Inside Yo Gotti’s $100 Million Music Empire

in his 10,000-square-foot Tuscan-style mansion just north of Malibu, Yo Gotti, the 42-year-old foun­der and CEO of the Memphis-based Collective Music Group , is trying to relax. “Certain things validate the hard work,” Gotti says, overlooking his infinity pool with its pristine views of L.A. sunsets. “This is one of them.”

His has been a long climb in the music business, and Gotti celebrates with the trappings of success. He has an impressive watch collection that he claims is worth about $10 million and includes timepieces by Patek Philippe, Rolex and Vacheron Constantin. He also owns a fleet of luxury cars, including an armored Hummer truck, a 2023 lime green Rolls-Royce Cullinan and a Tesla Model S, a gift from his girlfriend, Angela Simmons, daughter of rap legend Joseph “Rev. Run” Simmons of Run-DMC.

Valuations are top of mind for Gotti because of the astronomical prices investor groups are paying for music catalogs these days. Bob Dylan, for example, sold his catalog for $400 million in 2020, according to PitchBook; the following year, Bruce Springsteen sold his for $550 million. Younger artists are also cashing in. Last year, Katy Perry and Justin Bieber each sold the rights to their music for more than $200 million.

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon knocks $100 off the Apple AirPods MaxKris Holt joined Engadget as a contributing reporter on the news desk in 2018. He has been writing about technology, games, streaming and entertainment for over a decade after starting his career as a sub-editor on a local newspaper. Kris holds a Master of Arts degree in English from the University of Dundee.
Source: engadget - 🏆 276. / 63 Read more »

ASD superintendent withdrawals support for STEAM program that would eliminate teaching positionsThe Anchorage School District administration withdrew an initial proposal to cut art and health teachers as a way to help fix the district’s nearly $100 million budget deficit.
Source: AKNewsNow - 🏆 460. / 53 Read more »