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Inside Elliot Grainge’s Impressive Net Worth and Family Fortune

Lionel Richie’s daughter Sofia just got engaged to boyfriend Elliot Grainge.

The 23-year-old model, who was dating Kourtney Kardashian’s ex Scott Disick, broke the news on Instagram.

She shared two photos of the dream sunset proposal and wrote in the caption, “Forever ain’t long enough.”

Record label owner Elliot knelt in a beautiful spot surrounded by candles and flower petals.

Now fans are keen to find out more about the 28-year-old. Who is Elliot Graingé? And what is his net worth? Keep reading to find out…

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Who is Elliot Graingé?

Elliot Grainge is a 28-year-old Los Angeles-based record label owner

He is the founder and CEO of 10K Projects, an independent record label that currently signs Damien Styles, Lil Boom, Salem Ilese, Trippie Redd and Turbo.

As reported by Forbes, his label had 18 gold singles and eight platinum/multi-platinum singles which had a total of 22 billion streams.

The first two artists he signed were Trippie Redd and rapper Tekashi 6ix9ine, with whom he is no longer affiliated.

Elliot graduated from Northeastern University and was on the famous Forbes 30 under 30 list in 2021.

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Inside his net worth

Exact Net Worth estimates the record label founder’s net worth at around $10 million.

This wealth was accumulated through his label, 10K Projects, which he founded alone.

According to Celebrity Net Worth, his fiancée Sofia Richie’s net worth is $8 million.

As well as being the daughter of singer Lionel Richie and a model since she was 14, she is also now an Instagram influencer, with over 7.2 million followers.

The 23-year-old has modeled for major fashion brands such as Chanel, Yeezy and Dolce & Gabbana and released her own collection with Missguided in 2019.

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He comes from a wealthy family

Elliot is incredibly successful on his own, but he’s also the son of Universal Music Group Chairman and CEO Lucian Grainge, who has a staggering estimated net worth of over $50 million as of 2022.

The 62-year-old from north London was named by Billboard magazine as the most powerful person in the music industry four times during the 2010s.

He has worked in the music business all his life, including as manager of RCA Music Publishing and A&R manager for MCA Records before joining Universal Music in 1986 to start PolyGram Music Publishing UK.

Lucian became chairman of the UK division of Universal Music Group before becoming international chairman in 2005, then CEO and chairman of Universal Music Group in 2011.

Photo by Rodin Eckenroth/WireImage

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