What is Tommy Mottola Net Worth?

Tommy Mottola Net Worth is US$ 540 Million as of 2022.

Net WorthUSD 540 Million
Born:July 14, 1948
Also known asThomas Daniel Mottola
ProfessionMusic Executive, Producer, Author
GenderMale
Height5′ 8”
HoroscopeCancer
Country of OriginUnited States of America
Marital StatusMarried
Spouse/ExThalía (Married 2000), Lisa Clark (Married 1971– Divorced 1990), Mariah Carey (Married 1993– Divorced 1998)
Famous ForThe Secret of My Success (1987), Ruthless People (1986) and Carly in Concert: Coming Around Again (1987)
Source of IncomeCasablanca Records, Sony Music Entertainment

Biography

Tommy Mottola, 72 years old, was born on July 14, 1949. He is a Cancer and was born in The Bronx, New York. He is an Italian-American from a middle-class family and goes by the name Thomas Daniel Mottola. He was the Chairman and CEO of Sony Music Entertainment for almost 15 Years.

Early Life

Mottola was born in The Bronx, to an Italian-American middle-class family. He graduated from Iona Grammar School (1962) and Iona Prep (1966). For a while, he attended military high school. He left Hofstra University, Long Island to pursue a career in music as a singer and guitarist with The Exotics.

Mottola was a recording artist at CBS Records in the mid-60s. He went by the name “T.D. Valentine.” Mottola quit his attempts to be a recording artist as he failed to make a career of it and began working at publishing giant Chappell Publishing. He then started Champion Entertainment Organization, his own management company. He was a key contact for many artists and soon signed his first clients as a manager, Daryl Hall and John Oates. He helped Hall & Oates secure a record deal as well as several high-profile endorsements.

He was also awarded for his management of the black rock group Xavion using new media such as music videos or corporate sponsorships for music tours.

Career

Tommy Mottola began his music career as a singer with the R&B band “The Exotics” and then later, as an artiste for ‘Epic’ under the stage name ‘T.D. Valentine’.

He met Hall & Oates in the 1970s while working as a music publisher for Chappell. Mottola earned 25% of their total profits during their brief fame.

He founded his own management company, ‘Don Tommy Enterprises’. Later it was changed to ‘Champion Entertainment’. It was a catering company that served notable clients such as John Mellencamp, Carly Simon, and others.

He was appointed President of Columbia Records and its subsidiary Sony Music by CBS Records in 1987. It was later bought by Sony Music Entertainment, a Japanese company. This led to Mottola being elected President of the United States Division of Sony Music (1990). The company was then transformed by Mottola, who expanded it to more than 60 countries and made it one of the most popular music companies in the globe.

Tommy Mottola was a mentor and developer of artists, including Celine Dion and Gloria Estefan, Shakira and Dixie Chicks, Ricky Martin and Jennifer Lopez.

In 2003, he left Sony and began building his entertainment company that covered everything, from theatre and fashion to music and television. He was instrumental in the launch of Cassie Ventura (2006), and Mika (2007).

Tommy Mottola and Cal Fussman co-authored the book ‘Hitmaker’ (January 2013). This book focuses on his journey to success, the highs as well as the lows, and what motivated him in the entertainment industry.

He was the one who produced the musical adaptation to Chazz Palminteri’s ‘A Bronx Tale’ which debuted at the Paper Mill Playhouse on February 2016. It ran for one month, and was finally closed in March 2016.

He has worked with Harvey Weinstein, Miramax chief, for live theatre. His TV production arm is involved in the development and production of many TV shows. He is currently the co-owner of Casablanca Records.

Tommy Mottola worked at Sony for 15 years, boosting sales from $800 million to nearly $6 billion by the year 2000.

He is well renowned for his amazing discovery of singing superstar Mariah Carey, whose debut album peaked at No. 1 and sold more than eight million copies. In addition, he is credited with introducing Celine Dion, Shakira, and Jennifer Lopez to the music business.

Tommy Mottola Net Worth Growth

An American music executive named Tommy Mottola has a $540 million net worth. Currently, he is the chairman of the company Mottola Media Group. Previously, he shared ownership of Casablanca Information, a joint venture of the Common Music Group.

Net Worth in 2022US$ 540 Million
Net Worth in 2021US$ 340 Million

Highlights

  • Here are some of his production credits include:
  • The Latin Explosion: A New America (2015)
  • A Model Life (2007)
  • The Shop (2006)
  • Born to Diva (2003)
  • The Big Bam Boom (1985)
  • Daryl Hall & John Oates: Rock ‘N Soul International (1984)

Favorite Quotes from Tommy Mottola

Favorite Quotes 1 from Tommy Mottola

“Acting lessons teach you to really listen to what the other person is saying because in acting it’s all about responding to the lines.” 

Tommy Mottola
Favorite Quotes two from Tommy Mottola

“Trust is a big word for me. Loyalty and trust, for me, are everything. It’s the core of what I’m about and what the people around me hopefully are about. It’s a certain thing that gives you a sense of security. It’s the biggest factor in everything I do.” 

Tommy Mottola
Favorite Quotes three from Tommy Mottola

“You need to know what makes artists tick. Having been through the process myself as a musician, since I was an early teen, gave me an advantage – understanding them from their point of view, because it’s about them, it’s not about you – it’s their vision and what they’re capable of achieving, and you’re the conduit.” 

Tommy Mottola
Favorite Quotes four from Tommy Mottola

“It’s hard to predict and to say what goes on inside the minds of an artist, but that’s what makes them an artist. That sense of creativity. That thing that makes them tick is probably the very thing that pushes them to the extremes that sometimes can cause, you know, fatalities and things that, you know, that end up not being good.” 

Tommy Mottola

Frequently Asked Questions

What is Tommy Mottola famous for?

One of the most significant business leaders in the history of the music business is Tommy Mottola, the former chairman and CEO of Sony Music Entertainment. He presently serves as the CEO of the Mottola Media Group, a New York City-based global media and entertainment firm that produces live theater and television.

How much money did Mariah Carey get from Tommy Mottola?

Despite not receiving the full settlement amount requested, Carey still came out $5 to $10 million ahead and was allowed to keep the 35-carat diamond engagement ring that he gave her.

Is Tommy Mottola a billionaire?

American music industry executive Tommy Mottola is worth $540 million. At the moment, he oversees Mottola Media Group as chairman.

Summary

Tommy Mottola was born on July 14, 1949 in The Bronx, New York. He graduated from Iona Grammar School (in 1962) and Iona Prep (in 1966) He left Hofstra University, Long Island to pursue a career in music. Tommy Mottola worked at Sony for 15 years, boosting sales from $800 million to nearly $6 billion by the year 2000. He has worked with Harvey Weinstein, Miramax chief, for live theatre. His TV production arm is involved in the development and production of many TV shows.

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