Barry Hankerson Net Worth
Barry Hankerson is an American music executive, entrepreneur, and producer, who has been a prominent figure in the music industry for several decades. His net worth is $10 million. Hankerson is best known for his work with some of the biggest names in the music industry, including Aaliyah, R. Kelly, and Toni Braxton, among others.
Early Life and Education
Barry Hankerson was born on August 3, 1947, in Detroit, Michigan. He grew up in a family that was heavily involved in the music industry. His mother, Gladys Horton, was a member of the legendary Motown group, The Marvelettes, while his uncle, Robert Gordy, was the founder of the Motown subsidiary, Mo Jazz Records.
Hankerson attended Northwestern High School in Detroit, where he developed an interest in music production. After high school, he attended Wayne State University in Detroit, where he studied business administration. During his time at Wayne State, he started managing local bands and promoting concerts.
Career in Music
Hankerson started his music career as a promoter and manager for local Detroit bands. He eventually moved to Chicago, where he started working as a DJ and promoter for local clubs. In the early 1980s, he founded his own record label, Blackground Records, which would become his most successful venture.
Blackground Records quickly gained a reputation for discovering and nurturing young talent. In 1991, Hankerson signed R. Kelly, who would go on to become one of the most successful R&B artists of all time. Hankerson also signed Aaliyah, who became one of the biggest pop stars of the 1990s before her untimely death in 2001.
In addition to R. Kelly and Aaliyah, Blackground Records also signed Toni Braxton, who won multiple Grammy Awards under the label. Other successful artists signed to Blackground Records include Timbaland, Tank, and JoJo.
Net Worth
Barry Hankerson’s net worth is estimated to be around $10 million. Most of his wealth comes from his success as a music executive and producer, particularly his work with R. Kelly and Aaliyah.
Conclusion
Barry Hankerson is a music executive, entrepreneur, and producer whose impact on the music industry cannot be denied. he has remained a respected and influential figure in the industry. and his contributions to the music industry will be remembered for years to come.
