Scooter Braun Net Worth: He's Much Richer Than Justin Bieber
KEY POINTS
- Scooter Braun has managed many world-famous artists, including Justin Bieber and Ariana Grande
- His holding company merged with BTS' label Hybe in a deal believed to be valued at more than $1 billion
Scooter Braun has built one of the most successful management companies in the world and has helped launch the careers of several big artists, including Ariana Grande and Justin Bieber. But how much is he worth?
The 40-year-old record executive was estimated by Celebrity Net Worth to be worth around $400 million last year. In comparison, one of the biggest artists under his label, Bieber, has an estimated net worth of $285 million.
However, the 2020 estimates may not take into account the April merger of Braun’s Ithaca Holdings and BTS’ label Hybe in a cash-and-stock mega-deal valued at more than $1 billion.
As part of the deal, Braun received 462,380 of the new shares, worth $186 a share, while Bieber was allocated 53,557, Variety reported. Braun also joined Hybe's board of directors.
Braun first discovered Bieber in 2006 after watching a YouTube video of the then-12-year-old singing a cover of Ne-Yo's "So Sick." After getting in touch with the aspiring singer's family, he pitched Bieber to several big names, including Usher Raymond, who convinced his mentor L.A. Reid to sign Bieber to a deal with Island Def Jam as the first artist under the Raymond-Braun Music Group.
Braun went on to establish his record label, Schoolboy Records, in 2007 through his School Boy Entertainment, part of SB Projects.
Through his talent management company, he has managed many high-profile names in addition to Grande and Bieber. His past and present clients also include J Balvin, Demi Lovato, Black Eyed Peas, CL, Dan + Shay, Carly Rae Jepsen, Psy, The Knocks, Lil Dicky and Tori Kelly, among others, according to his website.
Braun then launched his holding company, Ithaca Holdings, which owns ventures across multiple industries including television, film and technology. The company acquired Big Machine Label Group in 2019 in a reported $300 million deal that included the masters to the first six albums of Taylor Swift, according to the Wall Street Journal.
Last year, Braun sold the master rights to Swift's albums to an investment fund for more than $300 million, Variety reported.
Meanwhile, Braun’s investments also include several properties that he and his wife, mining heiress Yael Cohen Braun, own together.
The couple bought a mansion in Brentwood, California, in 2014 for $13.1 million. In the same year, the music executive put his former Sunset Strip home on the market for $4.6 million and another home for $11.6 million, according to Celebrity Net Worth.
In 2018, Braun and his wife purchased the house next to their Brentwood home from John Travolta and his wife Kelly Preston for $18 million, the Los Angeles Times reported.
It was recently reported that Braun has separated from Yael after seven years of marriage. However, unnamed sources told Page Six that the two currently have no plans to divorce and are still living in the same house.
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