L.a. Reid net worth

L.a. Reid net worth

Net Worth: $350 Million

About L.a. Reid

L.a. Reid net worth

L. A. Reid (real name Antonio M. Reid) is an extremely influential songwriter, record executive and music producer. He is best known as the former executive of the Island Def Jam Music Group and the President of Hitco Music Publishing. L.A. Right is responsible for bringing into the light such singers as Pink, Mariah Carey, Avril Lavigne, Kanye West, Rihanna, Usher, Dido, OutKast and helping them to sell millions of albums. L.A. Reid net worth is currently estimated at $350 million.

L.A. Reid started his professional career in music in 1969 with Pure Essence. In the 80s Reid appeared on the scene with a band The Deele. The group had only one successful single that peaked at No. 10 at the Billboard (the hit was entitled The Two Occasions) and soon split up. L.A. Reid net worth began to grow in 1989, after Reid and his former group mate Kenneth Edmonds received a solid funding from Clive Davis (the head of Arista Records) and founded a label LaFace. The company soon gathered the signatures of most popular African-American singers and became extremely profitable. For example, Reid discovered and signed Usher when he was still a 14 year old kid.

Usher’s albums released under the label LaFace later sold 65 million copies all over the world.

In 2000 L.A. Reid sold his stake in LaFace. The profits from this transmission added a solid sum to the current L.A. Reid net worth. After that Reid went on to replace Clive Davis in a position of the President of Arista. While in the chair of the President Reid brought Arista Records some of its most profitable contracts. For example, he signed Avril Lavigne whose first studio album Let Go later sold six million copies nationwide. He also helped Usher to produce his multi-platinum album Confessions and made a contract with OutKast whose album Speakerboxx/Lovebelow sold ten million copies and was awarded Grammy as the best album of the year. Needless to say, a big part of the Arista profits has landed in the pocket of its’ President and boosted L.A. Reid net worth considerably.

The third stage of Reid’s career began in 2004, when he became a chief executive officer of the Island Def jam Music Group. While working with this company Reid has managed to bring Mariah Carey back to the top of the charts after the long setback in her career. L.A. also contributed to the success of such stars as Kanye West, Bon Jovi and two greatest pop scene sensations of the later years- Lady Gaga and Justin Bieber. With such an impressive list of clients, no wonder L.A. Reid net worth is currently well over $300 million.

Now you have an idea why L.A. Reid net worth is this huge

Now you have an idea why L.A. Reid net worth is this huge


L.A. Reid net worth L.A. Reid net worth L.A. Reid net worth

Leave A Comment

+