|Net Worth:||$40 Million|
|Date of Birth:||January 15, 1967 (56 years old)|
|Nationality:||United States of America|
What Is Mona Scott-Young’s Net Worth?
Mona Scott-Young is an American record executive, talent manager, and entrepreneur who has a net worth of $40 million. LL Cool J, Missy Elliot, 50 Cent, Fantasia, and Busta Rhymes were just a few of the notable hip-hop performers that Mona Scott-Young represented throughout her career.
The fact that Monami Entertainment was founded by Mona Scott-Young, who manages artists, produces projects for television and cinema, and even started a brand of cosmetics and beauty items, may be more significant. Love & Hip Hop, the most watched program on VH1, and Grammy Award-winning musician Missy Elliott are both produced by Monami Entertainment.
The spin-offs Chrissy & Mr. Jones, Love & Hip Hop: The Movie, and Chrissy & Mr. Jones were all created by Monami Entertainment’s film and television division. The Gossip Game, Donald Trump Presents The Ultimate Merger, Cocaine: History Between the Lines, The Road to Stardom with Missy Elliott, and the Bravo documentary series The New Atlanta are all available on VH1.
Scott was born on February 15, 1967, in New York City. She was reared in the city by her parents, who are both of Haitian ancestry, and spent her whole childhood and adolescence there. Park West High School is where she studied. She decided not to go to college when she was a teenager because she needed to keep working to earn enough money to pay her rent, so she moved out on her own.
Although she has always known she had a sharp business mind, Scott did not initially plan on pursuing a career in music, management, or production. When the Brooklyn band TrackMasters invited her to join the group as their manager, she was working at Radio City Music Hall in New York City.
She made the decision to take the job even though doing so would alter her career’s course. She met music industry executive Chris Lighty because of her work at TrackMasters. They co-founded the music management business Violator in 1996.
Over the next 10 years, Scott worked to bring Violator to its full potential, helping to begin or revive the careers of singers including Busta Rhymes, LL Cool J, Q-Tip, Foxy Brown, Ja Rule, Mobb Deep, 50 Cent, Mariah Carey, Fantasia, and Missy Elliot.
Scott made the decision to switch to working in television in 2005 after finding great success with Violator. Given her position as Missy Elliot’s manager, she first worked as a producer on the television program “The Road to Stardom with Missy Elliot.”
In 2005, UPN aired the program. She founded her own television production firm, Monami Productions, in the same year. A director at VH1 named Jim Ackerman approached Scott in 2006 with the intention of working with her to create a new reality program centered on the rapper Jim Jones. Scott, though, changed the show’s premise in a different way.
Since then, the show has spawned a sizable media franchise as well as a number of spin-off series, including “Love & Hip Hop: Atlanta,” “Love & Hip Hop: Hollywood,” “Love & Hip Hop: Miami,” “Chrissy & Mr. Jones,” “K. Michelle: My Life,” “Stevie J & Joseline: Go Hollywood,” and “Leave it to Stevie,” all produced by Monami Productions.
The fact that “Love & Hip Hop” has increased awareness of Black American culture and given people of color a number of opportunities to work in front of and behind the camera have made Scott adamant about how pleased she is with the show.
These include a number of series and one-off specials produced by Monami Productions, such as “This is Hot 97,” “Cocaine: History Between the Lines,” “Donald Trump Presents: The Ultimate Merger,” and “Cocaine: History Between the Lines.”
For the Bravo Network, Scott also created and produced “The New Atlanta” in addition to “Money, Power, and Respect.” She served as the movie “The Promise Keeper’s” executive producer in 2013. Scott has attempted a few additional business endeavors in addition to her employment in television and music.
Along with the rapper and performer Nicki Minaj, she serves as co-owner and chief marketing officer of the MYX Fusions Moscato brand. Scott is also active in a number of charitable and philanthropic organizations. She is a board member for the GrassROOTS Foundation, the RSQ Foundation, and The Haitian Roundtable.
Scott has been honored for her accomplishments throughout her career. She was honored at the ASCAP’s Woman Behind the Music gala in 2011. Additionally, she has received a number of awards from the National Association of Black Female Executives in Music Entertainment and the Marketer of the Year accolade from Ad Age.
Additionally, she was honored by the National Congress and Convention of Haitian-Americans. She received the “Reality TV Royalty” honor at the MTV Movie & TV Awards in 2019.
Scott changed her last name to Scott-Young in 2005 after getting married to her longtime partner Shawn Young. Justin Young, the son of the couple who was born in 1998, wants to be a musician. The couple welcomed their second child, a daughter they named Jordan, in May 2003.
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