Lucian Grainge Net Worth

As chairman and CEO of Universal Music Group in 2023, Grainge has a net worth of $50 million.

Lucian Grainge Salary

As chairman and CEO of Universal Music Group, Grainge receives an annual salary of $10 million.

Who is Lucian Grainge?

American record executive and businessman Lucian Grainge was born Sir Lucian Charles Grainge. He is well recognized for leading the Universal Music Group as chairman and CEO since May 9, 2011. He has collaborated with a variety of musicians throughout the years, including Taylor Swift, Sam Smith, 6ix9ine, Justin Bieber, Rihanna, Shawn Mendes, and Lady Gaga.

Lucian Grainge House

In Pacific Palisades, Lucian is the owner of a $13 million property. In November 2012, Grainge and his wife Caroline purchased the home.

Lucian Grainge Age

Grainge was born in North London on February 29, 1960. Grainge is 62 years old as of 2023.

Lucian Grainge Height

Grainge is typically five feet six inches tall. Grainge is a typical tall, attractive man.

Lucian Grainge Family

Lucian was born to his mother Jeanette and father Cecil Grainge in North London. His father owned record shops and other retail establishments, making his family a middle-class family. The late Nigel Grainge, who founded Ensign Records in 1976, is his elder brother. At the age of 70, he passed away on June 11th.

Lucian Grainge Wife

In 2002, Grainge wed his bride Caroline. They have two daughters together Alice and Betsy. His first marriage he got a son as well.

Lucian Grainge Son

Lucian’s son is called Elliot Grainge. He is the owner of the well-known 10K Projects label, which created the albums of the rapper Tekashi 6ix9ine.

Lucian Grainge Ex-Wife

In January 1993, Samantha Berg and Grainge were married. Samantha was a renowned lawyer. In 2007, she passed away in England from problems she had while giving birth to their son Elliot. She lost consciousness and never woke up.

Lucian Grainge Universal Group Career

When he was 18 years old, Grainge started working as a runner for the MPC, a talent scout organization. After being given the job by Maurice Oberstein, he then joined April Music’s A&R division. In 1982, he was appointed director of RCA Music Publishing.

Lucian assumed the position of chairman of Universal Music Group International in 2005 and held it until 2010. In January 2011, he was appointed CEO of Universal Music Group, and in March, he succeeded Doug Morris as chair.

As the CEO of UMG, Lucian worked to enhance the company’s global digital reach by forming distribution agreements with internet giants including Apple, Tencent, Facebook, YouTube, and Spotify.

Since Lucian took over as CEO, the company’s net worth has increased, reaching $22 billion in 2017. The corporation is valued at $50 billion as of 2019.