Thomas Daniel Mottola (born July 14, 1948) is an American businessman, record executive, television producer, theater producer, film producer, investor, and entrepreneur.
He serves as Chairman of Mottola Media Group, co-founder of NTERTAIN Studios, and a founding partner of Range Media Partners. Previously, he was Chairman and CEO of Sony Music Entertainment, where he led the Columbia label for nearly 15 years. Since 2000, he has been married to Mexican actress and singer Thalía.
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Tommy Mottola Net Worth
Tommy Mottola has a net worth of $540 million. In 2010, he and his wife Thalia purchased a 6-acre undeveloped property in Greenwich, Connecticut for $2.85 million.
Over three years, they designed and built a 9-bedroom, 12,300-square-foot home, complete with a footbridge to a private island on the property’s lake. They listed it for sale in April 2017 and sold it in April 2019 for $14.875 million.
Early life
Thomas Mottola was born in The Bronx to a middle-class Italian American family. He graduated from Iona Grammar School in 1962 and Iona Prep in 1966, briefly attended military school, and dropped out of Hofstra University to pursue a music career as a guitarist and singer with The Exotics, an R&B cover band.
In the mid-1960s, he recorded for CBS Records as “T.D. Valentine”. Afterward, he joined Chappell Publishing and launched Champion Entertainment Organization, managing artists like Daryl Hall & John Oates and the black rock group Xavion.
Career
Tommy Mottola began in music as T.D. Valentine with CBS in the 1960s, then moved to Chappell Publishing and founded Champion Entertainment, managing Daryl Hall & John Oates. At 37, he led Sony Music, expanding globally and working with stars like Mariah Carey, Celine Dion, and Beyoncé.
Mottola raised Sony’s revenue to $6 billion by 2000. After Sony, he founded Mottola Media Group, re-launched Casablanca Records, signed Cassie and Mika, published “Hitmaker” in 2013, and produced A Bronx Tale on Broadway.
Personal Life
In 1971, Tommy Mottola converted to Judaism to marry Lisa Clark, daughter of ABC Records head Sam Clark. They had two children, Michael and Sarah, before divorcing in 1990. In 1993, he married Mariah Carey in a lavish ceremony, but they divorced in 1998.
That same year, Carey left Columbia for an $80 million contract with Virgin Records. In 2000, Mottola began dating Thalia and married her that December at St. Patrick’s Cathedral. They have two children: Sabrina Sakae and Matthew Alejandro.
What does Tommy Mottola do now?
Tommy Mottola currently leads Mottola Media Group, a global media and entertainment company based in New York City, specializing in live theater and television production.
Conclusion
Tommy Mottola’s net worth is not merely a figure but a narrative of innovation, perseverance, and the ability to adapt to an ever-changing music industry. It reflects a career built on foresight, talent, and the relentless pursuit of excellence.
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FAQs about Tommy Mottola Net Worth
- How did Tommy Mottola amass his wealth? Mottola built his wealth through his roles as a music executive and business entrepreneur, most notably during his tenure at Sony Music Entertainment.
- Has Tommy Mottola worked with any other major artists? Yes, Mottola has worked with a plethora of artists including Mariah Carey, Celine Dion, Destiny’s Child/Beyonce, Jennifer Lopez, and many others.
- Is Tommy Mottola involved in any other industries besides music? Yes, he has interests in television production, theater, and fashion, among others.
- How has Tommy Mottola impacted the music industry? Mottola has had a significant impact by signing and developing some of the biggest artists in the world, thereby shaping the global music scene.
- What is the most notable aspect of Tommy Mottola’s career? His leadership at Sony Music Entertainment stands out, where he grew the company’s revenue multi-fold and championed the digital music revolution.
