Who is Clive Davis and what is his net worth 2018? Clive Jay Davis, commonly known as Clive Davis is an American executive in the music industry, record producer and an A&R (Arista Records) executive. Apparently, he is the chief creative officer at Sony Music Entertainment. Prior to this, he was the president of Colombia Records from 1963 to 1973. In addition, he was the founder and president of Arista Records from 1975 to 2000. He has held other executive positions like the case where he was the chairman and CEO of different companies such as RCA Music Group, J Records and BMG North America.
Clive Jay Davis was born on 4th April 1932, at Brooklyn, New York in the United States. His parents are Herman Davis and Florence Davis. However, he lost both of his parents when he was a teenager. This left him lonely and with no money of his own, a factor that geared him to work very hard in school. His hard work paid as he was able to achieve high grades that earned him full scholarship to New York University and Harvard Law School. He graduated from the Law school in 1956 fully equipped to fulfil his dreams as a Lawyer.
Clive Davis has been married and divorced to two different women. He was initially married to Helen Cohen from 1956 to 1965 and they were blessed with two children (Fred, born 1960) and (Lauren, born 1962). However, after their divorce, Davis got married to Janet Adelberg from 1965 to 1985 and they got two children together (Mitchell born 1970) and (Doug Davis, born 1974).
He has four children in total and seven grandchildren. Davis however claims that he was bisexual and had relationships with men since the late 1970s when he was in a relationship with a male doctor preceding a relationship with another man from 2004. He revealed his bisexuality to the public in 2013 in his autobiography “The Soundtrack of My Life”.
Clive Davis started working on small law firms in New York before joining firms of higher ranking like Rosenman & Colin LLP. In 1960, Davis was hired by Harvey Schein as an assistant counsel of CBS subsidiary Columbia Records.in 1965, Clive Davis was appointed as the administrative vice president and general manager only to become the president of the group in 1967. His main area of interest was “folk rock” and “rock and roll”.
However, Clive was fired from this company after he was accused of misusing the company`s funds for personal gain. He founded Arista Records which replaced Columbia Pictures. He left Arista in 2000 and founded J Records which was funded by Bertelsmann Music Group (BMG). J Records and BMG merged to form RCA music group with Clive Davis as the CEO. Davis became the Chief Creative Officer of Sony Music Entertainment from 2008 to date.
Clive Davis Net Worth
Clive Davis has won numerous awards and have contributed to the build-up of prominent artists such as Jennifer Hudson, Kelly Clarkson and Santana. He has an estimated net worth of $880 million. He owes this fortune to his success as an executive music producer.
In 2011, the Grammy Museum which have 200 seat theatre was named the “Clive Davis Theatre,” in addition to the fact that Davis received the Grammy Trustees Award in 2000. He also received the President’s Merit Award at the 2009 Grammys.