Jerry Moss at a Glance
The Legacy of Jerry Moss: From A&M Records to a $700 Million Fortune
Jerry Moss, a name synonymous with musical innovation and entrepreneurial success, left an indelible mark on the music industry. At the time of his death in August 2023, his estimated net worth was a staggering $700 million. This article delves into the life and legacy of Jerry Moss, exploring his journey from a record promoter to the co-founder of the world-renowned A&M Records and beyond. We’ll examine his impact on the music industry, his passion for horse racing, his valuable art collection, and his philanthropic endeavors.
Early Life and Education
Jerry Moss was born in New York City on May 8, 1935. His early life laid the foundation for his future success. He attended Brooklyn College, where he earned a Bachelor of Arts degree in English. This education provided him with the skills in communication and cultural understanding which later proved invaluable in his career.
Career Beginnings
Following a stint in the United States Army, Jerry Moss embarked on his musical career as a record promoter. His initial success came with promoting “16 Candles” by The Crests in 1958, which reached number two on the Billboard Hot 100. He then moved to California and formed Carnival Records with Herb Alpert, marking the start of his journey as a record executive.
A&M Records: The Birth of a Music Empire
The duo soon discovered that the name “Carnival Records” was already in use. Thus, they renamed their company A&M Records, using the initials of their last names, Alpert & Moss. In 1962, with a handshake and a modest investment of $200 each, A&M Records was born. The company’s headquarters were located near Charlie Chaplin Studios in Los Angeles, from 1966 to 1969. The partnership was built on trust and mutual respect, and would become the largest independent record label globally. A&M Records was known for its artist-friendly approach.
A&M Records and the Artist Roster
A&M Records became home to a multitude of iconic artists across multiple genres:
- The Carpenters: The sibling duo known for their soft rock sound.
- The Police: A new wave rock band known for hits like “Roxanne.”
- Cat Stevens: Singer-songwriter known for folk-rock hits.
- Janet Jackson: Pop icon who achieved international fame with her unique blend of pop, R&B, and funk.
- Sheryl Crow: A celebrated singer-songwriter known for blending rock, pop, and country.
- Joe Cocker: The English singer known for his raw voice and energetic stage presence.
- Carole King: A legendary singer-songwriter.
- Styx: Rock band known for their progressive rock sound.
- Supertramp: British rock band known for hits like “Breakfast in America.”
- Bryan Adams: Canadian singer.
Through licensing and distribution deals, A&M Records also signed various British artists, including Joe Cocker, Free, and Procol Harum. The label’s diverse roster helped it achieve tremendous success and solidified its place in music history.
PolyGram Records and the Fate of A&M
In 1989, Jerry Moss and Herb Alpert sold A&M Records to PolyGram Records for $500 million. They stayed on to manage the label for the next five years. In 1999, they successfully sued PolyGram for an additional $200 million. Later, in 1998, PolyGram was acquired by Seagram and subsequently merged into Universal Music Group. A&M Records was eventually merged with Interscope Records and Geffen Records, creating Interscope Geffen A&M Records. The A&M brand was later revived in 2007 and merged with Octone Records to form A&M Octone Records, which operated until 2014 before merging with Interscope.
Rondor Music: A Music Publishing Powerhouse
In addition to A&M Records, Moss and Alpert co-founded Rondor Music International. Rondor Music became a major player in music publishing, handling an extensive catalog of songs and promoting artist-friendly practices. In 2000, Rondor Music was sold to Universal Music Group for $400 million worth of Seagram stock.
Almo Sounds: A New Chapter
After leaving PolyGram, Moss and Alpert launched Almo Sounds in 1994. Almo Sounds sought to recreate the A&M Records environment. The new label signed artists like Imogen Heap, Garbage, and Gillian Welch. Alpert also released some of his own albums on the label. Almo Sounds ceased releasing new music in 1999, but it was a testament to the founders’ commitment to their vision.
Jerry Moss’s Passion for Horse Racing
Outside the music industry, Jerry Moss was a passionate horse breeder and racer. He was appointed to the California Horse Racing Board in 2004. In 2005, his horse Giacomo won the Kentucky Derby, making history with the largest first-place purse ever awarded at the time. Moss frequently named his horses after artists and songs from A&M Records, showing his dedication to his music roots.
Art Collection: A Legacy of Beauty
Over many years, Jerry Moss built a vast and valuable art collection, including works by Andy Warhol and Frida Kahlo. In November 2023, a portion of his collection was auctioned off for $64 million, underscoring the value and importance of the art he collected.
Personal Life and Philanthropy
Jerry Moss was married three times. He married Helen Sandra Rusetos, and then Ann Holbrook. In 2016, he began dating Tina Morse, and they married in 2019. On the philanthropic side, Moss and his wife contributed $25 million to the Music Center in downtown Los Angeles, marking the biggest individual donation to the institution. Jerry Moss died on August 16, 2023, at the age of 88.
Real Estate Holdings: Bel Air and Maui
Jerry Moss had significant real estate holdings, including a mansion in Bel Air and an estate in Maui. He purchased the Bel Air property in 1987 and expanded it in 1994. The Bel Air mansion was listed for sale in November 2023 for $53 million. The Maui estate, acquired over multiple transactions, spanned 1.43 acres and was listed for sale in November 2023 for $39 million. These properties reflect his success and lavish lifestyle.
(Photo by Allison Dinner/Getty Images)
This image shows a photo of Jerry Moss.
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This image also shows Jerry Moss.
Conclusion
Jerry Moss’s life was an inspiring journey of innovation, entrepreneurship, and a deep passion for both music and horses. His vision and business acumen shaped the music industry. Moss’s legacy extends beyond his financial achievements, influencing the lives of countless artists and leaving a lasting impact on the world.