Clarence Avant net worth: Clarence Avant is an American music executive and film producer who has a net worth of $10 million dollars. Born in Climax, North Carolina, Clarence Avant moved to New Jersey when he was sixteen years old, and began working at Macy's. He subsequently became manager of Teddy P's Lounge in Newark, New Jersey, and then went on to manage multiple performers, including Little Willie John, Sarah Vaughn, and Tommy Wilson. He relocated to California to work for Venture Records, Inc. in 1967. As a music executive, he became nationally recognized after he brokered the first venture between an African-American artist and a major record company. The label shut down in 1969. He launched his own record label in 1969, Sussex Records, Inc. The label went out of business in 1975. He went on to work as an executive and consultant for multiple record labels and production companies, and is currently the President of multiple music publishing companies.