Mo Ostin’s net worth was approximately $30 million at the time of his death.
Mo Ostin was an American record executive who worked for several companies, including Verve, Reprise Records, Warner Bros. Records, and DreamWorks.
Ostin served as the chairman/CEO of Warner/Reprise from 1972 to 1994.
In 1995, he joined DreamWorks Records, the music arm of the entertainment company founded by record executive David Geffen, director Steven Spielberg and film producer Jeffrey Katzenberg. Alongside his son, a former Warner A&R executive, and former Warner A&R chief and president Lenny Waronker, Ostin signed artists such as Elliott Smith, Rufus Wainwright and Nelly Furtado.
In 2003, Ostin was inducted into the Rock and Roll Hall of Fame by Paul Simon, Neil Young and Lorne Michaels.
In 2006, he rejoined Warner Bros as a consultant, and received the Icon award from Grammy body the Recording Academy “in honour of his contribution to the landscape of modern music”.
A graduate of the University of California, Los Angeles, Ostin and his wife Evelyn played a critical role in establishing the university’s Evelyn and Mo Ostin Music Center. The Mo Ostin Basketball Center, a state-of-the-art training facility, was opened in October 2017.
Mo Ostin died on July 31, 2022, at age 95 in Los Angeles.