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What is Troy Carter’s Net Worth?
Troy Carter is an American music supervisor ans CEO who has a net worth of $50 million. Troy Carter co-founded and serves because the CEO of the corporate Q&A. Previously in his profession, he was the chairman and CEO of the expertise administration and movie and tv manufacturing firm Atom Factory. Atom Factory grew to become particularly notable for managing the careers of artists equivalent to Lady Gaga, Meghan Trainor, John Legend, Charlie Puth and Priyanka Chopra. Among his different endeavors, Carter previously labored for the audio streaming and media providers supplier Spotify and was a really early enterprise investor in firms together with Uber, Dropbox, Lyft and Warby Parker.
Early Life and Education
Troy Carter was born on November 14, 1972 in Philadelphia, Pennsylvania. When he was two, his dad and mom divorced, and his father subsequently remarried. However, turbulence finally returned to the family, and when Carter was seven, his father fatally shot his new spouse’s brother in an argument. As a outcome, he was sentenced to 12 years in jail. When Carter’s father was launched, he remained together with his spouse and rebuilt his life.
Carter was educated at Huey Elementary and Sayre Middle School. He then attended West Philadelphia High School, however dropped out on the age of 17 to pursue his skilled music profession.
Career Beginnings
With his rap group 2 Too Many, which he had shaped in highschool earlier than dropping out, Carter signed to Will Smith and James Lassiter’s label WilJam Records. The group solely lasted for a few yr, after which era Carter went to work within the studio for DJ Jazzy Jeff. He additionally served as a private assistant to Lassiter. When he was 23, Carter started selling rap live shows round Philadelphia. It was whereas doing this work that he first met file producer and rapper Sean Combs, who employed him as an intern on the label Bad Boy Records. Carter’s internship lasted for a yr and a half. Subsequently, he moved to Los Angeles to work once more with Lassiter, however was fired and despatched again to Philadelphia. There, Carter struggled to realize success.
Professional Breakthroughs
Carter obtained his large break in 1999 when he met fledgling rapper Eve, who requested him to function her supervisor. After taking her below his wing, he started managing different rap artists equivalent to Floetry and Nelly. Carter expanded his enterprise by co-founding the expertise administration firm Erving Wonder with Jay Erving, the son of retired basketball participant Julius Erving. Later, in 2003, Carter returned to Los Angeles and helped Eve land her personal eponymous tv sitcom on UPN.
Declining Fortunes
In 2004, Carter and Erving offered their expertise administration firm to the UK-based file firm Sanctuary. However, the deal progressively fell aside over the following two years; to make issues worse, Carter was fired by his number-one shopper Eve. As a outcome, Carter misplaced all his cash from the Sanctuary deal and sank into main debt. With his automotive repossessed and his house mortgage foreclosed, he confronted imminent eviction from his residence.
Talent Management Comeback
Just as Carter had seemingly hit all-time low, he was launched to a brand new shopper by file producer Vincent Herbert: a singer-songwriter often known as Lady Gaga, who had simply been dropped by Def Jam Records. Over the course of 2007, Carter, Herbert, and Gaga traveled round California acting at varied golf equipment. Also that yr, Carter based Coalition Media Group. Just a few years later, he formed the talent management division Atom Factory, which additionally does full-service movie and tv manufacturing. In 2011, Carter earned an Emmy Award nomination for govt producing the HBO live performance particular “Lady Gaga Presents the Monster Ball Tour: At Madison Square Garden.” He has since discovered nice success managing such musical artists as John Legend, Meghan Trainor, Lindsey Stirling, and Pia Mia. Carter’s administration of Gaga, nevertheless, resulted in 2014.
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Other Projects and Appearances
Among his different initiatives, Carter co-founded the Silicon Valley startup the Backplane in 2011. The firm works to facilitate social media connections between celebrities and followers. In 2012, Carter was named a Henry Crown Fellow on the Aspen Institute. He additionally serves on the board of advisors of the semantic internet platform State, and previously served as the worldwide head of creator providers on the audio streaming and media providers supplier Spotify. Carter left the latter place in 2018 and took on an advisory position. He subsequently co-founded the providers, distribution, and expertise firm Q&A with Suzy Ryoo. Carter serves because the CEO of the corporate, which has developed the digital functions StreamRate and Venice For Labels.
In 2015, Carter appeared as a visitor Shark within the seventh season of the ABC enterprise actuality tv sequence “Shark Tank.” Other friends that season had been Ashton Kutcher and Chris Sacca.
Personal Life
With his spouse Rebecca, who works in finance, Carter has 5 kids. The family resides in Los Angeles.
All web worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate personal suggestions and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button beneath.
