Tommy Mottola, born in the Bronx, New York on July 14, 1949 is the co-owner of Casablanca Records, a joint division of the Universal Music Group, and has a net worth of $100 million. He began his career in the industry through running CBS Records at age 37, and when the company was bought by the Sony Corporation soon afterwards, Mottola was named the Chairman and CEO of Sony Music Entertainment.

Mottola transformed the reputation of Sony Music, expanding the business into 60 countries and signing and developing the careers of Mariah Carey, Celine Dion, Destiny’s Child/Beyonce, Jennifer Lopez, Shakira, Gloria Estefan, the Dixie Chicks, Marc Anthony, Barbra Streisand, Bruce Springsteen, and Billy Joel. In June of 1993, Tommy Mottola married Mariah Carey in a short lived marriage, divorcing in early 1998. In 2000, Carey left Columbia and signed an $80 million contract with Virgin Records. That same year Tommy Mottola began dating Latin singer Thalia, whom he married that December. The two had one child, Sabrina Sakae.

By the year 2000, Mottola had built Sony’s revenue to $800 million per year, with over $6 billion on annual revenue in the year 2000. Mottola left Sony Music Entertainment in 2003 to build a new entertainment company that helped re-launch the career of Usher with his album “Confessions” that sold over 20 million copies worldwide. Mottola then bought the rights to Casablanca Records and resurrected it with singer/actress Lindsay Lohan.