Listed by People with Money magazine as one of the highest paid producers, L.A. Reid is one of the many celebrities high up in the millionaires club. He is not shy when it comes to spending his money and owns various lavish estates and some expensive cars. This piece features the net worth of L.A. Reid in 2018.
Early Life & Biography
Antonio Marquis Reid was born on June 7th, 1956 in Cincinnati, Ohio to parents Antonio M. Reid Sr and Emma Reid. His mother became a single mother after his father dissipated the family.
He was accepted into Harvard Business School in 1997.
Antonio got the nickname “L.A.” from a guitar player in his band who called him that because of a Los Angeles Dodgers t-shirt he was wearing.
L.A. Reid’s romantic life is a bit controversial. He fathered a son, Antonio Jr who was born in 1979, with an ex. He married Perri “Pebbles” Reid in 1989, and the couple split in 1996. They have a son together, Aaron Alexander who was born in November 1989. Reid moved on and married Erica Holton in 2000, and they have two children together, a daughter, Ariana Manuelle born in 2001 and a son, Addison Kennedy born in 2003.
Career, Awards & Nominations
L.A. Reid’s first appearance in the music scene was with the Cincinnati funk rock outfit Pure Essence. He began his music career as a drummer. Reid’s mainstream success started when he became part of the 1980s R&B band The Deele. When Deele disbanded, Reid and his former bandmate Kenneth Edmonds, popularly known as Babyface, founded LaFace in 1989. This was a joint venture with Arista Records. LaFace became one of the leading labels for African-American artists. Reid was keen on scouting talent and cultivating it in singers. He was the first music executive to sign 14-year-old Usher who has become one of the most successful R&B and pop artists.
He sold his shares of LaFace in 2000 and proceeded to be the President of Artista Records. Reid became the head of Island Def Jam Records four years later. He brought the company to fame, reigniting the music careers of celebrities like Mariah Carey. He is also credited for kick-starting the careers of Justin Bieber and Rihanna.
Reid resigned from Def Jam in 2011 and became the Chairman and CEO of Epic Records a few months later. He was tapped for this position by Epic’s parent company, Sony Records. Beyond music production, Reid was also listed as one of the judges in the hit music competition show, X-Factor, alongside his fellow producer Simon Cowell and music popstars Britney Spears and Demi Lovato.
He left Epic Records in 2017 following allegations of sexual harassment. In 2018 he became the founder and co-chairman of Hitco Entertainment LLC. The company launched in January 2018 and had offices in Los Angeles and New York.
Reid was honored along with Babyface as a BMI Icon at the 6th annual BMI Urban Awards. He had won 18 BMI awards as of 2016.
Net Worth & Earnings
LA Reid has had a long string of success in the recording industry. At the age of 62, he is estimated to have a net worth of $350 million. He owes his fortune to his success as a musician, songwriter, record producer, and author. He also earned from being a judge on X-Factor. Reid is also the Founder and Chairman of Hitco Entertainment.
A true icon in the music industry, LA Reid has helped many talented musicians realize their dreams of becoming stars and has promoted their careers. His legacy is one that will live to be remembered in the music realm.