Est. Range $233M - $368M
L.A. Reid is an American record executive, A&R representative, and record producer. He is the founder and serves as co-chairman of Hitco Entertainment. He also previously served as the chairman and CEO of Epic Records and The Island Def Jam Music Group, as well as the president and CEO of Arista Records.
Reid started his career as a musician, joining the Ohio R&B bands Pure Essence in 1973, and The Deele in 1981 as a drummer. He also has an extended musical career serving as a record producer, programmer, and instrumentalist for various recording artists. He also founded Hitco Music Publishing in 1996 as well as co-founded LaFace Records with producing partner Kenneth "Babyface" Edmonds. Reid appeared as a judge on the first two seasons of the U.S. version of the television show The X Factor, after which he focused on the release of Xscape, the posthumous album by American singer-songwriter Michael Jackson.
Reid has won three Grammy Awards, including as a songwriter for Boyz II Men's "End of the Road". His life is documented in his 2016 memoir Sing to Me: My Story of Making Music, Finding Magic, and Searching for Who's Next, which also made the New York Times bestseller list.
How long would it take you to earn as much as L.A. Reid?
From rock stars to jazz musicians, musicians are performers at heart. However, for most, music isn’t a very lucrative career at all. In the United States, the average musician earns only $35,300 annually from their music career, counting income from a variety of sources. For most, performing and teaching make up the majority of the amount and most need side gigs (or day jobs) to make ends meet.
However, for the lucky few, music is more than a vocation – and it does more than just pay the bills. It propels them to stardom and with the associated royalties and endorsement opportunities, they’ll have more money than they’ll ever need. Not only can they dress up in leather pants or skin-tight dresses and perform around the world, but they can keep earning money on every track they sell.
Yes, record labels can be tough and the changes in the music industry and the pandemic have hit musicians in the pocket. However, there are still many musicians with more money than they know what to do with. And, of course, fame gives them the opportunity to earn more through photo appearances and product endorsements, while licensing tracks for commercials and movies provide ongoing opportunities. And, due to royalty laws, musicians can keep earning money on their songs long after they’ve died.
L.A. Reid's net worth of 300 million can buy...
The Wealthiest Index is a ranking of the world's richest people. In calculating Andre Agassi’s net worth, we strive to provide the most transparent calculations available with detailed analysis of how that Andre Agassi’s fortune was made. Each net worth figure is updated at regular intervals to reflect market movements.
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