Tommy Mottola Net Worth
Tommy Mottola was born 14th July, 1949 in The Bronx, New York City, United States as Thomas Daniel Mottola. He is an American music executive, record producer and television producer. Currently, he co-owns the Casablanca Records which is a joint venture with the Universal Music Group. He served as the head of Columbia label’s parent company Sony Music Entertainment for nearly 15 years. He has worked many global stars like Jennifer Lopez, Celine Dion, Marc Anthony, Mariah Carey and Beyoncé, among others. He has a memoir, The Last Startmaker. He ventured into the music industry with CBS Records, during the mid 60s. His father-in-law, the head of CBS and helped him start his career as recording artist. However, he failed to establish himself as a recording star so he started working for Chappell Publishing, a publishing powerhouse. He formed his own management company called Champion Entertainment Organization. He was welcomed to Sony Entertainment and became its CEO in 1990, taking the company to a greater height. He worked for Sony for 15 years and made it into one of the most successful company producing the global brands like Celine Dion, Destiny’s Child, Mariah Carey, Shakira and many more. He left Sony Music Entertainment in January 2003, bought the rights to Casablanca Records and revived it.
One of the greatest music executives ever, Tommy, is not only famous but also rich. The savvy businessman has used his brains wells and by now has accumulated an estimated net worth of $ 200 million. Mottola took Sony to a greater height and increased its revenue from $800 million a year to more than $6 billion annually by 2000. With the rise of Sony, his bank balance got bigger. He earned most of his net worth from his work as the CEO of Sony Music Entertainment and later as the co-owner of Casablanca Records. His lucrative salary allows him to live the high life and spend lavishly.