Tommy Mottola net worth

Tommy Mottola net worth

Net Worth: $200 Million

About Tommy Mottola

Tommy Mottola net worth

Thomas Daniel Mottola, better known as Tommy Mottola, is business executive, best known as a co-owner of a record label Casablanca Records. As a recording artist Thomas gained prominence in the 1960s. Back in the day he was known by the stage name D.T. Valentine. After realizing that he is never going to get far as a singer, Mottola started working with a company Chappell Publishing. Simultaneously he launched a private management company, known as Champion entertainment Organization. The key to Tommy’s success was his pioneering, distinctive attitude to music promotion. He was one of the first managers to extensively use music videos and other new mediums for music promotion. As for today, Tommy Mottola net worth is estimated at $200 million.
Tommy Mottola net worth growth started after he signed his first successful clients, an American musical duo composed of John Oates and Darryl Hall. Many of you might not know much about these guys, as their fame started to fade in the late 1980s. Before that, the duo was widely praised for their original fusion of blues and rock, as well as hits “Kiss on My List”, “Rich Girl”, “I Cant’t Go For That (No Can Do) and many others.

To say the least, Tommy was partly responsible for their success as he helped Hall & Oates sign several highly profitable endorsements and record deals.
By the end of the 1980s the future millionaire was hired by Walter Yetnikoff, who at the time was a president of CBS Records. In 1990 the company assumed a new name, Sony Music and got the new leader: Mottola replaced Walter as a chief executive officer of the company. During his tenure a talented music executive has managed to turn Sony Music into one of the most influential music companies in the world. He has formed an amazingly strong management team and expended the business into more than sixty countries. In the mid-1980s, when Thomas assumed the position, Sony’s annual revenues were estimated at some $600 million. By the time he left this office in the year 2000, the company has brought $6 billion per year. As the revenues of Sony Music grew, so did Tommy Mottola net worth.
What about his personal life? In 1993 Thomas married his client, Mariah Carey. Right after their wedding the singer’s achieved international stardom and became one of the best selling singers in the world. For the curious ones, Tommy Mottola net worth is significantly inferior to the fortunes of his former wife. Mariah currently holds capital and assets evaluated at $510 million, making her one of the wealthiest recording artists in the world. The couple went separate went after five years of marriage. As for today, Mottola is living with his third wife, Thalia.

Now you have an idea why Tommy Mottola net worth is this huge

tommy mottola net worth

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