Taylor Swift recently achieved a big career milestone as she surprised her followers with some great news. Last week, fans and fellow musicians were over the moon when the singer announced she bought back her music from Shamrock Capital for a whopping $360 million. But amid all this, “what’s Scooter Braun‘s net worth?” has been trending on the internet, leaving netizens curious about the record executive who first had the rights to Swift’s first six albums.
‘Scooter Braun net worth’ searches trend amid Taylor Swift’s new career milestone
On May 30, Taylor Swift announced that she regained ownership of her master recordings from Shamrock Capital. This was the private equity firm that purchased the recordings from Scooter Braun’s Ithaca Holdings in late 2020. After the singer’s multi-million dollar deal, questions related to Scooter Braun’s net worth began trending on the internet.
According to Celebrity Net Worth, Braun’s net worth is estimated to be $500 million. The businessman and record executive came to the limelight when he discovered 12-year-old Justin Bieber on YouTube in 2006. Thanks to Bieber’s successful career, Braun soon built a vast business empire that expanded to song catalog investments and artist management, among others.
He reportedly launched an investment and holding company called Ithaca Holdings LLC in 2010 and was able to raise a capital of $120 million. A few years later, in 2019, Braun reportedly acquired Big Machine Records for over $300 million. Big Machine Records was founded by Scott Borchetta, who discovered Swift when she was just 15 years old. With the acquisition deal, Braun became the sole owner of Swift’s first six albums — a decision that didn’t sit well with the singer.
However, in November 2020, it was announced that Braun had sold Swift’s catalog to Shamrock Capital. This move reportedly offered the singer a chance to become an equity owner, but she refused. The following year, Braun sold Ithaca Holdings to South Korean conglomerate HYBE for $1 billion.
Apart from these, Braun’s company, SB Projects, has managed various high-profile celebrities like Demi Lovato, Ava Max, Black Eyed Peas, Ariana Grande, The Kid LAROI, and J Balvin. His company is also into various forms of media, technology, and philanthropy. Over the years, the investor bought and sold many real estate properties, adding to his net worth.
Originally reported by Parul Singh on Reality Tea.
