Net Worth

Tommy Mottola Net Worth

Updated January 2, 2020
3 min read

How much is Tommy Mottola worth? $400 million

How did Tommy Mottola earn his money and wealth?

Tommy Mottola was born on July 14, 1949. He is an American music artist. Tommy is the founder of Casablanca Records in a joint project with the Universal Music Group. In 1988, Mottola was appointed by Sony Music by Walter Yetnikoff to run its U.S. operations. In 1990, he joined in place of Yetnik off as Chairman-CEO of the Sony Music. During his contract, he converted Sony into one of the most successful and popular global music companies, growing its businesses into more than 60 countries, while creating one of the most solid management teams in the music industry.

He restored Sony Music’s publishing division by making such attainments as the Beatles index and allowed Sony to become the first main music company to make accessible marketable digital downloads. Mottola has serves as the designer for some of the biggest global brands of Sony that includes Celine Dion and Mariah Carey. During his 15-year contract, Mottola raised Sony up from a company with incomes of $800 million a year to one with over $7 billion of annual income by the year 2000.

Mottola was the chief of Sony Music Entertainment until January 2003. After he left his position as chief of Sony Music, Mottola built a new entertainment company including recorded music, theater and television production. He was involved in re-launching the various careers of music artists including Lindsay Lohan and Marc Anthon. He also signed the contracts with Cassie Ventura and Mika in 2006 and 2007 respectively. Mottola also published a book named “Hitmaker” in 2013, co-written with Cal Fussman. In the book, he tells about his successes and achievements and the determination that pushed him to the top of the business, and also talks at length about his blue days and failures.

Mottola launched the current adaptation of music of A Bronx Tale of Chazz Palminteri. Mottola’s TV production division is currently producing and developing many shows for cable and network television. Tommy has been married three times. In 1971, In order to marry his first wife, Lisa Clark, who is a daughter of Sam Clark, ABC Records head,  he converted to Judaism. However, the couple divorced in 1990. The couple had two children.

In 1993, he married his second wife, Mariah Carey. They filed for divorce in 1997. His second wife claimed that he physically, emotionally and mentally abused her. IN 2000, He married his third wife, the Mexican star Thalía. The couple has two children together.

What are the most popular appearances of Tommy Mottola?

  1. Daryl Hall & John Oates: Rock ‘N Soul International (1984)
  2. Hall & Oates: Some Things Are Better Left Unsaid (1985)
  3. Carly in Concert: Coming Around Again (1987)
  4. Gloria Estefan’s Caribbean Soul: The Atlantis Concert (2000)
  5. Born to Diva (2003)
  6. The Latin Explosion: A New America (2015)
  7. 15: A Quinceañera Story (2017)

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