Tommy Mottola net worth is estimated to be around $540 million as of 2024. Tommy Mottola is an American businessman, record executive, television producer, theater producer, film producer, Author, investor, and serial entrepreneur born on July 14, 1948. He currently serves as Chairman of Mottola Media Group co-founded Ntertain Studios and is a founding partner of Range Media Partners.
Mottola gained significant recognition as Chairman and CEO of Sony Music Entertainment which owns the Columbia label a role he held for almost 15 years. Since the year 2000, he has been married to Thalía a well-known Mexican actress and singer.
Tommy Mottola in brief
| Full Name | Thomas Daniel Mottola |
| Date of Birth | July 14, 1948 |
| Place of Birth | Bronx, New York City, USA |
| Occupation | Music executive, producer |
| Height | 6 feet (183 cm) |
| Spouse | Thalía (m. 2000) Mariah Carey (m. 1993–1998) Lisa Clark (m. 1971–1990) |
| Children | Sabrina Sakaë Mottola Sodi Michael Paul Mottola Sarah Lisa Mottola |
| Net Worth | $540 million |
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What is Tommy Mottola Net Worth in 2024?
Tommy Mottola is an American businessman, record executive, television producer, theater producer, film producer, Author, investor, and serial entrepreneur with a net worth of $540 million as of 2024, according to Celebrity Net Worth. He’s well-known as a record executive and talent manager. Tommy started as a musician in the 1970s but soon moved into managing artists. He worked with famous acts like Hall & Oates.
Tommy made a huge impact while he was Chairman and CEO of Sony Music Entertainment from 1988 to 2003. Under his leadership, Sony became a top music company worldwide. He helped launch and boost the careers of many big stars like Mariah Carey, Celine Dion, Gloria Estefan, and Shakira.
He’s famous for his great taste in music and business skills. In the 1990s and early 2000s, he helped shape pop music and was key in making Latin music popular, promoting stars like Ricky Martin and Jennifer Lopez.
After leaving Sony, Tommy started Casablanca Records and has been involved in other entertainment projects. He also wrote a book called “Hitmaker,” where he shares his experiences in the music world.
Tommy Mottola’s Early Life and Education
Tommy Mottola was born in The Bronx to a middle-class Italian-American family. He finished Iona Grammar School in 1962 and Iona Prep in 1966. After a brief stint in military school and dropping out of Hofstra University, he dove into music. Initially, he played guitar and sang in an R&B cover band called The Exotics.
In the mid-1960s, Mottola joined CBS Records as a recording artist under the name “T.D. Valentine”. When his solo career didn’t take off he shifted gears. He began working for Chappell Publishing and later launched his own management company Champion Entertainment Organization. At Chappell, he connected with many musicians and eventually signed his first successful clients Daryl Hall & John Oates. Mottola played a key role in getting them record deals and lucrative endorsements.
He also successfully managed the black-rock group Xavion using innovative strategies like music videos and corporate sponsorships for their tours.
Tommy Mottola’s Career
Sony/Columbia
In 1988, Tommy Mottola was hired by Sony Music (then CBS Records) to lead its operations in the US and by 1990 he became the Chairman and CEO of Sony Music. Under his leadership, Sony Music expanded to more than sixty countries and was the first major music company to offer digital music downloads. By 2000 Sony Music was generating over $6 billion in annual revenue.
Mottola is well-known for signing major artists like Mariah Carey Celine Dion Destiny’s Child and others. He also oversaw the release of digitally remastered albums from legends such as Barbra Streisand and Bruce Springsteen.
His tenure with Michael Jackson began during the recording of the “Dangerous” album. However, their relationship soured by the time of Jackson’s “Invincible” album with Jackson accusing Mottola of unfair practices and racism though others like Al Sharpton defended Mottola’s support for the black music industry.
After Sony
After leaving Sony in 2003, Tommy Mottola launched his own entertainment company focusing on music, TV theater, and fashion. He helped revive the careers of artists like Marc Anthony and Lindsay Lohan and also partnered with Universal Music Group to revive Casablanca Records.
Mottola Media Group
Mottola authored a book called “Hitmaker” in 2013 and founded Mottola Media Group which produced projects like the Broadway musical adaptation of “A Bronx Tale” and documentaries for HBO.
NTERTAIN Studios
In 2021, Mottola co-founded NTERTAIN Studios focusing on creating diverse content across various platforms particularly highlighting Latino stories and talent. The company has produced shows like “Los Montaners” for Disney+ and “Thalia’s Mixtape” for Paramount+.
Tommy Mottola’s Personal Life
Tommy Mottola has been married three times. His first marriage was to Lisa Clark the daughter of Sam Clark who was the head of ABC Records. They got married in 1971 after Tommy converted to Judaism. They divorced in 1990 after having two children together.
In June 1993, Tommy married Mariah Carey. They separated in May 1997 and finalized their divorce in March 1998.
Tommy’s third marriage was to Thalía which took place on December 2, 2000, at St. Patrick’s Cathedral in New York City. They have two children together: a daughter born in October 2007 and a son born in June 2011.
Tommy Mottola’s Awards
Here are some of the important awards and honors Tommy Mottola has received over the years:
City of Hope Spirit of Life Award (1990): This award recognizes his charity work and support for City of Hope’s mission.
Billboard Power Player of the Year (1993): This award acknowledges his influence and leadership in the music industry.
TJ Martell Foundation Humanitarian of the Year: This award honors his dedication to cancer leukemia and AIDS research.
National Italian-American Foundation Honoree (24): This award celebrates his accomplishments and contributions as a notable Italian-American.
Star on the Hollywood Walk of Fame (2019): This star symbolizes his lasting impact and legacy in entertainment.
Tommy Mottola Real Estate
In 2010, Tommy and his wife Thalia bought a 6-acre piece of land in Greenwich, Connecticut, for $2.85 million. They took three years to design and build their dream house. The house has 9 bedrooms and is very big at 12,300 square feet. It even has a footbridge to a small island on a lake!
They put their home up for sale in April 2017. After two years, in April 2019, they sold it for $14.875 million. You can check out a video tour of their amazing home!
