Mona Scott-Young Net Worth 2024

What is Mona Scott-Young’s Net Worth?

Mona Scott-Young is an American document govt, expertise supervisor and entrepreneur who has a net worth of $40 million. During her profession Mona Scott-Young represented an extended record of distinguished hip-hop artists together with LL Cool J, Missy Elliot, 50 Cent, Fantasia and Busta Rhymes. Perhaps extra importantly, Mona Scott-Young is the founding father of Monami Entertainment which manages artists, produces tasks for tv and movie, and even launched a line of cosmetics and wonder merchandise. Monami Entertainment, which is the house to Grammy Award-winning artist Missy Elliott and VH1’s hottest present, Love & Hip Hop. In addition to Love & Hip Hop, the movie and tv division of Monami Entertainment has produced the spin-offs Chrissy & Mr. Jones, Ok. Michelle: My Life and The Gossip Game (all on VH1); Donald Trump Presents: The Ultimate Merger, Cocaine: History Between the Lines, The Road to Stardom with Missy Elliott, and The New Atlanta, a docu-series on Bravo. Young can be very energetic with charitable and philanthropic organizations and has acquired honors from a number of excessive profile media retailers like The National Association of Black Female Executives, Vibe Magazine and extra. She is a component proprietor of moscato model MYX Fusions with Nicki Minaj.

Early Life

Scott was born on February 15, 1967 in New York City. She spent her total childhood and adolescence within the metropolis and was raised by her mother and father, each of whom are of Haitian descent. She attended Park West High School. She moved out on her personal throughout her teenage years and opted to not attend college, as she wanted to proceed working to be able to come up with the money for to cowl her lease.

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Music Manager

Scott didn’t initially got down to have a profession in music, administration, and manufacturing, although she at all times knew she had a savvy enterprise thoughts. She was working at Radio City Music Hall in New York City when she was approached by the Brooklyn group TrackMasters to affix the group as their supervisor. She determined to just accept the place, which might change the trajectory of her profession. Through her place with TrackMasters, she met music govt Chris Lighty. Together, in 1996, the 2 co-founded the music administration firm Violator. Over the following decade, Scott helped direct Violator to develop into a severely profitable firm which helped launch or revitalize the careers of artists like Busta Rhymes, LL Cool J, Q-Tip, Foxy Brown, Ja Rule, Mobb Deep, 50 Cent, Mariah Carey, Fantasia, and Missy Elliot.

Reality TV Empire

After experiencing important success with Violator, Scott determined to transition into working in tv in 2005. She first labored as a producer on “The Road to Stardom with Missy Elliot,” a present which she helped develop given her function as Elliot’s supervisor. The present appeared on UPN in 2005. The similar 12 months, she additionally created her personal tv manufacturing firm, Monami Productions.

In 2006, Jim Ackerman, a director at VH1, approached Scott in hopes that she would assist him develop a brand new actuality present centered on rapper Jim Jones. However, Scott moved the present idea in one other path. She had observed the recognition of feminine ensemble-driven exhibits on the time and thought it might be a good suggestion to focus the present on Jim Jones’ girlfriend, Chrissy Lampkin, and her circle of mates. The ensuing present, known as “Love & Hip Hop,” went on to develop into an enormous success, with Scott performing as producer by way of Monami Productions.

The present has since spawned a complete media franchise and a wide range of spin-off collection like “Love & Hip Hop: Atlanta,” “Love & Hip Hop: Hollywood,” “Love & Hip Hop: Miami,” “Chrissy & Mr. Jones,” “Ok. Michelle: My Life,” “Stevie J & Joseline: Go Hollywood,” and “Leave it to Stevie,” all of which have been produced by Monami Productions. Scott has spoken about how proud she is of “Love & Hip Hop” because it has put Black American tradition extra within the highlight and has supplied various jobs for folks of coloration each in entrance of and behind the digicam.

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Monami Productions has additionally produced various different collection and specials together with “Donald Trump Presents: The Ultimate Merger,” “Cocaine: History Between the Lines,” “The Gossip Game,” and “This is Hot 97.” Scott has additionally developed and produced “The New Atlanta” for the Bravo Network and “Money. Power. Respect.” In 2013, she labored as the chief producer on the movie “The Promise Keeper.”

In addition to her work in tv and music, Scott has additionally pursued another enterprise ventures. She is a component proprietor and chief advertising and marketing officer of the moscato model, MYX Fusions, together with rapper and artist Nicki Minaj. Scott is moreover concerned in various philanthropic and charity organizations. She serves on the board of The Haitian Roundtable, the RSQ Foundation, and The GrassROOTS Foundation.

Over the course of her profession, Scott has acquired recognition for her success. She was honored on the ASCAP’s Woman Behind the Music occasion in 2011. She has additionally been the recipient of the Marketer of the Year award by Ad Age and has acquired various awards from the National Association of Black Female Executives in Music Entertainment. Additionally, she has been acknowledged by the National Congress and Convention of Haitian-Americans. In 2019, she was named “Reality TV Royalty” on the MTV Movie & TV Awards.

Personal Life

In 2005, Scott married longtime boyfriend, Shawn Young and adjusted her final title to Scott-Young. The couple had a son collectively in 1998 named Justin Young who’s pursuing a profession in music. In May of 2003, the couple had a second little one, a daughter whom they named Jordan.