Tommy Mottola Net Worth: $600 Million (approx.)
| Net Worth: | $600 Million (approx.) |
| Date of Birth: | Jul 14, 1949 |
| Age: | 73 years |
| Profession: | Music executive, Record producer, Television producer |
| Nationality: | United States of America |
Tommy Mottola net worth is around $600 Million. Tommy Mottola is a famous American music executive, producer and author.
Tommy Mottola is currently the Chairman of Mottola Media Group. Tommy Mottola was previously the co-owner of Casablanca Records, a joint division of the Universal Music Group.
What is Tommy Mottola Net Worth?:
Tommy Mottola net worth is around $600 Million in 2022. Tommy Mottola is a famous American music CEO and businessman.
Tommy Mottola House:
In 2010, Tommy Mottola spent $2.85 million to buy an raw 6-acre parcel of land in Greenwich, Connecticut. He spent three years designing and building their 9-bedroom, 12,300 square foot dream home which include a footbridge to a small private island on the property’s lake. They listed the property for sale in April 2017 and finally found a buyer in April 2019 for $14.875 million.
Tommy Mottola Biography:
| Born | Thomas Daniel Mottola July 14, 1948 (age 73) New York City, New York, U.S. |
|---|---|
| Spouse(s) | Lisa Clark(m. 1971; div. 1990) Mariah Carey(m.1993; div.1998) Thalía (m.2000) |
| Children | 4 |
Tommy Mottola was born in the Bronx, New York on July 14, 1949. Tommy graduated from Iona Grammar School in 1962 and Iona Prep in 1966. Afterwards, Mottola went to military school and then graduated from high school.
Tommy Mottola dropped out of Hofstra University on Long Island to pursue a music career as a guitarist and singer for an R&B cover band called The Exotics. (Mottola is the cousin of famed jazz guitarist Tony Mottola.)
Tommy Mottola Career:
Tommy Mottola began his career in the music industry in the mid-60s as a recording artist under the name of T.D. Valentine at CBS. After his attempt to become a recording star himself failed, Mottola began working for publishing powerhouse Chappell Publishing and started his own management company called Champion Entertainment Organization.
His role at Chappell put him in touch with many artists and soon Tommy Mottola signed his first successful clients, Daryl Hall and John Oates. Mottola helped Hall & Oates land a record deal along with many high-profile endorsements. Tommy Mottola was recognized for managing the rock group Xavion successfully use media for promotion, specifically through the use of music videos and corporate sponsorship for music tours.
Tommy Mottola & Sony
At the age of 37, Tommy Mottola was running CBS when he struck a deal for the company to be purchased by the Sony Corporation. In 1988, Tommy Mottola was then named the Chairman and CEO of Sony Music Entertainment.
During his 15-year tenure at Sony, Tommy Mottola changed the reputation of Sony Music, expanding the business into 60 countries and signing, developing the careers of some of the biggest artists in the world.
Mottola turned Sony into one of the most successful global music companies and created one of the strongest management teams in the industry Tommy helped to revitalize Sony’s publishing division by acquiring rights to the Beatles’ catalog and enabled sony to become the first major music company to make commercial digital downloads available.
Just a few of the mega stars Tommy Mottola has launched include 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.
Tommy Mottola also worked with Michael Jackson on his albums “Dangerous” and “Invincible.” After 15 years at the helm of Sony, Tommy Mottola had increased the company’s annual revenue from $800 million per year to over $6 billion in 2000.
Tommy Mottola After Sony
Tommy Mottola left Sony Music Entertainment in 2003 to build a new entertainment company, Mottola Media Group, which included recorded music, television production, theater, and fashion.
Tommy went on to re-launch the career of Usher with his album “Confessions” that sold over 20 million copies worldwide. Tommy Mottola also revamped the careers of March Anthony and Lindsay Lohan. Tommy then bought the rights to Casablanca Records and resurrected it with Lindsay Lohan. Mottola later signed Cassie Ventura in 2006, and Mika in 2007, who had a successful No. 1 single in the UK.
In early 2016, Tommy Mottola produced the musical adaptation of Chazz Palminteri’s “A Bronx Tale.” The show opened on February 14, 2016 and closed on March 6, 2016. The show officially opened on Broadway in December 2016. After 700 performances, the show closed on August 5, 2018. A national tour began in October 16, starting with Los Angeles at the Pantages Theatre.
Tommy Mottola has served as the executive producer for multiple shows for cable and network television including “The Latin Explosion: A New America,” “A Model Life,” “Born to Diva,” and plenty of others. In 2018, Mottola Media signed a multi-year deal with eOne to develop scripted and unscripted television.
Tommy Mottola NTERTAIN
In 2021, Mottola, along with Neon16 CEO and Co-founder Lex Borrero and representation firm Range Media Partners formed NTERTAIN – an entertainment and media company that creates, develops and produces content across multiple mediums, highlighting Latino stories and representing Latino talent, brands and culture.
The idea for NTERTAIN came from the idea that there wasn’t enough quality content that truly represented the culture and Latin experience in the United States and globally.
NTERTAIN is headquartered in Miami with Mottola and Borrero heading the company in partnership with Peter Micelli, CEO of Range Media Partners.
Tommy Mottola Book:
In January 2013, Tommy Mottola published a book titled “Hitmaker,” co-written with Cal Fussman. The book describes his success and the drive behind it that helped to propel him to the top of the business, but it also discusses at length the downtimes in his recording industry days.
Tommy Mottola Wife:
Tommy Mottola converted to Judaism to marry his first wife, Lisa Clark, in 1971. She was the daughter of ABC Records head Sam Clark. The couple divorced in 1990, after having two children, Michael and Sarah.
In June 1993, Tommy Mottola married Mariah Carey in a multi-million dollar marriage ceremony. The marriage was not very long lasting, with the couple divorcing in early 1998. In 2000, Mariah Carey left Columbia and signed an $80 million contract with rival Virgin Records.
In 2000 itself, Tommy Mottola began dating Latin singer Thalia, whom he married that December at New York City’s St. Patrick’s Cathedral.
The couple have two children: Sabrina Sakae, born in October 2007, and Matthew Alejandro Mottola, born in June 2011.