weill was a director of Groupe Danone, one of the world’s largest food companies.