How rich is Berry Gordy: What is His Net Worth

Berry Gordy is a $400 million dollar net-worth American record executive and producer. Berry Gordy amassed money and fame as the founder and president of Motown Records, as well as being the driving force behind the careers of megastars such as Smokey Robinson, Stevie Wonder, The Temptations, Gladys Knight and the Pips, and The Jackson 5.

Who is Berry Gordy?

Berry Gordy Jr., was born in Detroit, Michigan on November 28, 1929. He was the seventh child out of eight. Gordy and former US President Jimmy Carter are related through their great-grandfather, Georgian plantation owner James Gordy. Gordy’s granddad was born on the plantation of James Gordy and an enslaved lady.

Gordy dropped out of high school in the 11th grade to pursue a professional boxing career. That career was short-lived, as he was shortly inducted into the Army during the Korean War. Gordy founded a record store named 3-D Record Mart after returning from the war. The store specialized in selling jazz recordings to a predominantly African-American clientele. Gordy also created songs in his spare time, one of which, “Reet Petite,” became a hit for vocalist Jackie Wilson. Gordy began composing and producing full-time with the proceeds from “Reet Petite.”

How much does Berry Gordy make per year?

Gordy earns an estimated annual salary of $69.33 Million

What investments does Berry Gordy have?

Gordy is actively involved in real estate in addition to his career.

Gordy sold his Malibu property to entertainment executive Michael Ovitz for $6 million in 1997. He’d had the house since 1975. In 2014, Gordy sold an apartment in Century City, California for $2 million. Gordy’s Bel-Air home is the crown jewel of his real estate empire. In 1976, he purchased his first piece in Bel-Air.

He grew over time, and now he owns three contiguous parcels that form one 4-acre compound. The main house on the property is 10,000 square feet and has 13 bedrooms and 9 bathrooms. He also owns a 5,000-square-foot mansion on a nearby lot. The Bel Air properties are estimated between $50 and $70 million.

How many Endorsement deals does Berry Gordy have?

Gordy has lucrative deals with a couple of brands and companies.

How many Philanthropy works has Berry Gordy supported?

The renowned producer is very passionate about giving back to the community. Unfortunately, there is not much information with regard to his philanthropy. We shall get you updated as soon as we discover it

How many businesses does Berry Gordy own?

Gordy dropped out of Northeastern High School in the eleventh grade to pursue a career as a professional boxer with the aim of fast becoming wealthy; he boxed professionally until 1950 when he was drafted by the United States Army for service in the Korean War. When Gordy initially arrived in Korea in May 1952, he was posted to the 58th Field Artillery Battalion, 3rd Infantry Division, near Panmunjom. Later, he worked as a chaplain’s assistant, driving a jeep and playing the organ at religious services. His service in the Korean War ended in April 1953. He earned a GED, the equivalent of a high school diploma.

After returning from Korea in 1953, he married Thelma Louise Coleman, then 19, in Toledo, Ohio.[11] Gordy began his musical career by producing songs and opening the 3-D Record Mart, a record store that included jazz music and 3-D spectacles. The store failed, and Gordy sought employment at the Lincoln-Mercury plant, but his family connections put him in touch with Al Green (no relation to Reverend Al Green), owner of the Flame Show Bar Talent Club, where he met vocalist Jackie Wilson.

Gordy co-wrote “Reet Petite” with his sister Gwen and writer-producer Billy Davis, and Wilson recorded it in 1957. It was a little hit, but it was more successful worldwide, particularly in the United Kingdom, where it reached the Top 10 and eventually topped the chart on re-release in 1986. Over the next two years, Wilson recorded six more songs co-written with Gordy, including “Lonely Teardrops,” which topped the R&B charts and reached number 7 on the pop list. At Chess Records, the Gordy brothers and Davis also wrote “All I Could Do Was Cry” for Etta James.

ncG1vNJzZmivp6x7qLTGqKqsoaBjsLC5jpucq6qpYrSwvsOyZg%3D%3D