Jimmy Iovine net worth 2024: how rich is the music producer?

Just how much is Jimmy Iovine worth? Learn more about Jimmy’s income, investments, and how Jimmy Iovine made his fortune.
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Updated: Apr 24, 2024
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What is Jimmy Iovine’s net worth?

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Currently, Jimmy Iovine’s net worth in 2024 is estimated at $1 billion. Here are some more personal stats about Jimmy Iovine.

Stats
Net worth:$1 billion 
Profession:Record Producer, Entrepreneur, Investor
Source of wealth:Music Industry, Beats Electronics, Investments
Date of birth:March 11, 1953
Gender:Male
Place of birth:Brooklyn, New York, USA
Education:Attended college but did not graduate
Nationality:American

Visit our archives to find more about the net worth of various celebrities and financial professionals.

Who is Jimmy Iovine?

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Jimmy Iovine is an influential American music producer, entrepreneur, and media mogul. 

Known for his keen ear and business acumen, Iovine stands as a transformative force in the music industry. He played a vital role in launching the careers of legends like Bruce Springsteen, Patti Smith, Stevie Nicks, and Tom Petty. 

Iovine co-founded the colossal Interscope Records and was instrumental in the rise of hip-hop stars like Dr. Dre, Eminem, and Tupac Shakur.

Iovine is married to model and actress Liberty Ross. He has four children from a previous marriage to writer Vicki McCarty Iovine.

How did Jimmy Iovine become rich?

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Jimmy Iovine’s path to fortune began as a recording engineer and music producer in the 1970s. 

His breakthrough came from iconic collaborations with artists like John Lennon and Bruce Springsteen. Iovine’s entrepreneurial spirit blossomed in 1990 with the co-founding of Interscope Records. 

The label’s immense success, particularly in the hip-hop and rap genres, fueled Iovine’s substantial wealth.

Iovine partnered with legendary rapper and producer Dr. Dre to launch Beats Electronics in 2008. 

Beats revolutionized the headphone market, and its 2014 acquisition by Apple for $3 billion cemented Iovine’s status as a billionaire and visionary entrepreneur.

What makes up Jimmy Iovine’s fortune?

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Jimmy Iovine’s considerable fortune stems from several key components. The sale of Beats Electronics to Apple formed a significant portion of his net worth. 

Iovine’s leadership and early investment in Interscope Records also contributed heavily to his wealth. Alongside these ventures, Iovine has made shrewd investments throughout his career, further augmenting his fortune.

What companies does Jimmy Iovine own?

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While Jimmy Iovine is predominantly associated with the success of Interscope Records and Beats Electronics, several additional companies owe their success to his involvement:

  • Interscope Records: Co-founded by Iovine in 1990, the immense success of this label significantly impacted his wealth.
  • Beats Electronics: Established with Dr. Dre in 2008, the company’s phenomenal rise cemented Iovine’s influence in both music and technology.

Jimmy Iovine net worth growth over the years 

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Jimmy Iovine’s annual income and financial position has fluctuated over the years. Here’s a look at how much Jimmy Iovine has been worth over the last twenty five years.

YearNet Worth
2024$1 billion
2023$1 billion
2022$980 million
2021$960 million
2020$940 million
2019$920 million
2018$900 million
2017$880 million
2016$860 million
2015$840 million
2014$1 billion+
2013$550 million
2012$500 million
2011$450 million
2010$400 million
2009$350 million
2008$300 million
2007$250 million
2006$210 million
2005$180 million
2004$160 million
2003$140 million
2002$120 million
2001$100 million
2000$90 million
1999$80 million

What is Jimmy Iovine’s salary in 2024?

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After stepping away from Apple in 2018, Jimmy Iovine is largely retired from executive roles with salaries. However, his legacy at Interscope and involvement in various ventures likely still provide ongoing income.

How much money does Jimmy Iovine earn per year?

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Jimmy Iovine’s annual earnings fluctuate depending on the success of his ongoing investments and business ventures. While not actively employed, his earnings are likely still substantial.

How does Jimmy Iovine spend his money?

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Jimmy Iovine is known to enjoy the finer things in life, including luxury real estate, art, and travel. He also maintains a philanthropic commitment, supporting causes related to education and youth development.

Key takeaways about Jimmy Iovine, career highlights

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Here are some of the highs and lows of Jimmy Iovine’s career so far.

  • Began as a recording engineer, working with legends such as John Lennon and Bruce Springsteen.
  • Co-founded Interscope Records, shaping hip-hop and popular music in the 1990s and 2000s.
  • Produced iconic albums for rock and pop artists like Patti Smith, Stevie Nicks, U2, and Tom Petty.
  • Partnered with Dr. Dre to create Beats Electronics, revolutionizing the headphone industry.
  • Sold Beats Electronics to Apple for $3 billion, solidifying his billionaire status.
  • Established the USC Jimmy Iovine and Andre Young Academy, fostering innovation and education.
  • Served as a mentor on ‘American Idol’ for several seasons

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.