James Iovine Jr., commonly known as Jimmy Iovine, is a famous American record producer, music executive, musician, as well as an enterpreneur. Among his many achievements, Jimmy Iovine is perhaps best known to the public as a co-founder of one of the most popular record label in the industry, namely “Interscope Records”, a co-founder of “Beats Electronics”, as well as an executive of the front line umbrella label “Interscope Geffen A&M”. Currently, “Interscope Records” is considered to be the number-one charting record label with such artists as Eminem, Fergie, Lady Gaga, Lana Del Rey, Gwen Stefani and other famous artists under their roof. In 2013, HTC bought a half of the ownership rights from Iovine for $300 million, which significantly contributed to Iovine’s total wealth.
Jimmy Iovine Net Worth $950 Million
Iovine’s second business venture, namely “Beats Electronics”, is yet another commercial success. Iovine founded the company together with a famous rap artist Dr. Dre. The popularity of the company relies heavily on its various marketing techniques, such as branding deals with celebrities and product placement, both of which have proven to be very successful. In 2014, Iovine sold “Beats Electronics” for $3 billion to the “Apple” company, which in turn helped him earn $650 million from the deal.
In addition to both of these businesses, Jimmy Iovine also owns “Interscope Geffen A&M”, which oversees both “Interscope Records”, “Geffen Records”, as well as “A&M Records”.
A famous businessman, how rich is Jimmy Iovine? According to sources, Jimmy Iovine’s net worth is estimated to be $950 million, the majority of which comes from his business ventures.
Jimmy Iovine was born in 1953, in Brooklyn, New York. Ever since his teenage years, Iovine was extremely passionate about music production, which eventually led him to later choose a career in the area. Iovine started working in the studio in the early 1970s, when he initially worked as a recording engineer for such artists as Bruce Springsteen and John Lennon. Iovine rose to prominence as a producer with the release of Patti Smith’s studio album, which spawned a hit single under the name of “Because the Night”. The success of the album granted Iovine an opportunity to work with Tom Petty and the Heartbreakers on their third studio album called “Torpedoes”, as well as produce works for “U2”, Stevie Nicks, “The Pretenders” and many other artists.
In addition to music, Jimmy Iovine went on to produce a biopic film, starring Eminem and Brittany Murphy entitled “8 Mile”. The movie was a box office hit, as it grossed more than $242 million, and enjoyed a positive reception from audiences, as well as film critics. Iovine then went on to work on Le Bron James’ “More Than A Game”, as well as a famous film directed by Jim Sheridan entitled “Get Rich or Die Tryin’”, where the main role is played by 50 Cent.
More recently, up until 2003, Jimmy Iovine took part in the popular singing competition series “American Idol”, where he supported his protégées Phillip Phillips, Scotty McCreery, Candice Glover and Jessica Sanchez. Jimmy Iovine’s contributions to the entertainment industry have been rewarded with a Grammy Award from “The Producers & Engineers Wing”.
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