Table of Contents
- Table: L.A. Reid Net Worth
- What is L.A. Reid’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
Table: L.A. Reid Net Worth
| Net Worth | $300 Million |
|---|---|
| Salary | N/A |
| Birthdate | Jun 7, 1956 (67 years old) |
| Birthplace | Cincinnati |
| Gender | Male |
| Height | 5 ft 8 in (1.75 m) |
| Profession | Record producer, Songwriter, Music executive, Film Producer, Composer, Businessperson, Drummer |
| Nationality | United States of America |
What is L.A. Reid’s Net Worth?
L.A. Reid, a music executive and producer, has an estimated net worth of $300 million. He is best known for being the founder of Hitco Entertainment, Hitco Music Publishing, and co-founding LaFace Records with Kenneth “Babyface” Edmonds. Throughout his career, Reid has also served as the chairman and CEO of companies like Epic Records and The Island Def Jam Music Group. Despite the evolving music industry, Reid has remained a successful and influential figure in the music business.
Highlights
– L.A. Reid has a net worth of $300 million.
– He founded Hitco Entertainment and Hitco Music Publishing.
– Co-founded LaFace Records with Kenneth “Babyface” Edmonds.
– Served as chairman and CEO of Epic Records and The Island Def Jam Music Group.
– Worked with numerous famous artists, including TLC, Usher, Mariah Carey, Rihanna, and Travis Scott.
– Won three Grammy Awards.
Early Life
L.A. Reid, whose real name is Antonio Marquis Reid, was born on June 7, 1956, in Cincinnati, Ohio. He developed a passion for music at a young age, listening to artists like James Brown, Sly Stone, and Led Zeppelin. Reid, known for his drumming skills, played in a band during his teenage years and gained experience performing in front of audiences. His musical upbringing in Cincinnati played a significant role in shaping his career.
Career
In the mid-1970s, L.A. Reid played drums for a group called Pure Essence. He achieved mainstream success as a member of the group The Deele, which produced several hit songs. During this time, he formed a partnership with Kenneth “Babyface” Edmonds, and together they co-founded LaFace Records. LaFace Records became one of the most successful record labels, with artists like TLC, Outkast, Toni Braxton, and Usher achieving great commercial success.
After The Deele disbanded, L.A. Reid ventured into the business side of the music industry. He founded the Hitco Publishing Group, a joint venture with Windswept Music, and served as its president and CEO. In 2000, Reid and Babyface sold their remaining stake in LaFace Records to BMG. Reid then took over as president and CEO of Arista Records, where he signed artists like Avril Lavigne, P!nk, and Ciara.
In 2004, Reid joined The Island Def Jam Music Group as chairman and CEO. He played a pivotal role in launching the careers of artists like Kanye West, Rihanna, and Justin Bieber and revitalizing the careers of Mariah Carey and Jennifer Lopez. Reid later became chairman and CEO of Epic Records and appeared as a judge on the American version of “The X Factor.” In 2018, he founded Hitco Entertainment along with Charles Goldstuck.
Personal Life
L.A. Reid has four children from three different relationships. He was previously married to Perri “Pebbles” Reid, with whom he has a son named Aaron Alexander. Reid’s philanthropic efforts include involvement in organizations like City of Hope and the Robin Hood Foundation. He has also contributed to charitable initiatives, such as the Stand Up To Cancer organization.
Net Worth Over Time
L.A. Reid’s net worth has fluctuated throughout his career due to various ventures and roles he has undertaken in the music industry. As of now, his estimated net worth stands at $300 million. However, it’s important to note that net worth calculations are estimates based on available public information, and they can change over time.
Components of Net Worth
L.A. Reid’s net worth is primarily derived from his successful ventures in the music industry. His contributions as a record producer, songwriter, and music executive have played a significant role in accumulating his wealth. Additionally, his involvement in founding and leading companies like Hitco Entertainment and Hitco Music Publishing has contributed to his financial success. Other factors that may contribute to his net worth include investments and business ventures.
In conclusion, L.A. Reid’s net worth of $300 million is a testament to his remarkable career as a music executive and producer. His contributions to the music industry and his ability to identify and develop talented artists have solidified his position as one of the industry’s moguls. Despite the changing landscape of the music scene, Reid has maintained his relevance and continued to make significant contributions in the industry.
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