Clarence Avant Net Worth: How Much Was He Worth?
What was Clarence Avant’s net worth before his death? How much was he worth? Longtime Hollywood insider Clarence Avant, known as “the Godfather of Black Music” for his work as a record executive, promoter, mentor, and dealmaker, has passed away at the age of 92.
Avant’s family confirmed that he passed away on Sunday at his Los Angeles home. Clarence Avant was the subject of the 2019 Netflix documentary The Black Godfather.
“Clarence leaves behind a loving family and a sea of friends and associates that have changed the world and will continue to change the world for generations to come,” the statement from his family said.
“The joy of his legacy eases the sorrow of our loss,” the statement added.
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Influence in The Entertainment Industry
People are asking about Clarence Avant’s net worth because he is believed to have made a lot of money, but to many, his influence in the entertainment industry is what they want to know, as there has been so much talk about him.
Avant had a powerful effect in Hollywood that went unnoticed, and his influence can be heard throughout 20th-century music. He was in charge of managing Lalo Schifrin, Freddie Hubbard, Jimmy Smith, Sarah Vaughan, and Bill Withers.
In addition to brokering the sale of Stax Records, starting Sussex Records, and taking over Motown Records in 1993, he also promoted Michael Jackson’s first solo world tour, Bad, in the 1980s.
He provided advice to a number of celebrities over the years, including Quincy Jones, David Geffen, Jay-Z, Sean “Diddy” Combs, Jim Brown, Pharrell Williams, Whitney Houston, Antonio “LA” Reid, Lionel Richie, Reginald Hudlin, Snoop Dogg, Queen Latifah, and Jamie Foxx.
He also served as an advisor to a number of top executives, sports figures, producers, and more.
For all of these, he may have made a lot of money from them; what was Clarence Avant’s net worth before his death? How much was he worth?
We will get to know it soon. His influence was so telling that some of the people to whom he provided advice also had a lot of good things to say about him.
“He’s always told me the damn truth in all aspects of my life,” Jones said at Avant’s Hollywood Walk of Fame ceremony in 2016. “He’s also been the silent architect of so many deals it would make your head spin. He gets things done but doesn’t beat his chest or look for credit.”
“He’s a teacher, he’s a master communicator, he’s the perfect marriage between street sense and common sense,” said Richie in 2021, when Avant received the Ahmet Ertegun award from the Rock & Roll Hall of Fame. “What he did for us, the sons and daughters of the Afro-American community, was bring us some understanding of what the music business was all about.”
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What Was Clarence Avant Net Worth?
How much was he worth before his death? As an American music executive and film producer, Clarence Avant’s net worth was estimated to be $50 million.
Clarence established Avant Garde Broadcasting in 1971. After acquiring $321,000 for a radio license from an abandoned station, Avant Garde established the first African-American-owned radio station in 1973.
Unfortunately, with debts of more than $600,000, Avant Garde filed for bankruptcy in 1975.
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