Tommy Mottola Net Worth | Source of Wealth, Industry & More

tommy mottola net worth

Tommy Mottola is an American music executive with a net worth of $540 million. He is best known for his work at Sony Music Entertainment, where he served as chairman and CEO from 1988 to 2003. During his time at Sony, Mottola was responsible for signing and developing some of the biggest names in the music industry, including Mariah Carey, Celine Dion, Jennifer Lopez, and Shakira.

Mottola has also been involved in several other business ventures, including the launch of his record label, Casablanca Records, in 2005. He is also a partner in the investment firm The Firm, which has a portfolio that includes stakes in some media and entertainment companies.

In addition to his business endeavors, Mottola is also a philanthropist and has been involved in some charitable causes over the years. He is a member of the board of directors for The New York Times Company and The Rockefeller Foundation, and he is also on the board of trustees for The Metropolitan Museum. 

Tommy Mottola Net Worth Summary

NET WORTH$540 Million
INDUSTRYEntertainment
SOURCEMusic executive, Record producer, Television producer
CITIZENSHIPUnited States of America
AGE49

Tommy Mottola Net Worth & Source of Wealth

Tommy Mottola’s net worth is estimated to be $540 million, and his source of wealth is music production. Tommy Mottola was born in the Bronx, New York, on July 15, 1949. His father, Nick, was a musician who played drums for the bands of Frank Sinatra and Tony Bennett, while his mother, Marie (née Falcone), was a homemaker. Mottola has two older sisters, Phyllis and Nancy.

He grew up in a strict Italian-American household and was expected to follow in his father’s footsteps and become a musician. However, Mottola had other plans and decided to pursue a career in the music industry.

 In addition to being the CEO of Sony Music Entertainment, Mottola has also produced or co-produced some of the biggest selling albums of all time, including Mariah Carey’s “Daydream,” Celine Dion’s “Falling Into You,” and Whitney Houston’s “The Bodyguard” soundtrack. He has also worked with other huge artists like Barbra Streisand, Michael Jackson, and Bruce Springsteen.

In addition to his work in the music industry, Mottola has also been involved in several other businesses, including restaurants and real estate. After graduating from high school, Mottola attended the University of South Florida, where he studied communications. He then transferred to Boston’s Berklee College of Music, from which he graduated in 1970.

Mottola began his career working as a promotions man for CBS Records. He was later promoted to vice president of A&R, where he was responsible for signing artists like Bruce Springsteen, Barbra Streisand, and Billy Joel. In 1984, he was named president of CBS Records, and in 1988, he became the chairman and CEO of Sony Music Entertainment. Under Mottola’s leadership, Sony became one of the most successful record companies in the world.

FAQs

Is Tommy Mottola married? Who is his wife?

Yes, Tommy Mottola is married. His wife is Mariah Carey. The couple has been married since 2008.

What is Tommy Mottola’s net worth?

Tommy Mottola’s net worth is estimated to be $540 million. As of 2020, he is one of the richest executives in the music industry.

What companies does Tommy Mottola own?

Tommy Mottola is the chairman and CEO of The Mottola Company, an entertainment company that has a joint venture with Sony Music Entertainment. He also owns Casablanca Records, a label under The Mottola Company.

What is Tommy Mottola’s ethnicity?

Tommy Mottola is had Italian-American descent.