Steve Stoute was born on 15 November 1971 in Queens, New York City, USA. Steve is probably best known as the founder and CEO of the brand development and marketing firm Translation, but also one of the most popular record producers in the USA.
So just how rich is Steve Stoute? Steve has a net worth estimated by sources at $55 million, which wealth he has managed to accumulate largely while working as an entrepreneur and advertising specialist, and also from writing.
Steve Stoute Net Worth $55 Million
As a record producer, Steve Stoute is known through such labels as Sony Music Entertainment and Interscope Records. While involved in the latter, Steve had a chance to work along with such famous names in the music industry as U2 and Limp Bizkit. Interscope Records also contributed to the production of Eminem`s debut album, so it should be no surprise that Steve Stoute’s net worth is so high.
As an advertising executive, Steve Stoute has also had a great career that has helped to boost the total size of his net worth. What is interesting is that Steve Stoute is labelled as the man who initiated a revolution in communication between consumers and famous musicians.
Steve Stoute’s net worth has been increasing considerably from working as an entrepreneur, too. Most significantly, the company named Translation was founded by Steve, which is best known for working in collaboration with such worldwide-known companies as Hewlett-Packard, McDonalds, and State Farm. Translation has also had a chance to work with Beyonce and Justin Timberlake, two famous musicians.
For being so successful in business, Steve Stoutr`s name was entered into the Advertising Hall of Achievement by the American Advertising Federation. A further example of Steve’s business is that in 2005 Stoute became the CEO of Carol`s Daughter, a company producing hair and body care merchandise. His famous investors are such stars as Jada Pinkett Smith, Will Smith, Jay-Z, and Mary J. Blige.
Steve Stoute is an author, too. His first published book was The Tanning of America: How Hip-Hop Created a Culture That Rewrote the Rules of the New Economy, released in 2011. In the book, Steve dealt with the issue of urban culture in terms of music industry, street poetry and brand marketing. The book was released again in 2014, but this time as an audio-book whose narrator is Kerry Washington.
Steve Stoute is also in demand as a speaker at many famous events, for example, South by Southwest, AAF`s ADMERICA, Sundance Film Festival, and Fast Company Innovation Uncensored. Such a successful business career in many areas of the entertainment industry purports an increase to Steve Stoute’s net worth.
What is also interesting and significant is that Steve Stoute is a co-founder of the Foundation for the Advancement of Women Now (FFAWN), along with Mary J. Blige. Their goal is to promote women into higher positions in higher education institutions. Steve also actively promotes minority recruitment campaigns in many areas of government, and private companies.
Steve Stoute keeps his personal life very private, and although he is married, little is known of his family life.
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