Troy Carter Net Worth

Net Worth:$50 Million
Date of Birth: November 14, 1972 (51 years old)
Profession:Investor, businessman, and Talent Maneger
Nationality:United States of America

What is Troy Carter’s Net Worth?

Troy Carter is an American CEO and Music manager who has a net worth of $50 million. He is the current CEO and co-founder of the Q&A establishment. Before now, he was formerly the CEO and chairperson of Atom Factory, a talent management and film and television production company.

Atom Factory rose to prominence in part for managing the careers of celebrities including Priyanka Chopra, John Legend, Charlie Puth, Meghan Trainor, and Lady Gaga. Carter has a variety of interests and has worked with Spotify in the past. He was also an early investor in startups like Uber, Dropbox, Lyft, and Warby Parker.

Early Life 

In Philadelphia, Pennsylvania, Troy Carter was birthed on the 14th of November 1972. His parents got divorced when he was two years old and his father remarried after that.

After some family strife, Carter’s father tragically shot his new wife’s brother when Carter was seven years old. His punishment was a 12-year prison term as a result. Carter’s father stayed with his wife after being freed, and he started over.

Educational Background

Troy attended Sayre Middle School and Huey Elementary School for his education. After that, he went to West Philadelphia High School but left when he was 17 to pursue a career in music.

Early Career Life

Troy Carter joined Will Smith and James Lassiter’s record company WilJam Records with his rap trio 2 Too Many after quitting high school. The trio only lasted for approximately a year before Carter left to work in the studio for DJ Jazzy Jeff.

He assisted Lassiter personally as well. Carter started producing rap performances in Philadelphia when he was 23 years old. He initially met rapper and record producer Sean Combs while working on this project, and Combs later employed him as an intern at Bad Boy Records. For a year and a half, Carter served as an intern.

He later migrated to Los Angeles to reunite with Lassiter, but after doing so, he was sacked and sent back to Philadelphia. Carter struggled to succeed there.

Professional Achievements

Carter’s big break came in 1999 when he met Eve, a budding rapper, who asked him to manage her. He started managing other rap performers like Floetry and Nelly after bringing her under his wing.

By establishing Erving Wonder, a talent management firm, with Julius Erving’s son Jay, Carter expanded his line of business. Later, in 2003, Carter went back to Los Angeles and assisted Eve in getting her own self-titled television sitcom on UPN.

Declining Earnings

The UK-based record label Sanctuary purchased Carter and Erving’s talent management business in 2004. The agreement, however, gradually unraveled over the following two years, and to make matters worse, Carter was fired by his top client Eve.

Carter as a result lost everything he had made from the Sanctuary deal and himself deeply in debt. He was about to be kicked out of his house after having his car repossessed and his mortgage foreclosed.

Talent Management Return

Record producer Vincent Herbert introduced Carter to Lady Gaga, a singer-songwriter who had just been dropped by Def Jam Records, just as Carter seemed to have reached his lowest point. In 2007, Troy, Herbert, and Gaga performed at numerous clubs all throughout California.

Troy established Coalition Media Group the same year. A few years later, he established Atom Factory, a talent management company that offers full-service film and television production.

Troy received an Emmy nomination in 2011 for executive producing the HBO concert special “Lady Gaga Presents the Monster Ball Tour: At Madison Square Garden.”

He has since had significant success working as a manager for musicians including John Legend, Meghan Trainor, Lindsey Stirling, and Pia Mia. But in 2014, Carter’s administration of Gaga came to an end.

Additional Initiatives and Publications

The Silicon Valley startup Backplane was co-founded by Carter in 2011 in addition to his other endeavors. The business helps connect famous people with their fans on social media.

A Henry Crown Fellow at the Aspen Institute, Carter received this honor in 2012. He previously held the position of global head of creative services at Spotify, a provider of music streaming and media services. He currently sits on the board of advisors of the semantic web platform State.

In 2018, Carter took on an advisory role after leaving the latter position. He then joined forces with Suzy Ryoo to start the services, distribution, and technology business Q&A. StreamRate and Venice For Labels are two of the company’s digital applications, and Carter is its CEO.

Carter made a guest Shark appearance in the seventh season of the ABC business reality television program “Shark Tank” in 2015. Chris Sacca and Ashton Kutcher were additional visitors that season.

Private Life

Troy Carter has five kids with his wife Rebecca, a finance professional. Los Angeles is home to the family.

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