Tommy Mottola Net Worth and Successful Career as Chairman

Have you ever wondered how much money the richest CEO in the world has? These Executive Officers have really incredible net worths, from endorsement agreements to salary. Explore Tommy Mottola net worth and the factors that contributed to his incredible wealth.

He is one of the richest personalities in the music industry. Tommy Mottola has a reputation for being an influential talent manager and record executive. His decades of work in the entertainment sector have allowed him to accumulate a significant amount of riches. Tommy Mottola net worth is a reflection of his endeavors outside of the music industry as much as his achievements in it.

What Is Tommy Mottola Net Worth?

The net worth of Tommy Mottola is expected to be $540 million. Tommy is a famous entrepreneur, producer and music executive. He is famous as the co-owner of Universal Music Group’s Casablanca Records. He was also the CEO and chairman of Sony Music Entertainment for almost 15 years. He is now serving as Mottola Media Group’s chairman. He is well known for making the career of many famous celebrities.

Early Life

July 14, 1948, Thomas Daniel Mottola was born in The Bronx, New York City. He belongs to an Italian-American middle-class family. Before focusing on his profession as a guitarist and singer, he temporarily attended military school. He went to Iona Grammar School and completed his education at Iona Preparatory School in New Rochelle in 1966. He also attended Hofstra University, but he left to pursue a career as a musician, which ultimately led to his fame.

Career

In the middle of the 1960s, Mottola started to work in the music business as a recording artist for CBS. He used the "moniker T.D. Valentine" as his stage name. He started working for music giant Chappell Music after a failed attempt to become a recording sensation. He then established his own managing firm known as Champion Entertainment Organization.

He met a lot of artists through his work at Chappell, and he quickly signed his first important clients. John Oates and Daryl Hall were his first clients. Because of Mottola they were able to obtain famous endorsements and a record deal. He became popular for organizing the rock band Xavion. Mottola agreed to sell CBS to the Sony Corporation. 

In 1990, he became the CEO and Chairman of Sony Music Entertainment. Mottola changed Sony Music's image over his 15 years. There, he shaped the careers of some of the world's biggest performers. He is among the famous personalities of America. Because of his efforts, the company grew to 60 countries. He built one of the best management teams in the business and made Sony one of the most prosperous international music organizations.

He purchased the rights to the Beatles' catalog, which helped Sony's publishing division to get back on its feet. As a result, Sony became the first music firm to provide commercial digital downloads. Tommy also contributed to Michael Jackson's "Dangerous" and "Invincible" albums. But Michael Jackson on Tommy Mottola leadership of Sony was not happy. He even announced that Sony didn't promote his "Invincible" album.

After leading Sony for 15 years, Mottola grew the company's yearly earnings from $800 million to about $6 billion in 2000. In 1990, Tommy Mottola and P Diddy worked together to make the career of Jennifer Lopez. Tommy Mottola and Jennifer Lopez worked together during her early career when Tommy was the CEO of Sony.

In 2003, Mottola decided to leave Sony as he wanted to establish his own entertainment business. He helped Usher in revving his career and sold more than 20 million copies of his album. After that Mottola purchased the rights of the Casablanca Records.

Tommy and Cal Fussman co-wrote the book "Hitmaker," which was released in January 2013. The book describes his achievements and the motivation that led him to the top of the industry. Mottola created the musical version of Chazz Palminteri's "A Bronx Tale" at the beginning of 2016. In December 2016, The Broadway production formally debuted.

On August 5, 2018, the play came to an end after 700 performances. As an executive producer, Mottola has worked on numerous cable and network television programs. Mottola Media and eOne inked a multi-year agreement in 2018 to create both scripted and unscripted television. Tommy Mottola now is working as the Chairman of Mottola Media Group.

Must Read: Mary Barra Net Worth and Source of Income as a CEO

Personal Life

Tommy Mottola relationships are very popular. In 1971, Mottola married Lisa Clark. They have two children together. Tommy Mottola and Lisa clark got separated in 1990. In 1993, he got married to pop superstar Mariah Carey. After years, Maria Carey and Tommy Mottola got separated in 1998.

He then married Thalia in 2000. She is a Mexican actress and singer. Tommy Mottola and Thalia wedding took place at New York City's St. Patrick's Cathedral. Thalia and Tommy Mottola have two children together. Tommy Mottola house is located in Greenwich, Connecticut.

Real Estate

In 2010, he and his spouse Thalía paid $2.85 million for a 6-acre plot of land in Greenwich, Connecticut. The 12,300-square-foot estate they built took three years to complete and sold for $14.875 million in 2019.

Browse Others: Shantanu Narayan Net Worth, Biography and Career Highlights

Frequently Asked Questions

Q. Is Tommy Mottola Jewish?

Ans: yes, he became Jewish before his marriage to Lisa Clark.

Q. Did Tommy Mottola groom Brenda Starr?

Ans: No, He played a role in her career but did not groom her.

Q. How old is Tommy Mottola?

Ans: He is 76 years old.

Q. Who is Tommy Mottola?

Ans: He is the Chairman of Mottola Media Group and Former CEO and Chairman of Sony Music Entertainment.