Jimmy Iovine Net Worth?
Jimmy Iovine is a music producer and businessman from United States with the estimated net worth of $1 billion. Jimmy first made his riches with the help of Interscope Records which was especially popular during the 1990s and the 2000s with the help of rap musicians including Dr. Dre, Tupac, Snoop Dogg, and Eminem.
He then made another wealth as the co-founder of Beats Electronics which was sold to the Apple for $3 billion in May 2014. What Amazon was never able to achieve, it received with the Apple deal. In cash, and $400 million in stock, Dr Dre and Jimmy both owned 25% of the company and it meant that each of had $750 million before taxes (approximately $580 million after taxes).
Another rationale that Apple mostly wanted to acquire the music service was to hire him as an employee to advise the company in the media industry when it wanted to negotiate on issues concerning music and video streaming platforms in the future.
Early Life
Jimmy Iovine was born at the 11th of March in the year 1953 in Brooklyn, New York to a hard-working Catholic-Italian family. He enrolled in John Jay College of Criminal Justice but dropped out at the age of 19 and got janitor’s job at New York’s Record Plant Studios.
By getting this job Jimmy got acquainted with the world music production. From here he progressed quickly from simply being one of the cleaners of the studios to assist with other basic production tasks. An engineer who trained Jimmy was Ray Cicala who worked for the company and had many clients and projects to his credit.
Career
Jimmy Iovine was having problems with a song titled “Stay in the Chair”, Jimmy decided to take the song and make it much more concise though the engineering booth. It impressed the former Beatle and Jimmy would collaborate on two more of Lennon’s solo albums.
John Lennon made Jimmy Iovine a star because of this project. In 1970s he emerged as one of the formidable music producer/engineers most in demand. He would go onto craft records for such acts as Bruce Springsteen & The E Street Band, Tom Petty & The Heartbreakers, U2 ‘Innocence & Experience’, Stevie Nicks, Simple Minds, Side One Track One, Dire Straits, Patti Smith and more.
Real Estate
Jimmy Iovine main house for the last 30 years has been 1.76 acres spread on of land, it is a luxurious house in Los Angeles most affluent neighborhood, Holmby Hills. This property was bought in 1998 at $7 million by him for the estate.
The estate has a lawn of nearly size of an NFL football field fitting for Jimmy because he loves to entertain friends through touch football games.
Currently, in March 2015, the star being featured as owning a sizeable Malibu mansion, which cost a massive $60 million. The seller was television producer Marcy Carsey; co-founder of The Carsey-Werner Company, which produced The Cosby Show, Roseanne, 3rd Rock from the Sun and more.
