Seymour Stein Net Worth – Yesterday, April 2, 2019, Seymour Stein – renowned entrepreneur and music executive – succumbed to cancer at the age of 80, according to a representative for his family.
Jerry Harrison, a renowned musician, shared a black-and-white photo of Stein on Facebook to honor his memory. Harrison described Stein as an “original” and “remarkable record man.”
Steve Stevens, another musician, took to Facebook to express his condolences and gratitude for Stein. By signing them to his label Sire Records, he praised Stein as one of the “US record guys who believed in punk and new wave artists” by signing them to his label Sire Records. Stevens further acknowledged Stein for helping raise band profiles during the 1980s, underscoring his significant role in music history.
Who was Seymour Stein?
Seymour Stein (April 18, 1942 – April 2, 2023) was a highly regarded American entrepreneur and music executive. He co-founded Sire Records and served as Warner Bros. Records’s vice president. He began at King Records before transitioning to Billboard in 1958. Later that same year, he co-founded Sire Records with fellow record producer Richard Gottehrer after previously working at Red Bird Records.
Sire Records was a pioneer in introducing new bands to the market, initially relying on London Records for the distribution of their early releases. Over time, other labels such as Polydor, Famous, and ABC Records took over their distribution duties.
Sire Records is best known for releasing compilation albums, and the hit single Couldn’t Get It Right by Climax Blues Band, which reached #3 on Billboard Hot 100 in 1977. By the 1970s, Sire Records had become a major force in the music industry; starting with Warner Bros. CDs and tapes in 1977.
Elektra Records began distributing their records in 1994, with Stein becoming president of the combined label. The Tragically Hip signed on as one of their artists two years later (1998). In July 2017, Rani Hancock succeeded Stein as president of Elektra Records.
Seymour Stein’s family members include his daughter Mandy Stein, a film director; three grandchildren and his sister Ann Wiederkehr. In July 2018, Seymour Stein announced his departure from Sire Records, ushering in an era in the music industry that will remain remembered fondly.
What was Seymour Stein’s Net Worth at Death Time?
Seymour Stein, an American businessman and record executive born in New York City in 1942 and passing away at 80 years of age, was best known for helping launch the careers of Madonna, Talking Heads, and The Ramones.
At the age of 13, Stein launched his music industry career by writing reviews for Billboard magazine. He joined King Records two years later and collaborated with renowned R&B and country artists like James Brown. Later that same year, Stein co-founded Sire Records in Manhattan with producer/songwriter Richard Gottehrer.
In an interview with The Times, Stein expressed regret for not being a better father to his children, lamenting that he was “the world’s most absent father.” Nonetheless, music had always been at the forefront of his life.
Stein’s net worth is estimated to be around $3 million. Despite his passing, his contributions to music and influence over countless musicians will endure for years to come.