Steve Rifkind was born on the 2nd March 1962, in Merrick, Long Island, New York USA, and is a music entrepreneur, best known as the chairman and founder of Loud Records and SRC Records. Rifkind has collaborated with such artists as Big Pun, Joell Ortiz, David Banner, Mobb Deep, Akon, and Wu-Tang Clan.
Have you ever wondered how rich Steve Rifkind is, as of mid- 2017? According to authoritative sources, it has been estimated that Rifkind’s net worth is as high as $200 million, an amount earned through his successful career as a music entrepreneur, which started in the early-70s. In addition to collaborating with superstar hip-hop artists, Rifkind has also worked on marketing campaigns for large companies, which improved his wealth too.
Steve Rifkind Net Worth $200 Million
Steve Rifkind is the son of Jules Rifkind, who was the owner of the Spring Records, the record company that was very influential in the ‘60s and ‘70s and worked with such artists as James Brown and Millie Jackson.
Rifkind worked with his father for years, and was very interested in R&B and hip-hop music, so he promoted the single “”King Tim III (Personality Jock)” by the FatBack Band in 1979. The song is regarded as the first rap song ever, just ahead of the Sugarhill Gang’s “Rapper’s Delight”. Steve then moved to Los Angeles, California and was the manager of the R&B group called New Edition from 1986 to 1988. In 1991, Rifkind founded the new record label named Loud Records, and launched such influential hip-hop artist in the early ‘90s as Wu-Tang Clan, Three 6 Mafia, Mobb Deep and Big Pun, all of whom helped to add to Steve’s increasing net worth.
In addition to making records and promoting, Rifkind’s company also lsunched a clothing line, and film division, both of which have significantly increased his wealth.
In 1996, he sold 50% of the company to the RCA, while three years later Loud Records moved to Sony. In 2002, Rifkind founded the Street Records Corporation, and worked with popular hip-hop figures such as David Banner and Akon, while in 2003 he became a Vice President of the Universal/Motown Records group. In 2008, Steve founded a technology marketing company called the Rifkind Thal Group and had numerous prestigious clients including the SanDisk, a data storage manufacturer and products inventor. Today, he is still one of the most recognizable names in the hip-hop industry, as a quite influential figure in promoting and advertising.
Regarding his personal life, Steve Rifkind has two sons and a daughter with now ex-wife Nicole Lamy, and ex- model and now interior designer.
He is a well-known philanthropist who co-founded a week-long overnight camp for underprivileged children who have problems with learning disabilities. Additionally, Rifkind donates a lot of money to breast cancer charities.
