I'm a senior writer and editor at Forbes, covering business and editorial lead at ForbesBLK. Previously, I covered business at CNBC, ranging from professional league media deals, sponsorships, labor agreements, and athlete portfolios.
in his 10,000-square-foot Tuscan-style mansion just north of Malibu, Yo Gotti, the 42-year-old founder and CEO of the Memphis-based Collective Music Group , is trying to relax. “Certain things validate the hard work,” Gotti says, overlooking his infinity pool with its pristine views of L.A. sunsets. “This is one of them.”
His has been a long climb in the music business, and Gotti celebrates with the trappings of success. He has an impressive watch collection that he claims is worth about $10 million and includes timepieces by Patek Philippe, Rolex and Vacheron Constantin. He also owns a fleet of luxury cars, including an armored Hummer truck, a 2023 lime green Rolls-Royce Cullinan and a Tesla Model S, a gift from his girlfriend, Angela Simmons, daughter of rap legend Joseph “Rev. Run” Simmons of Run-DMC.
Valuations are top of mind for Gotti because of the astronomical prices investor groups are paying for music catalogs these days. Bob Dylan, for example, sold his catalog for $400 million in 2020, according to PitchBook; the following year, Bruce Springsteen sold his for $550 million. Younger artists are also cashing in. Last year, Katy Perry and Justin Bieber each sold the rights to their music for more than $200 million.
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