Troy Carter is a well-known American music manager, CEO, businessman, and investor who has a net worth of $70 million. He is famous for being the co-founder of multiple companies, including AF Square, Atom Factory, SMASHED Labs, and Q&A Music and Technology.
Keep on reading to learn more about Troy Carter. Find how he managed business and career to become an owner of such massive wealth. Also, know some interesting facts, such as Troy Carter’s biography, education, early life, and lots of other things.
How much money does Troy Carter make?
Troy Carter earned most of his money by investing in film and TV production companies. Besides, he has been working as a manager of some wildly famous artists. Eventually, all his investments and management activities bring him around 10 million dollars per year.
Troy Carter’s earnings amount is given below in a periodic format:
- Yearly Income: $10 million
- Monthly Income: $833.33 thousand
- Weekly Income: $192.3 thousand
- Daily Income: $27.4 thousand
- Hourly Income: $1.14 thousand
How does Troy Carter make money?
Troy Carter is a music manager, businessman, and CEO at a time. Additionally, he also invests money in various businesses. Moreover, Troy is a co-founder of a company. In a word, his career activities are full of diversity. His known workings are divided below into a few points:
- Music Industry Career
- Investor and Entrepreneur
Earnings and Struggles in Music Industry
In 1995, Troy Carter started his career just after being dropped out from high school. He had a high school rap team named 2 Too Many. Fortunately, the group was able to sign up for contact with WilJam Records.
After a year, the rap team lost contact with WilJam Records. So, Troy Carter left the rap group. He started to work both as a personal assistant of Lassiter and in the studio of DJ Jazzy Jeff.
In 1996, Troy Carter started promoting rap concerts of various artists, such as The Notorious B.I.G. In the same year, he was hired by the producer of Bad Boy Records as an intern.
After completing the internship in Bad Boy Records, he went to Las Angeles to work again with James Lassiter. But he got fired again and had to return to Philadelphia. After returning to his hometown, Troy Carter struggled very hard. He cites this period as the darkest time of his life.
In 2006, Troy Carter first met Lady Gaga. At that time, she was also an unknown singer and musician. After working with Lady Gaga, Troy Carter started to have success.
Besides Lady Gaga, Troy Carter has managed many other heavily famous artists. He had earned a vast amount by working with Meghan Trainor, John Legend, Eve, Miguel, Bonnie McKee, Lindsey Stirling, and Benny Cassette.
Earnings from Investing in Businesses
In 1999, Troy Carter founded his first company along with Jay Erving named Erving Wonder. There, he was the executive vice president. In 2006, the company broke, and Troy Carter fell into heavy debt. But he turned back after managing Lady Gaga.
Troy Carter made a massive profit with Lady Gaga. In 2007, he invested his profit in forming a company named Coalition Media Group. Eventually, it is the first company of Troy Carter that has permanence.
Besides the following company, Troy Carter did a total of 20 personal investments and 23 partner investments in several businesses and companies. Some of the famous companies he co-founded and invested in are given below:
- AF Square (co-founded)
- Atom Factory (co-founded)
- SMASHED Labs (co-founded)
- Q&A Music and Technology (co-founded)
- Uber (Investment)
- Dropbox (Investment)
- Spotify (Investment)
- Catalyte (Partnership Investment)
- SonicEnergy (Partnership Investment)
Biography of Troy Carter
|Date of Birth||14 November 1972|
|Place of Birth||Philadelphia, Pennsylvania, United States|
|Height||6 feet 0 inch|
|Wife Name||Rebecca Carter|
|Profession||Music manager, CEO, Businessman, and Investor|
|Net Worth||$70 million|
The Early Life of Troy Carter
On 14 November 1972, Troy Carter was born in Philadelphia, Pennsylvania. And he grew up in West Philadelphia, Pennsylvania.
When Troy Carter was only two, his parents were divorced. Moreover, Troy’s father remarried another woman. Later, when Troy Carter was seven years old, his father was sentenced to 12 years of prison. In addition, he was imprisoned because of murdering his second wife’s brother.
Troy Carter completed primary school at Huey Elementary School, located in West Philadelphia. Later, he attended Sayre Middle School, located in the same region.
Furthermore, Troy Carter attended West Philadelphia High School. But in 1990, he dropped out of high school and started his career.
According to Market Watch, Troy Carter said in a briefing that Lady Gaga always handled the creative decisions. On the other hand, he had to make all kinds of business and marketing decisions. Eventually, this kind of strategy caused problems between them. Thus Troy Carter left Lady Gaga before releasing Artpop in November 2013.
Since 1995, Troy has been actively working in the music industry as a music manager. In addition, he worked with many famous artists as a manager. The artists are John Legend, Meghan Trainor, Lady Gaga, Eve, Benny Cassette, etc.
Troy Carter left Spotify because the company’s conduct policy is very hateful. Though Troy Carter has left Spotify, he would join the company to take part in an advisory role in September.
- https://www.crunchbase.com/person/troy-carter — Troy Carter Crunchbase Person Profile
- https://www.discogs.com/artist/1637972-Troy-Carter-2 — Troy Carter Discogs Discography
- https://www.imdb.com/name/nm1449483/ — Troy Carter IMDb
- https://www.imdb.com/name/nm1449483/awards — Troy Carter Awards IMDb