Scott Samuel Braun is a well-known entrepreneur, entertainment executive, talent manager, and philanthropist in the U.S. He was born in New York City on June 18, 1981. It is estimated that Scooter Braun net worth is $500 million. As a result, Braun became one of the wealthiest managers in the music industry.
Who Is Scooter Braun?
Scooter Braun founded a media company called SB Projects and also co-founded Mythos Studios, a comic-film studio. He also owns a popular eSports team called 100 Thieves. Braun is a talent manager for a number of celebrities, including Justin Bieber, Ariana Grande, Hilary Duff, and Demi Lovato.
|Full Name||Scott Samuel Braun|
|Profession||Talent Manager, Actor, Businessperson, Record Producer, Film Producer, Talent Agent, Music Video Director|
|Sources of Income||Profession|
|Biggest Assets||Mansion in Montecito estate, Villa Tragara.|
|Residence||Montecito estate, Villa Tragara|
|Date of Birth||18 June 1981|
|Age||41 years Old|
|Children||Levi Magnus Braun, Hart Violet Braun, Jagger Joseph Braun|
|Spouse Name||Yael Cohen Braun|
Scooter Braun Net Worth
Scooter Braun, a music manager in the United States, estimated that Scooter Braun net worth has earned a fortune of $500 million throughout his career. After meeting Justin Bieber for the first time, Scooter Braun achieved his goals. In 2006, Scooter introduced Bieber, who was just 12 years old, to the world through YouTube.
Scooter built his present company on the tremendous success of Justin’s career, which includes Scooter’s investments in other musical acts and song libraries. In April of 2021, Scooter made a billion-dollar sale of his music investment business, which he called Ithaca Holdings, to a company based in South Korea.
Ithaca Holdings LLC was created by Scooter in 2010 as an investment and holding company. The firm was founded with 120 million dollars in venture capital from investors. In 2017, a private-equity firm by the name of Carlyle Group acquired a minority holding in Ithaca. In 2019, Carlyle Group made an additional sizable investment, valuing it at $800 million, which was a part of the deal.
Braun is believed to continue to serve as the company’s primary owner even after the acquisition. Ithaca has assets in various industries, including technology, media, and entertainment. Big Machine Records was supposed to have been bought by Scooter on June 30, 2019, with money from Carlyle.
The purchase price was between $300 million and $350 million. Borchetta launched Big Machine in 2005. After witnessing Taylor Swift play in a café in Nashville, Borchetta decided to recruit the then-15-year-old singer to his record label. In addition to Sheryl Crow, Thomas Rhett, Florida Georgia Line, and Lady Antebellum recordings, Scooter now has all six of Taylor’s earlier studio releases in his collection.
Swift’s frustration at being unable to buy the CDs for herself and at the fact that they were being sold to someone she despised on a personal level was swiftly expressed in a public outburst after the news that Braun had acquired them. Swift has publicly said that she wants to re-record the masters, which would result in a significant decrease in the value of the originals.
On November 17, 2020, it was revealed that Scooter had sold Taylor Swift’s catalog to an investment organization called Shamrock Capital. Roy E. Disney, one of Walt Disney’s nephews, was the founding member of Shamrock Capital.
Scooter Braun Key Facts
- While attending Emory University, Scooter Braun began his career in the hospitality industry by working as a party organizer. He was contracted to arrange after-parties for a tour called the Anger Management Tour. Ludacris and Eminem were among the performers on this tour.
- In the end, he contacted Jermaine Dupri, the director of So So Def, who offered him a place in the company’s marketing department. The year after that, he was given the position of Executive Director for Marketing, despite being just 20 years old at the time. After that, he established his advertising agency.
- He saw a YouTube clip where Justin Bieber was doing a cover of a song by Ne Yo. Pattie Mallette, Justin Bieber’s mother, was approached by Braun, and she gave her consent for her son to go to Atlanta and begin working with Braun.
- They began by uploading videos on the internet. After achieving success there, Braun approached Justin Bieber about working with two other singers, Justin Timberlake and Usher Raymond.
Scooter Braun Biography
Scott Samuel Braun, Scooter’s father, was born in New York City on June 18, 1981. .Braun was born in New York City. His parents are Ervin and Susan Braun. Braun’s parents lived in Hungary until 1956 when they immigrated to the United States. His father Ervin is a dentist and his mother Susan Schlussel Braun is an orthodontist. They settled in Cos Cob, Connecticut.
Braun has four siblings. During Scooter Braun’s time at Greenwich High School, he served as class president. He attended Emory University where he played college basketball until his sophomore year. Braun left college before completing his degree.
Scooter Braun Career
Scooter Braun began his career in event organizing while still a student at Emory. Because of the popularity of his events, he was asked to organize after-parties for stars like Britney Spears, Eminem, and Ludacris. After that, Jermaine Dupri’s So So Def Records invited him to sign with them. Despite being a full-time student, he was promoted to executive director of marketing.
Scooter dropped out of high school after his junior year to focus on his career. He monitored not just NBA games but also Britney Spears’ Onyx Hotel Tour shows. One of his first and most notable achievements was brokering a $12 million promotional contract between Ludacris and Pontiac.
Ludacris used his song in a Pontiac commercial and included a Pontiac vehicle in one of his music videos per the terms of their deal.
Scooter Braun Relationship
A relationship between Scooter Braun and Yael Cohen Braun began in 2013. They got married in Whistler, British Columbia, Canada, on July 6, 2014, at Cohen’s parents’ house.
The couple had three children. Two sons and one daughter, named Levi Magnus Braun, Hart Violet Braun, and Jagger Joseph Braun. in July 2021 Braun filed for divorce.
Scooter Braun House
In November 2014, Scooter and Yael spent $13.1 million on purchasing a home in the Brentwood, California, neighborhood. In 2018, Yael’s parents, David and Diane Yael, acquired the house directly across the street for $12.5 million. In January 2020, Scooter and Yael acquired the adjoining house off-market for 18 million dollars.
The present owners, John Travolta and Kelly Preston, first received the home in 1993 for $3.5 million. In 2014, Scooter put his prior property on the Sunset Strip on the market for $4.6 million. In 2014, he placed his second property in Los Angeles on the market with an asking price of $11.6 million. In 2011, he acquired the property for $5.8 million.
They formerly had a property in the Montecito, California area. They paid $10.9 million for it when they bought it in 2014, and they got $28 million for it when they sold it in September of 2021. In September 2021, only a few months after filing for divorce, Scooter purchased a home in Brentwood with a price tag of $65 million.
In February 2022, Scooter Braun successfully sold a beachfront home in Austin, Texas, for $18 million. Substantial money was paid for his covert purchase of the house two years ago. In September of 2022, Scooter gave Ellen DeGeneres $36 million to purchase the Montecito estate, Villa Tragara. Scooter Braun net worth is estimated at $500 million, making him one of the music industry’s richest managers.