Scooter Braun Net Worth [2023 Update]

January 26th, 2023

Scooter Braun Net Worth
Net Worth $400 million USD
Full Name Scott Samuel Braun
Popular Name Scooter Braun
Age 41 years
Born June 18, 1981
Gender Male
Height 5’11” (1.8m)
Country of Origin United States of America
Source of Wealth Talent Management, Music Management, Music Production, General Entrepreneurial Endeavors

Who is Scooter Braun?

Scooter Braun, born Scott Samuel Braun, made his claim to fame by discovering Justin Bieber when the musician was only 12 years old. Braun is well known for his talent management, investments, and media productions.

He’s grown his empire and net worth by managing artists like Ariana Grande, Demi Lovato, and the Black Eyed Peas. He personally founded Ithaca Ventures and Schoolboy Records and co-founded RBMG Records, Mythos Studios, and TQ Ventures.

What is Scooter Braun’s Networth?

With so many investments and successful names attached to Scooter Braun, it makes sense that his net worth is through the roof. The music mogul has a net worth of $400 million.

We’ve collected all anyone needs to know about Scooter Braun. From how he made his fortune, his early life, personal life, and career highlights. Readers will also get a peek at how he spends his money and what his public persona is like.

Early Life

Scooter was born in New York City to Ervin and Susan Braun.

He attended Emory University in Atlanta, where he built a reputation for organizing parties. His parties gained popularity, leading to invitations to organize events for names like Eminem and Ludacris.

He left university to become the head of marketing at Jermaine Dupri’s record label, So So Def.

Career

After dropping out of college to join So So Def at the age of 20, Braun organized parties for Britney Spears on her Onyx Hotel Tour and for the NBA All-Star Game.

Early in his career, Braun successfully negotiated a $12 million marketing deal between Pontiac and Ludacris. While this deal was massive, it didn’t hold a candle to his biggest discovery.

He left So So Def records a few years after taking the job to begin his own music label, marketing agency, and talent management company.

In 2006, Scooter Braun’s career took off. While combing through Youtube, he stumbled upon a video of a 12 year old Justin Bieber. After watching the child prodigy perform one of Ne-Yo’s songs, Braun contacted the young star’s mother hoping to bring them out to Atlanta for an audition.

After meeting Bieber and his mother, Scooter used his music connections to introduce Justin Timberlake and Usher to his latest discovery. With Braun’s help Justin was signed by Island Def Jam in partnership with Raymon-Braun Media Group (RBMG, a partnership between Scooter Braun and Usher Raymond).

On the coattails of Justin Bieber’s rise to fame, Braun founded SB Projects in 2007. His new marketing and entertainment conglomerate included SB Management, Schoolboy Records, RBMG, and Sheba Publishing. With his new company, Braun signed Ariana Grande, Justin Timberlake, Taylor Swift, Martin Garrix, and Cody Simpson.

A few years later, in 2011, Braun produced Never Say Never, a documentary on the wild success of Justin Bieber.

Startup Investments

Braun cleverly founded Ithaca Holdings LLC in 2010. After investing early in startups like Spotify and Uber, Ithaca Holdings successfully raised $120 million in the capital.

The company was acquired by a South Korean group called Hybe for $1 billion.

This was by far his most successful venture. At the time of its acquisition, Braun was the majority stakeholder.

The same year Hybe bought Ithaca Holdings, a former partner of Braun’s sued for $50 million claiming he was tricked into leaving his position at Guggenheim Securities to join Ithaca Holdings. Peter Comisar, the prosecution, claims he was promised a better paying job at Braun’s investment firm but was never given one. The suit has yet to be settled.

Personal Life

Scooter Braun had 3 children with his wife Yael Cohen after marrying in 2014. He filed for divorce from the health activist in 2021.

While costly, their divorce did not leave Braun bankrupt. He reportedly paid $20 million in equalization payments and will go on to pay $60,000 per month in child support. He also walked away with the majority of their assets, including a G450 private plane, $100 million in artwork, and a $64 million mansion he purchased after filing for divorce.

Yael kept a Land Rover Defender, a $30 million compound, and several works of art.

Houses

Scooter Braun has an impressive collection of real estate.

In 2014, he and his wife bough a $13.1 million mansion in Brentwood, California across the street from Yael’s parents. The same year, Braun listed two homes for sale, one on Sunset Strip for $4.6 million and another in Los Angeles for $11.6 million.

In 2018, Braun and Cohen purchased the home next door from John Travolta and Kelly Preston for $18 million.

During their marriage, the couple acquired another home in Montecito, California for $10.9 million. Upon divorcing, they made a great profit selling this home for $28 million.

In 2022, as a single man, Braun sold his home in Austin, Texas for $18 million after buying it only two years before. He later purchased Ellen DeGeneres’ Montecito mansion for $36 million.

Taylor Swift Scandal

In June 2019, Ithaca Holdings LLC acquired Big Machine Label Group. The independent record label owned several catalogues, including the master rights to Taylor Swift’s first 6 albums.

Braun sold Swift’s catalogue for a little over $300 million, the same price he paid for all of Big Machine – including the label’s music recordings, client roster, distribution deals, and artist masters.

Due to Swift’s good favor with Big Machine, her contract allowed her to re-cut her songs from the albums they made together. While the master rights are owned by an anonymous investment company, Swift is hoping to rerecord her records and use those for streaming and distribution.

Swift publicly called Braun a “bully” and accused him of being “the definition of toxic male privilege in our industry.” Despite this backlash, Braun profited heavily from the sale of her cataglogue.

Swift told the media in 2020 that Braun asked her to sign an NDA prohibiting any mention of him in the future before he would consider selling her catalogue to her. She refused, was never quoted a price, and the catalog was sold to someone else.

After selling Ithaca Holdings to Hype in South Korea, Braun spoke about the acquisition of Big Machine in an interview. He apologized for the mishandling of the deal and admitted he learned to be more transparent with his artists in the future.

Awards

Scooter Braun was awarded an International Music Industry Award for Best Talent Manager in 2016.

He was nominated for 2 Grammys for producing and writing in 2017 and 2022.

Scooter Braun Quote

Scooter Braun Net Worth

Summary

Scooter Braun is a savvy business investor, talent manager, and entrepreneur. He has a net worth of $400 million.

The native New Yorker made his fortune after leaving college to work as an Executive Director of Marketing at So So Def.

He went on to discover and sign big names such as Justin Bieber, Ariana Grande, and J Balvin.

His marriage to Yael Cohen saw the acquisition of many pieces of real estate, a few of which he lost in their divorce.

His biggest scandal was the sale of Taylor Swift’s masters in 2020. After acquiring the catalogue for her first 6 albums, the investor sold it for $300 million.

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