Jimmy Iovine net worth

Jimmy Iovine net worth

Net Worth: $700 Million

About Jimmy Iovine

Jimmy Iovine net worth

Jimmy Iovine is a music producer and businessman from the United States. He is currently in charge of umbrella label Interscope Geffen A&M, a company owned by Universal Music Group. Jimmy Iovine net worth is currently estimated at $700 million.

Jimmy was born in Brooklyn to the Italian-American parents. He started working as a recording engineer in early 70s, cooperating with such talented musicians as the heart of the Beatles John Lennon, Raspberries and Bruce Springsteen. It was not long before he established a name and Jimmy Iovine net worth started to grow on the fast track. He soon received an offer to produce albums for the Irish rock band U2, Stevie Nicks, Tom Petty & The heartbreakers, Simple Mind, Golden Earring, The Motors, Dire Straits and Patti Smith.

A good bulk of these artists’ revenues landed in his wallet and boosted Jimmy Iovine net worth to tens of millions.
In 1990 Iovine founded a company Interscope records. After its merger with PolyGram in 2001 the company was renamed Interscope Geffen A&M and Jimmy assumed the office of its chairman. Currently the label operates as one third of the Universal Music Group, along with Republic Records and the Island Def Jam Music Group.

Interscope-Geffen-A&M primarily concentrates on rock, hip hop, urban and pop performers and encompasses numerous smaller labels, including Aftermath Entertainment, Kon Live Distribution, Fontana Records, will.i.am. Music Group Shady Records and Star Track Entertainment.

Iovine has also produced a couple of movies about famous recording artists. Not a lot of people know, but Jimmy was the one who found Eminem and gave his demo to hip hop producer and rapper Dr. Dre. In 2002 he helped to produce his hit movie 8 Mile. The film whose plot has a lot of similarities with Eminem life story was a great critical and financial success. It debuted at No. 1 on the Box Office and grossed over $50 million during the opening weekend. In total it grossed nearly $250 million worldwide. Jimmy has also co-produced a movie Get Rich or Die Trying, an American crime drama film starring 50 Cent.

This film is similar to the 8 Mile in a sense that it is based on the life of the starring rapper and tells a story of a boy living with his drug-dealer mother. The movie was not as successful as the 8 Mile and received a lot of criticism, but did relatively good at the box office, grossing over $12 million during the opening weekend and over $45 million in total. The financial success of those movies along with his numerous works in music industry is responsible for the current Jimmy Iovine net worth.

Now you have an idea why Jimmy Iovine net worth is this huge


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