Steve Stoute Net Worth is$55 Million
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Profession: Record producer
Country: United States of America
Steve Stoute, a great symbol of the American success story, has a very comfortable net worth of $55 Million. He is an author, entrepreneur, advertising executive and most notably, American record executive. For about 9 years, he served as an executive an many different large music labels, including Interscope Geffen A&M Records and Sony Music Entertainment. While at Interscope he helped produce such huge acts like U2, Eve, Limp Bizket as well as Eminem's debut album. He then took his immense knowledge of the music industry and took it to the advertising world. It is said that he was one of the pioneers of influencing the way that blue chip marketers and famous musicians connect with consumers. He founded the company Translation, which has married a lot of massive fortune 500 companies like McDonalds, State Farm and Hewlett-Packard and famous musicians like Beyonce and Justin Timberlake to name a few. Because of his immense success, in 2009 the American Advertising Federation inducted Steve Stoute into the Advertising Hall of Achievement, which cemented his position as a genius entrepreneur. If that wasn't enough, in 2005 he became the CEO of a complete line of body and hair care products called "Carol's Daughter." Because of his established connections, he was able to find many celebrity investors like Will and Jada Pinkett Smith, Jay-Z and Mary J. Blige. Chances are, he is still not even slowing down and lives a pretty damn good life. Good for him.
Steve Stoute is an author, entrepreneur, advertising executive and American record executive and artist manager.
From 1990 to 1999, Stoute was an executive at several leading labels in the music industry. At Interscope Geffen A&M Records, Stoute served as President of the Urban Music division and executive vice president, producing best-selling albums from U2, Eve and Limp Bizkit, as well as Eminem's debut album, "The Slim Shady LP." Stoute has also produced several major motion picture soundtracks. Prior to joining Interscope, Stoute was president of Urban Music for Sony Music Entertainment, where he played an instrumental role in launching the music careers of Mariah Carey, Will Smith and Nas. Stoute was also former manager to Nas and Mary J. Blige.[citation needed]
Stoute is the founder of Translation, a full service "transcultural advertising agency". In 2008, Stoute expanded Translation's footprint by partnering with Shawn Carter (aka Jay-Z) to co-found Translation Advertising, which specializes in the multicultural market. Translation believes that its ability to manage 'cultural' nuances allows consumers to know the difference between marketing communications intended to relate to them versus those that intend to 'sell to them.'
In 2009 the American Advertising Federation inducted Stoute into their Advertising Hall of Achievement, the industry's premier award for outstanding advertising professionals age 40 and under. In 2010, Steve was recognized as "Innovator of the Year" at the ADCOLOR awards ceremony, an initiative launched by the ADCOLOR Industry Coalition, to promote increased diversity in the advertising, marketing and media industries.
In 2005, Stoute became the Managing Director and CEO of Carol's Daughter, a line of hair and body care products made with natural ingredients. He formed a board of investors including Will and Jada Pinkett Smith, Jay-Z, Jimmy Iovine and Mary J. Blige. His leadership has enabled the company to grow and has b

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Steve Stoute Latest News

Inside Look At Steve Stoute’s “Stashed” Sneaker Boutique In San Francisco

Music executive and businessman, Steve Stoute, teamed up with veterans of the sneaker industry to open up a footwear and retail space in the heart of San Fransisco named “Stashed”. The boutique emphasizes cultural history and utilizes a museum-quality ...
Posted: December 9, 2017, 12:00 am

Hip-hop has long dominated culture — what took so long for it to dominate the Grammys?

There’s been countless flaps over the year over major snubs. The Recording Academy has been called out by the likes of Kanye West, Jay-Z, 50 Cent and hip-hop mogul Steve Stoute – who once spent $40,000 on a full-page ad in the New York Times to blast ...
Posted: November 27, 2017, 11:00 pm

Steve Stoute Opens a Sneaker Store in San Francisco

Today, famed music executive and businessman Steve Stoute and a team of industry veterans announced the opening of Stashed, an elevated footwear and apparel retail experience in San Francisco. The selling points of Stashed are an emphasis on cultural ...
Posted: December 7, 2017, 7:21 pm
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