Berry Gordy net worth: Berry Gordy is an American record executive and producer who has a net worth of $345 million. Berry Gordy was born on November 28, 1929 in Detroit, Michigan. Berry is most famous for being the founder of Motown Records. As President of Motown Records, he was responsible for shepherding the careers of many music superstars including, Smokey Robinson, Stevie Wonder, The Temptations, Gladys Knight and the Pips, and The Jackson 5. Gordy dropped out of high school in 11th grade in order to pursue a career as a professional boxer. That career did not last long and soon Berry was drafted into the Army during the Korean War. When he returned from the war Berry opened a record store called 3-D Record Mart. The store specialized in selling jazz albums to a largely African-American customer base. In his free time Berry also wrote songs, one of which "Reet Petite" became a hit for Billy Davis. Using the profits earned from "Reet Petite" Berry began writing and producing full time. He founded Motown Records in 1959. Technically he founded two companies, Tamala Records and Motown. He did this because he was worried about breaking payola laws where DJs play too many records from one company. In April 1960 the two record companies were incorporated as one Motown Record Corporation. By 1966, Motown had 450 employees and generated $20 million in revenues ($144 million in today's dollars). Throughout the late 60s and 70s, Motown became one of the most successful independent record companies ever to exist. In 1988 Berry sold his stake in the company to MCA Records for $61 million ($120 million in today's dollars).
Berry Gordy Net Worth
Have something to add to this net worth? Share it by adding comments below.
Date of Birth
Nov 28, 1929
Entrepreneur, Record producer, Songwriter, Businessperson, Film Producer, Television producer, Musician, Music executive
United States of America
Berry Gordy, Jr., Berry Gordy III, Gordy, Berry, Berry Gordy Jr.
After Earning $100 Million In The NBA, Vin Baker Has Lost His Entire Fortune And Is Now Working At Starbucks...on Jul 29, 2015
Real Estate Tycoon Leaves $20 Million To Daughters, But There's A Catch! Actually Several Catches...on Jul 31, 2015
NBA Rookie Makes Big Gamble On Himself... Ends Up With Huge Paydayon Jul 31, 2015
The Incredible Story Of How Young Jeezy Ended Up Bringing $2 Million In Cash To A Photoshooton Jul 29, 2015
Top 10 Most Expensive Stadiums In The Worldon Jul 31, 2015
Forget Winning A Tour Of A Chocolate Factory. This $1500 Golden Ticket Could Eventually Be Worth BILLIONS...on Jul 30, 2015
Fly The Friendly And Luxurious Skies Around The World In The Four Seasons' New Private Jeton Jul 31, 2015
Seattle Seahawks Sign Russell Wilson To A Massive 4-Year $87.6 Million Revolutionary Dealon Jul 31, 2015
Amazing Car Of The Day: The Lamborghini Aventadoron Jul 31, 2015
In 1987, Junk Bond King Michael Milken Earned $550 Million. Two Years Later He Was In Jail. This Is His Crazy Life Story...on Jul 30, 2015
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
- Miracle On Ice Goalie Selling Memorabilia From Iconic Game For $5.7 MillionFor hockey fans there is no moment that personifies the greatness of the game and the ability of it to impact society quite like the Miracle on Ice. For $5.7 million the most impressive collection of memorabilia from the game can be yours.
- DraftKings Just Raised $300 Million. Here's How It Will Change The Way You Watch SportsDraftKings helped the daily fantasy sports concept become a multibillion-dollar industry. Two recent moves will take daily fantasy sports to an even higher level.
- 10 Billionaires And Millionaires Who Became PoliticiansThe 10 billionaires and millionaires on this list had business success and financial success, yet they still wanted more. They wanted to influence their country. Many want – or wanted – to run their country.
- What Is New England Patriots QB Tom Brady Still Fighting For?NFL commissioner Roger Goodell decided to uphold Tom Brady's four-game suspension for his role in the whole Deflate-Gate mess. So what does it all mean and what happens next...