What is Irving Azoff’s Net Worth and Salary?
Irving Azoff is a wealthy American businessman with a fortune of $400 million. Irving Azoff works in the entertainment sector as an executive. He has held a variety of executive roles with organizations such as Ticketmaster, Live Nation Entertainment, and IMG.
Christina Aguilera, Joe Walsh, Van Halen, Thirty Seconds to Mars, Steely Dan, Chelsea Handler, and Lindsey Buckingham of Fleetwood Mac are among his music business clients.
Azoff, a former apprentice of David Geffen, started his career in the mid-1970s by establishing Front Line Management. Azoff earned a reputation as a dictator when dealing with record labels, and Front Line ultimately became the most powerful management business in rock history, with clients including Boz Skaggs, Stevie Nicks, Heart, Jackson Browne, and the Eagles (bequeathed to Azoff by Geffen).
Azoff followed Geffen’s path and became the head of a major label, the struggling MCA label, in 1983. Within a year, the astute CEO transformed the label from near-bankruptcy to profit with transactions like as acquiring Motown distribution rights and signing multi-platinum teen singer Tiffany. Azoff left MCA in 1989 to start his own label, Giant, which had early success with Color Me Bad and the soundtrack of New Jack City. Azoff coordinated the enormously successful Eagles reunion album and following tour in 1994, demonstrating that he still had the instincts to keep him at the top.
In his book Hotel California about the late 1960s and early 1970s Southern California rock scene, Barney Hoskyns said that singer-songwriter Randy Newman’s song “Short People” was intended at Azoff, whose height is 5′ 3′′, since Azoff relentlessly recruited Newman for Azoff’s Front Line management. Azoff is also known as the “Poison Dwarf” in the music business.
Azoff was born in Danville, Illinois on December 12, 1947. His upbringing and parents are unknown, however he was reared in a Jewish home and attended Danville High School. While still in high school, he started marketing and booking local bands, and he quickly realized he had talent in this area. He continued to do so after enrolling at the University of Illinois at Urbana-Champaign.
REO Speedwagon, a Champaign-based band, was Azoff’s first management client. He subsequently started working as Dan Fogelberg’s manager. He and Fogelberg went to Los Angeles in 1972, where he quickly found work with Geffen-Roberts Management. He began working with the Eagles while at this firm. This romance lasted for nearly four decades.
He became the head of MCA Music Entertainment Group after working in Los Angeles for nearly a decade. The faltering label became a successful one throughout his six-year tenure in this post. He then left MCA to join Warner Music Group, where he founded Giant Records. He controlled the record label for the most of the 1990s, until Azoff decided he’d rather focus on managing musicians.
He managed musicians well into the 2000s and was twice awarded “Manager of the Year” by two touring industry trade journals. Front Line Management Group was formed by him, and he served as its chief executive. In October 2008, the ticketing business Ticketmaster announced the acquisition of Front Line, and Azoff was named CEO of Ticketmaster. He was appointed chairman of Live Nation in February 2011. By 2012, he had risen to the top of Billboard Magazine’s Power 100 list as the most prominent person in the music business.
Azoff launched the performance rights nonprofit Global Music Rights in 2013. The firm made a living by managing the publication of musicians such as John Lennon, George Harrison, Bruno Mars, Pearl Jam, Metallica, and Bruce Springsteen. The next year, he launched Azoff MSG Entertainment, a joint venture with The Madison Square Garden Company (MSG). He was the chairman and CEO of MSG, as well as a consultant. The organization oversaw a number of live event venues, notably the Forum in Inglewood, California. Azoff MSG Entertainment were embroiled in controversy when they joined a lawsuit against the city of Inglewood in an effort to halt the development of a new arena for the Los Angeles Clippers. Leaked emails subsequently showed that MSG was seeking to get the Los Angeles Lakers to return to the Forum when their contract at the Staples Center expired. MSG was also interested in preventing the development of the opposing NBA team’s new arena.
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He and Tim Leiweke co-founded Oak View Group in 2015. The construction of the Belmont Park Arena in Milan, Italy, is one of the company’s significant projects. Azoff and Oliver Chastan co-founded Iconic Artists Group in 2018. The organization is an entertainment rights management firm. The firm was successful in acquiring catalogs or stakes in a number of notable musicians, including David Crosby and The Beach Boys. Azoff, on the other hand, found himself in deep water in 2018 after Nicki Minaj accused him of coordinating a smear campaign against her impending tour. The tour, however, seemed to be able to reconcile, as Azoff shortly after became Minaj’s manager. Global Music Rights also handles the majority of her composition credits.
Azoff was inducted into the Rock & Roll Hall of Fame in January 2020 after earning the Ahmet Ertegun Award, which is awarded to a non-performing music business professional who has spent their life to promoting musicians and their music.
Azoff has co-produced a number of notable films, including “Fast Times at Ridgemont High,” “Urban Cowboy,” “Jack Frost,” “Above the Rim,” and “The Inkwell.” In 2012, he featured in “Artifact,” a documentary film about the legal dispute between Thirty Seconds to Mars and the record company EMI. In 2015, he portrayed a poorly disguised version of himself in the “Documentary Now!” spoof of “History of the Eagles.”
Azoff has a wife named Shelli Azoff. They don’t talk about their personal lives very frequently, although they have four children together: Jeffry, Allison, Cameron, and Jaye. The couple bought The Apple Pan, one of Los Angeles’ oldest still-operating eateries. Soon after, they partnered with a group of Los Angeles-based investors to buy another restaurant, Nate n Al’s. The restaurant, which was created in 1945, is also one of the oldest in Los Angeles.
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Irving and Shelli sold an oceanfront house in Malibu for $10 million in 2012. They still own numerous additional houses in Malibu, including a 12-acre estate. They also own many homes in La Quinta, California, as well as a mansion in Snowmass, Colorado.