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How $800 Berry Gordy Borrowed From Family At Age 29 Led Him To Eventually Sell Motown For $61M 'To Take The Legacy And Put It In Stronger Hands'

Berry Gordy became a music force thanks to an investment from his family. Before Becoming A Record Executive Before becoming a famed record executive, he pursued various other ventures, partly driven by his father’s influence as an entrepreneur. The Telegraph reports that Gordy’s father owned several businesses, involving his family in several endeavors, including a plastering and carpentry business, a general store, and a printing shop. As for Gordy, he would explore becoming an amateur boxer, which prompted his exit from high school to turn professional. However, this venture reached a dead end, per The Telegraph. He then switched gears and served in the U.S. Army in Korea but was discharged. Gordy managed to finance a record store with his earnings, but it would shut down after two years. His next move was working at a nearby Ford Motor Co. plant, earning $85 per week, according to the Orlando Sentinel. During this time, he also nurtured his love for songwriting. “I wanted to...

Samantha Dorisca

Feb 6, 2024

What Is Stevie Wonder's Reported Net Worth in 2023?

Stevie Wonder needs no introduction. With a career that spans more than six decades, countless hits and awards to his name, no one questions whether the gifted music artist has earned his flowers. His musical genius has touched pop, R&B, progressive soul, jazz and gospel music. He is not only a master of performance, he is also a prolific songwriter and producer. Award winning albums like “Songs in the Key of Life”, “Innervisions”, and “Fulfillingness’ First Finale” have solidified him as an icon in the industry. He even performed at the 1996 Atlanta Olympics, further enshrining him as a pop cultural superstar around the world. With all of his accolades, you might wonder exactly how much Stevie Wonder is worth in 2023. Stevie Wonder’s Early Life Stevie Wonder was born Stevland Hardaway Morris in 1950 in Saginaw, Michigan. Because he was born six weeks premature and was kept in an oxygen-rich incubator, he suffered from retinopathy of prematurity. This means that his eyes failed to...

Ne-Yo Recalls Being Dropped From Columbia Records —'This Left A Very Bad Taste In My Mouth About Record Deals'

It is no easy feat to pursue artistry in Hollywood, and reaching the top is not for the faint of heart. Ne-Yo joins a lists of artists who have stood out as they pave their own legacy.

Samantha Dorisca

May 30, 2023

Diddy Announces New R&B Music Label As Well As A Partnership With Motown Records

Diddy has become the living embodiment of his 1996 lyric, “I thought I told you that we don’t stop.” Over the past several years, the multimillionaire has been inundated with multiple business ventures outside his origins in music. However, with the announcement of a new R&B label, Sean Combs is making his return.

Josh Rodgers

May 10, 2022

Berry Gordy Not Only Built A $400M Net Worth — But He Also Produced A Family Show Business Legacy

When it comes to show business families, few — if any — have had the impact of the Gordy family. Under the tutelage of Berry Gordy, Motown Records produced some of the biggest hits of the Golden Age of Music. From a former boxer to creating “The Sound of America” — according to The Motown Museum — Berry Gordy has certainly created a lasting empire. According to Celebrity Net Worth, in fact, Berry Gordy’s net worth even after he sold Motown Records in 1988 is a gob-smacking $400 million. And the Gordy family continues to be relevant in both music and business. Whether it’s by blood or by marriage, chances are that you’re currently enjoying music, movies, television shows, and more from this show business legacy family. Believe it or not, too, there are some members of the Gordy family that are nowhere near the entertainment industry. Did you know that one of the most prominent Gordys went into politics — going so far as to become one of America’s presidents? In short, members of this...

Motown Records Links Up With Google To Elevate Women Of Color Within The Music Industry

It’s been about 63 years and Motown Records continues to be the sound of America! The renowned record label that has birthed greats like The Temptations, Stevie Wonder, The Supremes, and more has linked up with Google to provide young women of color with the resources that they need to thrive in the media landscape. “Motown has always been a destination where creators come to bring their dreams to life,” said Motown Records Chairwoman & CEO Ethiopia Habtemariam in an official press release shared with AfroTech. “This creative program, in partnership with Google, will provide opportunities for women creatives to elevate and even further develop their craft.  I’m looking forward to all of the diverse content from the selectees and partnering with a dynamic woman to create culturally driven innovations that connect globally. The Motown Records Creator Program Supported by Google will both find and fund the next legendary woman content creator, videographer, or creative producer/director.

Shanique Yates

Feb 9, 2022