Music Executive: Tommy Mottola Net Worth, Career, Personal Life And Real Estate

0

Tommy Mottola’s net worth and salary: Tommy Mottola is a wealthy American music executive with a fortune of $540 million dollars. He is the Chairman of Mottola Media Group at the moment. He was previously a co-owner of Casablanca Records, a Universal Music Group joint venture.

Early Years:

Tommy Mottola was born on July 14, 1949, in the Bronx, New York. In 1962, he graduated from Iona Grammar School, and in 1966, he graduated from Iona Prep. He then attended military school before graduating from high school.

Mottola left Hofstra University on Long Island to pursue a career as a guitarist and singer for The Exotics, an R&B cover band. (Mottola is a relative of Tony Mottola, a well-known jazz guitarist.)

Career:

Mottola debuted in the music industry in the mid-1960s as a recording artist at CBS under the name T.D. Valentine. After his failed attempt to become a music sensation, he went to work for publishing behemoth Chappell Publishing and later founded his own management firm, Champion Entertainment Organization.

Music Executive: Tommy Mottola Net Worth, Career, Personal Life And Real Estate

ALSO READ: A Soap Opera Actress: Linda Lusardi Net Worth, Ethnicity, Personal Life

His position at Chappell introduced him to a wide range of musicians, and he quickly signed his first successful clients, Daryl Hall and John Oates.

Mottola assisted Hall & Oates in obtaining a record deal as well as other high-profile endorsements. Around this time, he was known for successfully managing the rock band Xavion’s use of media for marketing, particularly through the use of music videos and corporate sponsorship for music tours.

Mottola was the CEO of CBS when the corporation was purchased by the Sony Corporation when he was 37 years old. Mottola was named Chairman and CEO of Sony Music Entertainment in 1988, succeeding Walter Yetnikoff, who had served as Chairman and CEO from 1975 until 1990.

Mottola altered Sony Music‘s reputation over his 15-year time there, extending the company to 60 countries and signing and nurturing some of the world’s biggest musicians. He built one of the most powerful management teams in the industry and converted Sony into one of the most successful worldwide music corporations.

Music Executive: Tommy Mottola Net Worth, Career, Personal Life And Real Estate

He revitalized Sony’s publishing branch by acquiring the Beatles’ catalog’s rights, allowing Sony to become the first major music firm to provide commercial digital downloads.

Mariah Carey, Celine Dion, Destiny’s Child/Beyonce, Jennifer Lopez, Shakira, Gloria Estefan, the Dixie Chicks, Marc Anthony, Barbra Streisand, Bruce Springsteen, Jessica Simpson, Ricky Martin, and Billy Joel are just a few of the major artists Mottola has launched. Mottola also collaborated on Michael Jackson’s “Dangerous” and “Invincible” albums. Mottola had boosted Sony’s annual income from $800 million in 1990 to over $6 billion in 2000 after 15 years at the helm.

ALSO READ: An English Musician, Singer, Songwriter, And Multi-Instrumentalist: David Gilmour Net Worth And All Other Information

Mottola departed Sony Music Entertainment in 2003 to start Mottola Media Group, a new entertainment firm that includes recorded music, television production, theater, and fashion. With his album “Confessions,” which sold over 20 million copies worldwide, he went on to assist Usher to relaunch his career.

Mottola and Cal Fussman co-wrote the book “Hitmaker,” which was released in January 2013. The book details his achievements and the drive that propelled him to the top of the industry, but it also goes into detail about his recording industry downtimes.

Mottola has executive produced a number of cable and network television programs, including “The Latin Explosion: A New America,” “A Model Life,” “Born to Diva,” and many others. Mottola Media and eOne Entertainment inked a multi-year collaboration in 2018 to develop scripted and unscripted programming.

ALSO READ: An English Musician: Christine McVie Net Worth, Career, Personal Life

Private Life:

Music Executive: Tommy Mottola Net Worth, Career, Personal Life And Real Estate

Mottola converted to Judaism in 1971 in order to marry his first wife, Lisa Clark. Sam Clark, the head of ABC Records, was her father. After having two children, Michael and Sarah, they divorced in 1990.

Tommy Mottola married Mariah Carey in a magnificent multi-million dollar ceremony in June 1993. The pair divorced in early 1998 after a short-lived marriage. Carey departed Columbia in 2000 and secured an $80 million deal with Virgin Records.

Tommy Mottola began dating Latin singer Thalia in the same year, and the two married in December at New York City’s St. Patrick’s Cathedral. Sabrina Sakae, born in October 2007, and Matthew Alejandro Mottola, born in June 2011, are the couple’s two children.

LEAVE A REPLY

Please enter your comment!
Please enter your name here