Scooter Braun, renowned for managing tours for different artists, announced his retirement from the music industry on June 17, 2024, via a detailed Instagram post. As per Celebrity Net Worth, Braun, an entrepreneur and record executive, has an estimated net worth of $500 million.
In his post, Braun expressed his gratitude for his journey, saying:
"I have been blessed to have had a "Forrest Gump" – like life while witnessing and taking part in the journeys of some of the most extraordinarily talented people the world has ever seen. I'm constantly pinching myself and asking "how did I get here?" And after 23 years this chapter as a music manager has come to an end."
Additionally, Scooter Braun revealed that he had to be on call for the entire week as an artist manager, but his personal life was affected after his "children got older." He said that he could not lose his kids, and it was the correct time to start pursuing something different. He continued by revealing his future plans and wrote:
"In this next chapter I have been honored to join as a board member of Hybe and serve as the CEO of Hybe America. My brilliant partner these past 3 years, Chairman Bang, has a vision I truly believe in. But even beyond that he has become a true friend who understands where I must be in my life these days."
The comments section was flooded with different reactions, and Braun's followers thanked him for his service for the last 23 years.
Scooter Braun accumulated a lot of wealth from his career as an entrepreneur and music manager: Earnings and other details explored
The New York City native developed an interest in managing artists at a young age. He later decided to build a career in this field, which has contributed a lot to his earnings. In 2010, he founded Ithaca Holdings LLC, an investment company owning different ventures.
Scooter Braun even brought luxurious properties, starting with a mansion in Brentwood, California, in 2014. As per Celebrity Net Worth, the property was priced at $13.1 million. He then purchased a new house in 2020 worth $18 million with his wife, Yael Cohen.
Additionally, Braun listed two houses on Sunset Strip and Los Angeles for $4.6 million and $11.6 million, respectively. Scooter and Yael were previously the owners of another house in Montecito, California. Following the duo's split, Braun bought a home for $65 million in Brentwood.
He purchased a mansion from Ellen DeGeneres in 2022, and the price of the deal was reported to be $36 million. Scooter sold another property in Texas for $18 million the same year.
Scooter Braun has been an investor in popular companies such as Spotify and Pinterest and is involved in philanthropic activities, including being associated with the Braun Family Foundation.
Additionally, he served as an executive producer of television shows like Scorpion and Dave. He is the co-creator of the children's TV show, Karma.
Scooter Braun addresses his career in brief in Instagram post
While announcing his retirement, Braun said that he is thankful to everyone he has collaborated with throughout his career. He recalled a few moments that he witnessed in these years and wrote:
"I have gotten to see my friend Andrew Watt win the Grammy for Producer of the year. I have laughed and cried as Lil Dicky truly became Dave. I have witnessed an angel of a human Tori Kelly win Grammys and star in films. I have seen J Balvin live out his dreams of breaking boundaries, and Demi show kindness and grace that few megastars have."
Scooter Braun mentioned similar instances, including that he saw Quavo growing up as an entrepreneur. He also praised Justin Bieber and Ariana Grande for their achievements as the "biggest male and female in the history of the Spotify Billions club." He continued:
"To see them both come up to be the legends they are today will forever be one of my greatest honors, As we change our working relationships now, I will continue to root for them with the same passion that I did at each of their humble beginnings."
Braun stated that a lot of things have changed in his company, and the same will not happen to his "business relationships" with his clients. He mentioned that he will be replaced by Allison Kaye and Jennifer McDaniels, adding that they are going to expand the business like he did until now.
Scooter Braun also spoke on the future of Hybe, stating that they would add more executives and artists. He further stated:
"Our WeVerse platform and growing gaming unit is something the whole industry can celebrate and join. Getting the opportunity to A&R and Executive Produce the solo career of Jung Kook last summer, and work with the other members of BTS as we break worldwide records, has been an absolute honor."
He ended by writing that he would cherish the special moments forever and God has planned something better for him.