You are at the right place if you need to know about Berry Gordy Net Worth. An American producer and record executive Berry Gordy. As the founder and president of Motown Records and the man responsible for the careers of major artists like Smokey Robinson, Stevie Wonder, The Temptations, Gladys Knight and the Pips, and The Jackson 5 to name a few, Berry Gordy amassed wealth and fame.
So, you can read the following paragraph to know what is Berry Gordy Net Worth.
Berry Gordy Net Worth
Berry Gordy Net Worth is $400 Million currently. Berry Gordy III, sometimes known as Berry Gordy Jr., was born in Detroit, Michigan, on November 28, 1929. He was the seventh child out of eight. Jimmy Carter, a former president of the United States, and Gordy have the same great-grandfather, Georgian plantation owner James Gordy. James Gordy and an enslaved lady gave birth to Gordy’s grandpa on his farm.
Gordy left high school after his 11th-grade year in order to become a professional boxer. He was immediately inducted into the Army for the Korean War but that profession did not endure very long.
A tweet featuring Berry Gordy Calvin Lockhart and Marvin Gaye.
— Mark Anthony Neal (@NewBlackMan) February 10, 2023
Motown Company By Berry Gordy
Several upcoming musicians, including The Miracles (formerly known as the Matadors), led by a young musician by the name of Smokey Robinson, had singles and albums produced by Gordy between 1957 and 1959. Smokey encouraged Gordy to imagine bigger since he knew when he had seen a good thing.
With an $800 family loan, Gordy started Tamla Records, an R&B label, in 1959. Marv Johnson’s “Come to Me,” Tamla’s first song to be released, was well received. The Miracles’ song “Bad Girl,” which was published the same year on Gordy’s second label, Motown, was also a hit. In late 1959, he swiftly combined Tamla and Motown into the Motown Record Corporation.
Other Initiatives Of Berry Gordy
Berry Gordy put time and effort into a variety of other initiatives in addition to producing successful songs and nurturing up-and-coming singers. He released his autobiography, “To Be Loved,” in 1994. He started producing a Motown-themed Broadway musical in 2011.
The resulting production, “Motown: The Musical,” played from April 2013 to January 2015 at the Lunt-Fontanne Theatre. In January 2016, a production of the play in the UK debuted in the West End.
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Berry Gordy Personal Life
Gordy has eight kids overall and has been married and divorced three times. He wed Thelma Louise Coleman in Toledo, Ohio in 1953, following his discharge from service in the Korean War. Six years later, in 1959, they divorced. Gordy and Coleman have three kids together.
From 1960 until 1964, Gordy was wed to his second wife, Raynoma Mayberry Liles. They have a son together. In 1990, he wed Grace Eaton, his third wife; they were divorced in 1993. In addition, Gordy is the father of a boy with Nancy Leiviska, a daughter with singer Diana Ross, a son with Margaret Norton, and a daughter with Jeana Jackson.
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Berry Gordy Property Assets
Gordy sold Michael Ovitz, a businessman in the entertainment industry, his longstanding Malibu home for $6 million in 1997. The house had been his since 1975. In 2014, Gordy received $2 million for the sale of a condo in Century City, California. Gordy’s Bel-Air home is the crowning achievement of his real estate holdings. In 1976, he acquired his first piece of Bel-Air property.
Final Lines: Berry Gordy Net Worth is $400 Million. He continued to grow, and today he owns three adjacent parcels that together make up a 4-acre compound. The 10,000-square-foot main house on the property has 13 bedrooms and 9 bathrooms. In addition, he is the owner of a neighboring parcel with a 5,000-square-foot mansion. The Bel Air houses could be worth between $50 and $70 million together.
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