Tommy Mottola Net Worth is $400 Million (as of 2020)
It has been stated that the overall size of Tommy Mottola net worth reaches as high as 200 million dollars, as of right now. Tommy Mottola has earned his net worth through his career in music, where he is a powerful music executive. As such, he is regarded as one of the greatest music executives in the industry. Tommy Mottola was born in 1949 in the Bronx, New York. Currently, he owns the company called Casablanca Records, which belongs to the Universal Music Group. Working in this company is also considered as one of the main sources of Tommy Mottola net worth.
|Net Worth:||$400 Million|
|Age:||73 years old|
|Date of birth:||Jul 14, 1949|
|Nationality:||United States of America|
|Occupation:||Music executive, Record producer, Television producer|
Tommy Mottola was firstly working at CBS which was his first job related to music. When he was 37 years old and was working at CBS, Tommy Mottola made a deal which stated that the Sony Corporation would by CBS. Thus, as a result of the deal, Tommy Mottola got the position of the CEO and Chairman of Sony Music Entertainment. Tommy Mottola has added a lot to the popularity of the company. Under his management, the company was expanded into 60 countries. He is also considered as the one who has discovered and turned some local musicians into big pop stars today. Examples of them could be Celine Dion, Mariah Carey, Beyonce, Destiny’s Child, Shakira, Jennifer Lopez, Marc Anthony, Gloria Estefan, Billy Joel, The Dixie Chicks, Barbra Streisand and Bruce Springsteen.
In 1993, Tommy Mottola got married to Mariah Carey. However, the marriage lasted for only 5 years. As a result, Mariah Carey left the record company and got signed to another one – Virgin Records, which was a huge rival to Tommy Mottola’s company. The deal she signed was worth 80 million dollars. In the same year, Tommy Mottola started another relationship, to Thalia, who is a popular Latin singer. The couple got married in the end of the same year they started dating. With her, Tommy Mottola is a parent of one kid named Sabrina Sakae.
Tommy Mottola has been working in the Sony Corporation for 15 years and has increased the company’s image in music industry a lot. When he started working there, the annual revenues of the company were 800 million dollars and today it has increased up to 6 billion dollars. Thus, the company is a major source of Tommy Mottola net worth, as well. In 2003, however, he decided to leave the company so he could start his own.