The passing of Clarence Avant, widely recognized as the Godfather of Black music, has caused widespread sadness in the entertainment business.
As news of his death spreads, many internet users have begun wondering what he was worth and how he amassed his fortune throughout his long career.
Check out how much money Clarence Avant has made down below.
Clarence Avant Net Worth
The well-known music boss was worth $50 million, according to estimates.
According to Sports Keeda, the bulk of Avant’s wealth came from his career as a musician. He started in the music industry as Teddy P’s Lounge’s manager and has since assisted such artists as Tommy Wilson.
In the late ’60s, he started working for the legendary record company Venture Records. He was the first African-American musician to be signed by a major record label.
The CEO eventually left and started his Sussex Records, Inc record label.
Initially, things were difficult because he racked up an unbelievable $480,000 in debt after investing in a radio station. The IRS eventually sold off some of his possessions at auction to cover the debt.
He produced some of the most well-known tracks by well-known performers like Terry Lewis after he started a second record label called Tabu Records.
In the 1970s, he started a new corporation named Avant Garde Broadcasting, but he was $600,000 in the red then.
Because of his remarkable success and comeback, Avant is widely regarded as the pioneer of Black music.
Clarence Avant, Legendary Music Mogul, Dies at 92
The death of Clarence Avant sent shockwaves through the entertainment industry.
His family released a statement to the media confirming the awful news: “It is with a heavy heart that the Avant/Sarandos family announce the passing of Clarence Alexander Avant.”
NPR confirmed a separate source that the legendary music entrepreneur had died “gently at home in Los Angeles.” He was 92.
Since no one in his family has chosen to go public with the details of his de@th, we will never know what k!lled him.
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