Elliot Grainge Net Worth: How the Music Mogul Built His Fortune?

Publish date: 2024-05-17

Elliot Grainge is a music executive and the founder and CEO of 10K Projects, an indie record company that has signed musicians including Trippie Redd, Iann Dior, Internet Money, and Sofia Richie.

Grainge is also the son of Lucian Grainge, Chairman and CEO of Universal Music Group, one of the world’s largest music organizations. But how much is Elliot Grainge worth, and how did he achieve such success in the music industry?

Elliot Grainge Net Worth and Lifestyle

Elliot Grainge’s net worth is estimated to be between $10 million and $18 million by various sources. He made his riches via his record company, 10K Projects, which he owns and operates. He also makes money through royalties, merchandise, and endorsements.

Elliot Grainge leads a luxury lifestyle, having purchased a property in Beverly Hills, California, for $9.8 million in 2020. He also has a collection of luxury vehicles, including a Lamborghini, a Ferrari, and a Rolls-Royce. He enjoys traveling the world with his wife, Sofia Richie, and spending time with family and friends.

Early Life and Education

Elliot Grainge was born in 1995 in London, England, to Lucian Grainge and Caroline, his first wife. He grew up in a musical family since his father was a well-known musician who collaborated with musicians such as Elton John, Lady Gaga, Rihanna, and Taylor Swift.

Elliot acquired a love for music at an early age and began creating beats and remixes on his laptop when he was 12 years old. Elliot relocated to Los Angeles with his father when he was 15 and went to Brentwood School, a prominent private school.

He later attended Northeastern University in Boston, where he studied music, the music industry, and business. In 2017, he earned his bachelor’s degree.

Career and Achievements

Elliot Grainge began his music career as an intern at Interscope Records, Republic Records, and his father’s firm, Universal Music Group. He learned the ropes of the company and made key relationships.

In 2016, he decided to start his record label, 10K Projects, with the aid of his father, who gave him initial cash and distribution. He called the label after his ambition of earning $10,000 per month through music.

He began by signing two emerging musicians, Trippie Redd and Tekashi 6ix9ine, both of whom went viral and topped the charts. However, he severed relations with Tekashi 6ix9ine after the rapper was arrested on racketeering and gun charges.

Elliot Grainge expanded his label by adding new musicians, including Iann Dior, Internet Money, Poor Stacy, and Surfaces. He has enlarged his portfolio to include pop and R&B singers like Sofia Richie, his fiancée. He is renowned for identifying and nurturing some of the music industry’s most important and popular acts, particularly in the hip-hop, trap, and emo rap genres.

Elliot Grainge’s label has seen tremendous success, with 18 gold and eight platinum/multi-platinum singles totaling 22 billion streams.

Personal Life and Relationships

Elliot Grainge is engaged to Sofia Richie, the daughter of famed musician Lionel Richie and sister of Nicole Richie. The two began dating in early 2021 after Sofia ended her relationship with Scott Disick, Kourtney Kardashian’s ex-boyfriend.

They announced their engagement in April 2021, with Sofia sharing a snapshot of her ring on Instagram. Additionally, they were wed in a lavish ceremony in November 2021 in front of their loved ones.

Elliot Grainge is extremely close to his father, Lucian Grainge, who has been a mentor and supporter of his work. He has also inherited his father’s money since Lucian Grainge’s net worth exceeds $50 million. Elliot Grainge’s younger sister, Alice Grainge, is a film producer.

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