Elliot Grainge, a British record executive, was born on November 6, 1993. He is the founder and CEO of the indie musical label 10K Projects. Hip-hop and rap artists on his label include Trippie Redd, Tekashi 6ix9ine, and Iann Dior. Lucian Grainge, an executive at Universal Music Group, is the father of Grainge. He is wed to model and social media influencer Sofia Richie.
Elliot Grainge Net Worth 2023: How Much Money Does He Have?
Several sources estimate the founder of the record firm to be worth $10 million. his model bride Sofia is worth almost as much as her $8 million inheritance.
How Does Elliot Grainge Make Money?
In Los Angeles, he established the indie record label 10K Projects, which comes from the proverb “It takes roughly ten thousand hours of practice to achieve mastery in a field.” Aitch, Between Friends, Damien Styles, Taz Taylor, Lil Boom, Peach Tree Rascals, and WizTheMC are just a few of the musicians on their list.
The business’s mission statement is, “Our purpose is to recognize and champion the unique visions of the storytellers and creatives of tomorrow — as they see it, without compromise or regard for convention.”
The statement continues, “We exist to serve as a conduit for exceptional talent, fostering an environment in which norms are designed to be broken, limits are dauntlessly tested, and the very notion of what it means to be a record label is constantly challenged.”
Do Elliot and Sofia Own Property?
Elliot and Sofia spent $17 million to buy a Beverly Hills property on the famed “Music Row,” where neighbors included Sir Paul McCartney, Rihanna, and Madonna, two months after the pair became Instagram official in February 2021.
Before moving in August 2021, the couple extensively customized the house. However, they didn’t last long. The house was sold off-market in June 2022, and the couple made a handsome $5 million profit on the flip.
They made a U-turn the next month and paid $26.9 million in July 2022 for a mansion in L.A.’s wealthy Brentwood Park. It happened four months after Elliot asked Sofia to marry him in a charming Hawaiian setting in April, when close friends and family joined them.
The 10,779-square-foot house has six bedrooms, nine bathrooms, a home theater, a gym, a pool, expansive lawns, and formal rose gardens. It also has a collection. It will be Sofia and Elliot’s first home together after getting married.
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How Did Elliot Grainge Start His Profession?
In 2016, Grainge founded the indie record label 10K Projects in Los Angeles. His record company has signed artists like Surfaces, a beach pop band, and the rappers Iann Dior, Trippie Redd, and Tekashi 6ix9ine. On SoundCloud, Grainge found some of the musicians for his label; he has referred to it as a “cheat sheet” for discovering new talent.
Caroline Records of the Universal Music Group distributes artists signed to Grainger’s 10K Projects. A joint venture agreement between music producer Taz Taylor’s creative collective Internet Money Records and Grainge’s 10K Projects was signed in October 2019.
In June 2020, it established 10K Together, a nonprofit arm of 10K Projects that donate to organizations working for racial justice and black-owned businesses. Grainge’s company purchased Homemade Projects in February 2022. His label’s musicians had earned 18 gold and 8 platinum/multi-platinum hits as of December 2019.