Elliot Grainge, a 28-year-old Los Angeles native and proprietor of a record company,
In addition to signing Damien Styles, Lil Boom, Salem Ilese, Trippie Redd, and Turbo, he is also the founder and CEO of the indie record label 10K Projects.
According to Forbes, his label boasts 18 gold singles, 8 platinum songs, and 22 billion total streams.
His first two signings were Trippie Redd and Tekashi 6ix9ine, both of whom he no longer manages.
Following his 2021 graduation from Northeastern, Elliot was included on Forbes’ prestigious 30 Under 30 List.
Elliot Grainge Net Worth is Reported to Be Around $10 Million
While his father, Lucian Grainge, is the chairman and CEO of Universal Music Group, Elliot Grainge has found success as the head of the record company 10K Projects.
Exact Net Worth estimates that Elliot is worth roughly $10 million, much of which has come from his profession as a record executive.
In 2019, 10K Projects partnered with Internet Money Records to launch 10K Together, an initiative designed to provide financial support to organizations fighting for racial justice and to small businesses owned by people of color. 10K Projects purchased Homemade Projects in February 2022.
10K Projects has signed a number of well-known musicians at the moment. Artists like Trippie Redd, Iann Dior, Surfaces, Peach Tree Rascals, Salem Ilese, Ice Spice, Dro Kenji, 6ix9ine, WizTheMc, and many more are included on this list.
Elliott and Sofia Real Estate
Two months after making their relationship Instagram public in February 2021, Elliot and Sofia dropped $17 million on a Beverly Hills property on a street commonly known as “Music Row,” with neighbors including Sir Paul McCartney, Rihanna, and Madonna. Before moving in with their partner in August 2021, the couple made numerous individualized modifications to the house. However, their presence was brief.
The couple sold the house in a private transaction in June 2022 for $5 million, a handsome profit. The next month, in August 2022, they spent $26.9 million on a mansion in Los Angeles’s posh Brentwood Park neighborhood. It had been four months since Elliot had proposed to Sofia in a lovely Hawaiian setting in April, with the couple’s friends and family present to celebrate the occasion.
It has six bedrooms, nine bathrooms, a home cinema, an exercise center, a pool, expansive lawns, and formal rose gardens across its 10,779 square feet. When Sofia and Elliot move in together, it will be their first home as husband and wife.
How Does Elliot Grainge Monetize His Time?
He started the independent Los Angeles label 10K Projects, named after the saying “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 they’ve signed.
The company’s mission statement reads, “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.”
It adds, “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.”
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