L.A. Reid | $300 Million

L.A. Reid reached a whopping $300 million in net worth as a successful music executive and a producer. He is known to put his investment money to create Hitco Entertainment, Hitco Music Publishing, as well as co-founding LaFace Records together with Babyface. Part of his career was being the chairman and even CEO of music companies like The Island Def Jam Music Group and Epic Records. Throughout his career, he has worked with several music icons like TLC, Bobby Brown, Toni Braxton, Avril Lavigne, Boyz II Men, Whitney Houston, Rihanna, and Travis Scott.

Aside from being a music executive and producer, Reid also became a judge on the reality TV show The X Factor for two seasons. He later created Hitco Entertainment. Reid has been known to have written as well as produced tracks for various artists like Outkast, Paula Abdul, Meghan Trainor, Ne-Yo, Future, Fifth Harmony, and Halsey just to name a few. He has also been the recipient of three Grammy Awards and more.