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What is Lyor Cohen’s Net Worth?
Lyor Cohen is an American music trade govt who has a net worth of $150 million {dollars}. Lyor Cohen started his profession managing rappers at Rush Productions within the ’80s. In the Nineteen Nineties he ran the label Def Jam. Lyor left Def Jam in 2004 to take a place as chairman and chief govt of Warner Music Group. In 2012 he based the unbiased label 300 Entertainment. In September 2016, he was named YouTube’s Global Head of Music, and that month he introduced his departure from 300 Entertainment.
Early Life
Lyor Cohen was born on October 3, 1959, in New York City. Cohen’s mother and father have been Israeli immigrants, and he was raised in Los Angeles. He attended Marshall High School, and after graduating in 1977, he enrolled on the University of Miami, incomes a world advertising and finance diploma in 1981. After college, he took a job at Bank Leumi’s Beverly Hills workplace. Lyor’s brother is bass guitarist Daniel Shulman.
Rush Productions
After selling exhibits by Run-DMC and Whodini at Hollywood’s The Mix Club, Cohen took a job with Russell Simmons’ Rush Productions (later often known as Rush Artist Management) in 1984 and moved to New York. Lyor began out as Run-DMC’s street supervisor, then started receiving further obligations, and by 1987, he was signing artists to the label, together with DJ Jazzy Jeff & the Fresh Prince, A Tribe Called Quest, and Slick Rick.
Cohen brokered endorsement offers for Run-DMC (Adidas and New Coke), Jazzy Jeff & the Fresh Prince (Le Coq Sportif), and LL Cool J (Troop sportswear) and have become recognized for his negotiating abilities and “no-nonsense method to enterprise.” Under Lyor’s management, Rush was seen as rap’s “premier administration operation” within the late ’80s, and round this time, he and Simmons launched Rush Associated Labels, which handled Def Jam and its spinoff labels. In 1994, Cohen helped Simmons negotiate Def Jam’s transfer from Sony Music to PolyGram, and by this level, Lyor was working day-to-day operations at Def Jam.
Def Jam
After 1998’s PolyGram/Universal merger, Def Jam, Mercury, and Island have been merged into The Island Def Jam, and Cohen turned co-president of the label, which expanded to incorporate non-rap artists reminiscent of Mariah Carey, Bon Jovi, Elvis Costello, and Shania Twain. Lyor was concerned in Def Jam’s 2001 acquisition of heavy-metal label Roadrunner in addition to a deal to distribute music put out by Rick Rubin’s American Recordings.
Warner Music
In 2004, Cohen left Def Jam for Warner Music Group, the place he oversaw the Atlantic/Elektra merger and gave his protégée, Julie Greenwald, one of many high govt positions at Atlantic. He promoted Greenwald to chairman and CEO of Atlantic in 2009, which made her the highest-ranking feminine govt at a U.S. document firm. In 2006, Lyor was concerned in a deal between YouTube and Warner that marked “the primary time a significant document firm [had] licensed content material to YouTube,” and in 2011, he oversaw an settlement with Spotify.
YouTube
He left Warner in September 2012 and launched 300 Entertainment, which was described by “XXL” journal as “half label, half advertising firm, half distributor, with main backing from Google and Atlantic.” Cohen left the corporate in 2016 and took a job because the Global Head of Music at YouTube.
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Personal Life
Lyor married mannequin E.Okay. Smith on April 1, 1988, after assembly her on the set of the Beastie Boys’ “(You Gotta) Fight For Your Right (To Party)” video. After their marriage ended, Cohen married his second spouse, Amy, in 1990, they usually welcomed son Az (born 6/13/1994) and daughter Bea (born 9/2/2001) earlier than divorcing in 2006. Az helped save his father’s life when Lyor suffered a pulmonary embolism at Brooklyn’s Barclays Center in 2016 whereas attending N.W.A’s Rock and Roll Hall of Fame induction ceremony. In August 2016, Cohen married mannequin/former basketball participant Xin Li, who’s the deputy chairman of Christie’s Asia. Lyor has served as a Rock and Roll Hall of Fame board member in addition to appearing director of Boys & Girls Harbor, a New York-based nonprofit group.
Real Estate
In 2000, Cohen paid $9.175 million for an Upper East Side townhouse, and he market it for $28 million in 2010. According to property information, he bought the house for almost $25 million in late 2012. In 2014, Lyor bought a 4,440 sq. foot NYC townhouse for $11.4 million, a lot decrease than the $14.5 million asking value.
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