The American record producer, record executive, songwriter and musician Antonio M. Reid will be more familiar to most by his nickname – L.A. Reid, the current chairman and Chief Executive Officer of the recording label “Epic Records” who has amassed an estimated net worth of $300 million. L.A. Reid has proven to have a true talent for spotting budding celebrities and fostering hugely successful artists, having worked with superstars like Rihanna, Avril Lavigne, Bon Jovi and Pink. Reid’s long string of successes in picking out the right person to endorse and aid, as well as his recent appearances on the American version of the British music competition “The X Factor”, have gone a long way in building up his considerable net worth.
L.A. Reid Net Worth $300 Million
Born on 7 June 1956 in the city of Cincinnati in Ohio, USA, L.A. Reid first began his career as a musician. Having been influenced in his youth by James Brown and “Led Zeppelin”, Reid has been quoted saying he was so drawn to music as a child that he spent much of early days turning anything he could find – pots, pans, anything the future recording industry giant managed to get his hands on – into drums. By the mid-1970s, Reid’s childhood hobby had turned into a career and he performed as a drummer with the R&B group “Pure Essence”. Over the course of the next few years, L.A. Reid would continue to perform as a drummer – until, in 1989, Reid and his former group mate, Kenneth Edmonds (otherwise known as Babyface), first entered the recording industry. Reid would soon find success after taking a young Usher under his wing, signing him to his and Babyface’s label, “LaFace”. By 2000, “LaFace” had been merged with its parent label, “Arista Records”, landing Reid a role as the president and CEO of the newly enlarged “Arista Records”.
In the years since, L.A. Reid has played a part in the careers of several hugely successful singers, musicians and performers, which ensures his own net worth continues to skyrocket. To date, Reid has helped launch a number of careers, including having collaborated with Mariah Carey during her 2005 comeback. Reid has even had a hand in the enormous success of the controversial teen pop superstar, Justin Bieber. In 2011, L.A. Reid’s fame as one of the most prominent names in the recording industry landed him a part as one of the judges on Simon Cowell’s latest project, the US version of “The X Factor” – and, although Reid has since left the show (citing a wish to focus instead on his recording label), his two seasons on the show have certainly helped increase his already impressive net worth.
How rich is L.A. Reid? At the moment, Reid’s net worth is believed to be around $300 million, with some sources claiming a figure as high as $350 million. Reid has built his wealth on his long string of successes in the recording industry, having helped a number of talented performers reach worldwide recognition. As Reid continues to work on expanding the roster of artists working with his label, “Epic Records”, his fame and net worth look set to continue growing as well.
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