What is L.A. Reid Net worth?
L.A. Reid Net worth is US$ 300 Million as of January 2023.
|Net Worth||US$ 300 Million|
|Full Name||Antonio Marquis “L.A.” Reid|
|Born||June 7, 1956 (67 Years)|
|Country of Origin||United States of America|
|Source of Wealth||Record Executive, Songwriter, Record Producer|
|Spouse(s)||Erica Reid (m. 2000) Pebbles (m. 1989 – div. 1996)|
|Children||Antonio M. Reid Jr., Aaron Alexander Reid, Arianna Reid & Addison Reid|
|Famous For||As The Co-Founder Of Laface Records|
Table of Contents
Antonio M. Reid, an American record producer, executive, songwriter, and musician, is better known by his stage name L.A. Reid. He is the current chairman and chief executive officer of the music label “Epic Records” and is thought to have a US$ 300 million net worth. Working with superstars like Rihanna, Avril Lavigne, Bon Jovi, and Pink has shown L.A. Reid an excellent talent for discovering aspiring celebs and nurturing immensely successful musicians. Reid’s long history of selecting the proper people to support and promote, along with his most recent performances on the American version of the British music competition “The X Factor,” have all contributed significantly to his sizable net worth growth. L.A. Reid Net worth is US$ 300 Million as of January 2023.
Reid and his bandmate Kenneth “Babyface” Edmonds started’ LaFace’.
‘The Hitco Publishing Group’ was founded by Reid.
As LaFace merged with Arista Records, Reid was promoted to the role of president and CEO of that firm.
L.A. Reid’s Arista employment was terminated.
Reid left as CEO and Chairman of Island Def Jam.
Reid returned for Season 2 of The X Factor.
Reid’s autobiography, Sing to Me: My Story of Making Music, Finding Magic, and Searching for Who’s Next, was published.
Reid started Hitco Entertainment LLC, and became its co-founder and chairman.
Antonio Marquis Reid, also referred to as L.A. Reid, was born in Cincinnati, Ohio, on June 7, 1956. Since he was a youngster, he has been a massive fan of James Brown, Sly Stone, and Led Zeppelin. In his younger years, Reid gained a reputation for turning almost anything-pots, pans and anything else would work—into a drum set. Cincinnati, a city with its illustrious musical history, was equally crucial to his musical growth. Reid began playing the drums in a band in his teens, honing his performance skills in front of small audiences. Reid’s friends gave him the moniker “L.A.” because of his refined taste in luxury clothing, which enhanced his reputation and demeanor.
L.A. Reid played drums for the Pure Essence band in the middle of the 1970s. Through the band The Deele, which produced several hit songs, he achieved more well-recognized popularity. The Deele’s Kenneth “Babyface” Edmonds was his bandmate.
Once The Deele split up, Via a joint venture with Arista Records, Reid and Babyface co-founded LaFace Records with funding given by Clive Davis, the owner of Arista Records. In the late 1990s and early 2000s, LaFace Records would become one of the most prosperous record labels in the world. TLC sold 75 million records globally via LaFace recordings. Outkast sold 25 million records. Usher and Toni Braxton signed with the company when they were 16 years old and sold 65 million records.
Reid and Windswept Music established the Hitco Publishing Group as a joint venture in 1996. He held the president and chief executive officer positions for Atlanta, Georgia-based Hitco. Eventually, in May 2000, Babyface and Reid gave their parent firm BMG the final 50% ownership of LaFace Records. Reid then took over as president and CEO of Arista Records, and LaFace became an imprint of that company. Pop rocker Avril Lavigne was one of the first unsigned musicians Reid signed to Arista. He also signed P!nk and Ciara as artists during this time.
Island Def Jam
Reid was let go from Arista in 2004 following the merger of Sony and BMG. He relocated to The Island Def Jam Music Group the following year, when he was appointed chairman and CEO. He successfully launched the careers of numerous musicians there, including Rihanna, Justin Bieber, and Kanye West, and helped orchestrate the comebacks of Mariah Carey and Jennifer Lopez. In May 2011, he left his position at Island Def Jam. Reid later assumed the roles of chairman and CEO of Epic Records in July 2011. He participated in the first two seasons of the U.S. edition of “The X Factor” as a judge. Still, in December 2012, he announced he would not return for the third season, citing the need to concentrate on his leadership at Epic.
One of the significant projects Reid worked on following his departure from “The X Factor” was the posthumous Michael Jackson album “Xscape.” Jackson’s 1983–1999 recordings that were previously unpublished were used to create the album. StarGate and Rodney Jerkins were among the record producers on the album, released in May 2014. Co-authored with Joel Selvin, Reid’s autobiography, “Sing to Me: My Tale of Creating Music, Discovering Magic, and Looking for Who’s Next,” was released in 2016. Reid’s departure from Epic Records was subsequently confirmed in May 2017. Following charges of s*xual harassment against Reid from a female coworker and other allegations that followed, Reid announced his departure. In 2018, Reid and Charles Goldstuck, the previous CEO of TouchTunes Interactive Networks, formed Hitco Entertainment, LLC. Hitco Entertainment has signed Dinah Jane of Fifth Harmony, Yella Beezy, Big Boi of Outkast, and Delacey among its roster of musicians.
Reid has written and produced music during his career for numerous artists, including Bobby Brown, TLC, Outkast, Paula Abdul, Meghan Trainor, Justin Bieber, Kanye West, Ne-Yo, Rihanna, Future, Fifth Harmony, Travis Scott, ick Ross, DJ Khaled, Whitney Houston, and Halsey. Among many other honors, he has earned three Grammy Awards, the Harvard University Alumni Award of Achievement in Media, and was recognized alongside Babyface as a BMI Icon at the 2006 BMI Urban Awards.
L.A. Reid Net Worth Growth
It’s estimated that Reid is worth US$ 300 million. Reid has amassed a substantial fortune thanks to his extensive list of achievements in the music business, where he has aided several gifted performers in achieving global fame. While Reid continues to work on expanding the roster of musicians working with his company, “Epic Records,” his celebrity and net worth look likely to continue growing as well.
- BMI Icon at the 6th annual BMI Urban Awards
- National Academy of Recording Arts and Sciences President’s Merit Award
- three-time Grammy Award
- Harvard University Alumni Award of Excellence in Media.
- BET Honors for The Business of Entertainment Award
Favorites Quotes from L.A. Reid
“I live for opening doors for the young generation of creators. If we do nothing else with our success, let’s open up some doors.”– L.A. Reid
“You always have to know when to bow out. You bow out while you are on top.”– L.A. Reid
“We don’t sign an artist to fill a void, ever. I’ll never find a Taylor Swift. You can’t find a new Madonna, you cannot find a Prince, a Bob Marley, a John Lennon. You won’t find another Kanye West. We simply deal with people as they walk in, and we say we either love them or we don’t.”– L.A. Reid
“Listen, we’re still selling stardom. That doesn’t go away because MTV decides they can’t play videos or they want to program themselves more as a traditional T.V. station. Vevo and YouTube are like MTV online, and on demand.”– L.A Reid
“I am a record executive and I shall be right there in your face with my records.”– L.A. Reid
“I think of myself as a producer who tries to bring the best out of everyone, whether that be an artist, songwriter or a publicist.”– L.A. Reid
“I’m one of those foolish people who believe the glory days of the record industry aren’t behind us. They’re actually ahead of us.”– L.A. Reid
Key Life Lessons from L.A. Reid
- Ultimately, you do not influence the outcomes; all you have control over is how hard you work and how focused you are.
Frequently Asked Questions
The guitarist in his band gave him the moniker “L.A.” because of a Los Angeles Dodgers t-shirt he was sporting. In high school, drummer L.A. Reid played.
Reid is still in charge of Hitco Entertainment, which he and Charles Goldstuck co-founded in 2018. ROSES, a song by Hitco singer Saint JHN, has become a worldwide smash; other Hitco artists include Jennifer Lopez, The-Dream, Big Boi of OutKast, Yella Breezy, Delacey, and Dixie D’Amelio.
Antonio M. Reid, better known by his stage name L.A. Reid, is an American record producer, executive, songwriter, and musician. He is the current chairman and chief executive officer of the music label “Epic Records” and is thought to have a US$ 300 million net worth. He has worked with superstars like Rihanna, Avril Lavigne, Bon Jovi, and Pink. His long history of selecting the proper people to support and promote has contributed to his sizable net worth growth. LaFace Records is one of the most prosperous record labels in the world, with TLC selling 75 million records globally and Outkast selling 25 million records.
Babyface and Reid gave their parent firm BMG the final 50% ownership of LaFace Records in 2000, and Reid took over as president and CEO of Arista Records. He was let go from Arista in 2004 and relocated to The Island Def Jam Music Group, where he launched the careers of numerous musicians and helped orchestrate the comebacks of Mariah Carey and Jennifer Lopez. He left Island Def Jam in 2011 and assumed the roles of chairman and CEO of Epic Records in July 2011.
As a judge, he participated in the first two seasons of the U.S. edition of “The X Factor” but announced he would not return for the third season. He worked on the posthumous Michael Jackson album “Xscape.” La Reid has written and produced music for numerous artists, including Bobby Brown, TLC, Outkast, Paula Abdul, Meghan Trainor, Justin Bieber, Kanye West, Ne-Yo, Rihanna, Future, Fifth Harmony, Travis Scott, ick Ross, DJ Khaled, Whitney Houston, and Halsey. He has earned three Grammy Awards, the Harvard University Alumni Award of Achievement in Media, and was recognized alongside Babyface as a BMI Icon at the 2006 BMI Urban Awards. L.A. Reid Net worth is estimated to be worth US$ 300 million.