Tommy Mottola Net Worth: $540 million
Tommy Mottola net worth is estimated at $540 million. This includes his assets, money, and income. His primary source of income is his career as a record executive. Through his various sources of income, Boston has accumulated good fortune but prefers to lead a modest lifestyle.
10 Quick Facts About Tommy Mottola
- Name: Rachel Elizabeth Boston
- Age: 76 Years Old
- Birthday: July 14
- Zodiac Sign: Cancer
- Height: 5 feet 9 inches (1.75 m)
- Nationality: American
- Occupation: Actress
- Marital Status: Married to Tolya Ashe
- Salary: Under Review
- Net worth: $540 million
Early Life and Education
Mottola was born on 14 July 1948 in The Bronx, New York City, US, Thomas Daniel Mottola. He is from a middle-class Italian-American family. He graduated from Iona Grammar School in 1962 and Iona Prep in 1966.
Furthermore, he joined the military school for a time, and then high school. After dropping out of Hofstra University on Long Island, he pursued a music career as a guitarist and singer with The Exotics, an R&B cover band. Hitmaker: The Man and His Music.
in the mid-1960s, Mottola entered the music scene as a recording artist for CBS Records, under the name “T.D. Valentine”. After his attempt to become a recording star failed, Mottola started working for publishing powerhouse Chappell Publishing and started his own management company, Champion Entertainment Organization.
Rise to Fame
Mottola pursued a music career as a guitarist and singer with The Exotics, an R&B cover band. Hitmaker: The Man as well as His Music.
Mottola entered the music scene in the mid-1960s as a recording artist for CBS Records, under the name “T.D. Valentine”.
Achievements
Mottola is a famous Chairman of Mottola Media Group, cofounder of Ntertain Studios, founding partner of Range Media Partners, and was Chairman as well as CEO of Sony Music Entertainment, parent of the Columbia label, for nearly 15 years. Since 2000, he has been married to Mexican actress and singer Thalía.
Source Of Income
- Production fees: In some cases, he might have produced albums or other creative projects for artists, generating additional income.
- Stock options: Owning and exercising company stock could have generated significant income depending on market performance.
- Commissions: He used to manage artists like Billy Joel, earning commissions on their record sales and other ventures.
- Profits from record sales: As head of Sony Music, he would have benefitted from the overall profitability of the label’s artists and releases.
- Publishing royalties: Publishing deals for songs signed through the label could have contributed to his income.
Assets and Investments
- Real Estate: Mottola has acquired a substantial real estate portfolio, such as residential properties, commercial buildings, and land. These investments have provided him with a steady stream of rental income as well as potential capital appreciation, contributing to his overall net worth.
- Technology: Mottola has invested in emerging technology companies with high growth potential.
Personal Life
Mottola has been married three times. He converted to Judaism to marry his first wife, Lisa Clark, daughter of ABC Records head Sam Clark, in the year 1971. The couple divorced in the year 1990, after having two children.
Mottola married his second wife, Mariah Carey, on June 5, 1993. They revealed their separation on May 30, 1997, and later divorced on 5 March 1998.
He married his third wife, Thalía, on December 2, 2000, at New York City’s St. Patrick’s Cathedral. Their daughter was born in October 2007 and their son was born in June 2011.
Tommy Mottola Age
Mottola is 76 years old. He was born on 14 July 1948, in The Bronx, NY. Boston celebrates her birthday on 14 July every year and his birth sign is Cancer.
Tommy Mottola Height
Mottola stands at a height of 5 feet 8 inches tall.
Tommy Mottola Weight
Mottola has a moderate weight.
Tommy Mottola Family, Parents
Mottola was born to his father Thomas Mottola Sr. and his mother Peggy Bonetti.
Tommy Mottola Siblings
Mottola has three siblings: Mary Ann Mottola, Jean Mottola, and Joan Mottola.
Tommy Mottola Wife
Mottola is married to his third wife, Thalía. The couple on December 2, 2000, at New York City’s St. Patrick’s Cathedral.
Contacts
- X (Twitter)
- YouTube
- TikTok
- Website
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