Last Updated on November 15, 2022 by padam
|Full Name||Berry Gordy|
|Date of Birth||1929/11/28|
|Birth Country||United States|
|Birth Place||Detroit, Michigan|
|Father Name||Pops Gordy|
|Mother Name||Bertha Ida Gordy|
|Grand Father Name||Berry Gordy, I|
Berry Gordy is an American record executive, producer, composer, director, and television producer. Discover more details about him below.
What is the net worth of Berry Gordy?
The majority of Berry Gordy’s revenue comes from his ownership of Motown Records, a hugely lucrative and popular music business. Berry Gordy has a $400 million net worth. Motown had 450 workers and $20 million in sales by 1966, which is equivalent to $144 million in modern money.
For $61 million, or $120 million in today’s dollars, the singer sold his stake in Motown to MCA Records in 1988. Additionally, he sold EMI Publishing his share of the Motown song library that was overseen by his company, Jobete Publishing. 240 of the 15,000 songs in his collection were written by him. A few years later, Polygram paid $330 million to acquire the complete Motown discography.
Michael Ovitz, a businessman in the entertainment industry, purchased the producer’s Malibu home in 1997 for $6 million. The home was his since 1975. Gordy received $2 million for the sale of an apartment in Century City, California, in 2014. The gem of Gordy’s real estate business is his Bel-Air residence. He bought his first piece in Bel-Air in 1976.
Over the years, Gordy expanded, and now he is the owner of three neighboring lots that together make up a 4-acre complex. There are 13 bedrooms and 9 bathrooms in the 10,000 square foot main home on the site. On a neighbouring property, he also has a 5,000 square foot home. The projected value of the Bel Air estates ranges from $50 million to $70 million.
What is the relationship status of Gordy?
Berry Gordy has eight kids overall and has been married and divorced three times. He wed Thelma Louise Coleman in Toledo, Ohio, the year after his return from the Korean War. They divorced six years later, in 1959. Sherry Gordy is one of the three children that Gordy and Coleman have.
Gordy wed Raynoma Mayberry Liles, his second wife, from 1960 until 1964. Together, they have a son named Kerry Gordy. In 1990, Berry wed Grace Eaton, his third wife; they were divorced in 1993. Gordy is also the father of a boy by Margaret Norton, a daughter by singer Diana Ross, and Nancy Leiviska. He also has a daughter with Jeana Jackson.
How was the early years of Gordy?
Berry Gordy Jr., commonly known as Berry Gordy III, was born in Detroit, Michigan, on November 28, 1929. He was the seventh kid out of eight. James Gordy, a Georgian plantation owner, was Gordy’s great-grandfather, as was former US President Jimmy Carter. James Gord gave birth to his grandfather on his farm.
In order to pursue a professional boxing career, the popular record producer dropped out of high school in the 11th grade. His brief career was cut short when he was enlisted in the Army during the Korean War. After his return from the war, Gordy opened a record shop called 3-D Record Mart. The store’s mostly African-American customer purchased jazz records, which it specialized in selling. Gordy wrote songs in his own time as well; Jackie Wilson’s rendition of “Reet Petite” was a success. With the money from “Reet Petite,” Gordy started writing and producing full-time.
With a $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 published, was a hit. The Miracles’ “Bad Girl” was released the same year on Gordy’s second label, Motown, and it was also a big hit. In late 1959, he swiftly combined Tamla and Motown into the Motown Record Corporation.