She has also served as president of Elektra Records and Universal Motown Records.
Sylvia Rhone is an American music industry executive with a net worth of $20 million. Born in Philadelphia, Pennsylvania in 1952, Rhone has had a long and successful career in the music industry. She served as president of Motown Records until 2011, then founded her own label Vested in Culture in 2012, which had a distribution deal with Epic Records. She has also held positions as president of Elektra Records and Universal Motown Records.
Sylvia Rhone is a member of Richest Business
💰Sylvia Rhone Net worth: $20 Million
Rhone was raised in Harlem and has cited her exposure to seminal R&B shows at the famous Apollo Theater as being pivotal to her belief in music as an inspirational force, as well as the reason she ended up working in the music industry professionally. After graduating with a B.S. in Economics from the Wharton School at the University of Pennsylvania, she pursued her passion for music by landing a job as a secretary for Buddha Records in 1974. What ensued was a series of promotions that eventually elevated her to the director of national black music marketing for Atlantic Records within six years.
In 1994, Rhone was hired by the Warner Music Group to become the chairman and CEO of the Elektra Entertainment Group, at which time the Los Angeles Times called her "the most powerful woman in the music business", making her the only African American (and the first woman) in the history of the recording industry to attain the dual title. In 2004, her career hit a new peak as she was appointed president of Motown Records as well as executive vice president of Universal Records, where she remained until 2011. In March of 2014 it was announced that Rhone would become the president of Sony Music's Epic Records. She's still with Epic Records today, as well as serving on the Board of Directors for both the Alvin Ailey American Dance Theater and the Rock and Roll Hall of Fame in Cleveland.