Todd Moscovitz is a billionaire who has been a member of the entertainment industry for almost two decades. Previously, he was the head of Rush Communications, general manager of Def Jam Records, and CEO of Warner Brother Records. In 1998, he appeared in an article in the New York Times discussing the St. Bart’s festivities with Sean “Puffy” Combs, Anna Wintour, and Olivier Picasso.
The deal with Sony Music Entertainment and Universal Music Group valued Alamo Records at around $125 million. According to Music Business Worldwide, this figure is speculative, but sources have claimed that the total purchase price was around $225 million. The sale was made when Sony bought a 75% stake in Alamo Records, which Todd Moscowitz co-founded with Universal Music Group. Alamo signed artists like Blackbear, Lil Durk, and Rod Wave.
Liles, who also founded KWL Enterprises, has a $60 million net worth. Liles began his career with Baltimore-based DJ team Numark, and eventually became a VP at Warner Music Group. Later, he founded KWL Enterprises and established the record label 300 Entertainment. His net worth is estimated from these endeavors. It may not be entirely accurate, but his achievements have earned him a fortune.