Lyor Cohen is a renowned American Israeli music industry executive and founder who owns a net worth of $90 million. He is well-known in the music industry for serving Warner Music Group in a four-year leadership role.
Keep on reading to explore how Lyor Cohen earned such massive wealth. Also, learn how he becomes a world-class music executive from a regular banker. Moreover, know some facts, such as his biography, academic life, real estate, and many more.
How much money does Lyor Cohen make?
Lyor Cohen earned money from the music business. Besides, he bought and sold shares of several companies, which brought him tons of money. Moreover, Lyor Cohen sold half of the Def Jam Records in 1994 and earned 33 million dollars.
Lyor Cohen’s estimated Income is given below in a periodic format:
- Yearly Income: $2.19 million
- Monthly Income: $182.92 thousand
- Weekly Income: $42.11 thousand
- Daily Income: $6 thousand
- Hourly Income: $250
How does Lyor Cohen make money?
Lyor Cohen is a music company executive. Besides being an executive, he is the founder of the label 300 Entertainment. He switched several music companies in his career. Moreover, Lyor Cohen founded companies and sold them some years after. In other words, his job is full of diversity.
All the known activities of Lyor Cohen are categorized below into a few points:
- Music Industry Career
- YouTube Career
- Multimedia Producer
Workings in the Music Industry
In late 1981, Lyor Cohen worked in Bank Leumi’s Beverly Hills office. Later in 1984, he quit the job, went to New York and started serving at Rush Artist Management. It was Lyor Cohen’s first step in the music industry.
In 1989, Lyor Cohen took control of Rush’s rap field as the premier management operations. Also, in the same year, he moved from artist management to the label side of the music business. Lyor Cohen had a goal to capitalize the capability of the recording artists to sniff out a new label.
In the middle of 1998, Lyor Cohen became the co-president. Also, he was the first hip-hop president in charge of Major Label.
Lyor Cohen moved to the Warner Music Company in 2004. Ultimately, he became the chairman, Chief Executive Officer, and Vice-chairman of that company. In 2012, Lyor Cohen quit Warner Group’s chairman’s seat and stayed as a creative executive.
In 2009, Lyor Cohen promoted Jullie Greenwald to chairman and chief operating officer of Atlantic. This promotion established Jullie as the top-ranking woman executive and also the highest ranking in American Record Company.
Working on YouTube
In 2006, Lyor Cohen signed an agreement with YouTube to show videos of Warner artists. The number of shares of Warner videos was exchangeable with YouTube’s ad revenue.
Moreover, in 2016, Lyor Cohen joined Google’s YouTube as the Global Head of Music. In the same year after joining YouTube, he wrote a letter publicly where Lyor Cohen stated his goals and aspirations.
Lyor Cohen has co-founded 300 Entertainment as YouTube’s Global Head of Music. Moreover, there is a YouTube channel named 300 Entertainment which has 49 thousand subscriptions with 372 uploads. The videos on this channel have 33 million views which brings him 56 thousand dollars per year.
Founding Venture Company
In 2013, Lyor Cohen announced that he was going to start a new company named 300. This company ventured with 300 Spartan Warriors. He also stated that the company would launch a record label and help marketing other companies, backing from Google and Atlanta.
Working as a Multimedia Producer
Besides the music industry, Lyor Cohen has also worked as a producer in TV series and documentaries. The list of TV series and documentaries are given below to see at a glance:
|Title||Release Year (TV series / Documentary)|
|The Biz||2005 (TV series)|
|P. I. G. S.||1999 (Video Short)|
|Survival of the Illest: Live from 125||1999 (Documentary)|
Biography of Lyor Cohen
|Full Name||Lyor Cohen|
|Professional Name||Lyor Cohen|
|Date of Birth||3 October 1959|
|Place of Birth||Manhattan, New York City, United States|
|Height||6 feet 4 inch|
|Marital Status||Twice married and divorced once|
|Previous Wife Name||Amy Cohen (from 1990 to 2006)|
|Wife Name||Xin Li (since 2016)|
|Children||2 (Az Cohen and Bea Cohen)|
|Profession||Music industry executive|
|Net Worth||$90 million|
The early life of Lyor Cohen
On 3 October 1959, Lyor Cohen was born in Manhattan, New York City, United States. After the birth, his family shifted to Los Angeles, where he spent his childhood. Moreover, Lyor Cohen’s parents were Israeli immigrants.
In 1981, Lyor Cohen completed his graduation in Global Marketing and Finance at the University of Miami. After graduation, he shortly served at the Bank Leumi’s Beverly Hills office. Later in 1984, Lyor Cohen stopped his job as a banker and started his music career.
Real Estate of Lyor Cohen
In 2015, Lyor Cohen built a modern technology-based house in Sag Harbor, New York, United States. He called it Shore House. Besides, it has 3 beds and 3 bathrooms. Moreover, the Shore House is built on 4,747 square feet of space, about 1.8 acres big. Anyway, the architect of Leroy Street Studio of New York made the design of this house.
Lyor Cohen started his music industry career through Rush Production and Def Jam. In 1994, Lyor Cohen and Russell Simmons sold Def Jam’s half to Polygon. Besides, to buy just half of that music company, Polygon had to pay almost 33 million dollars.
Lyor Cohen has placed himself in the Hall of Fame of Rock and Roll. Besides, he is serving in a New York-based charitable fund named Boys &Girls Harbor as the director currently.
In 2012, Lyor Cohen, Roger Gold, Todd Moscowitz, and Kevin Liles, an American record label, 300 Entertainment, was founded. Moreover, the record company’s parent company and distributor are Warner Music Group and Atlantic Records.
- https://www.bloomberg.com/profile/person/2169075 — Lyor Cohen Bloomberg Information
- https://www.crunchbase.com/person/lyor-cohen — Lyor Cohen Crunchbase Profile
- https://www.discogs.com/artist/320381-Lyor-Cohen — Lyor Cohen Management History Discogs
- https://www.billboard.com/author/lyor-cohen — Lyor Cohen Billboard Reports
- https://www.imdb.com/name/nm0169567/ — Lyor Cohen IMDb