Jimmy Iovine net worth:Jimmy Iovine is an American music producer, entrepreneur and the chairman of Interscope-Geffen-A&M who has a net worth of $700 million. Jimmy Iovine was born on March 11, 1953 in Brooklyn, New York. Iovine got his start in the music industry as a recording engineer, but his interest was always in the area of music production. That interest turned into reality for Iovine in the mid-1970s when his contacts with performers paid off. Jimmy helped produce albums for artists such as Tom Petty & the Heartbreakers, U2 Stevie Nicks, Simple Minds, Dire Straits, Patti Smith and more. That impressive client list brought him fame and, over time, new clients. In 1990, Iovine co-founded Interscope Records which ultimately became InterSsope-Geffen-A&M. He was elected chairman, the position he has heldsince 2001. Iovine, who helped Eminem launch his career, is currently working with pro basketball superstar LeBron James to produce a TV documentary and is a guest judge on American Idol.