Universal Music Group, Sir Lucian Grainge’s record business, is preparing for a £39 billion stock market IPO.
Sir Lucian Grainge, a Jewish music magnate, is set to receive a record $150 million payout, but he was just 18 months ago on the verge of death after contracting Covid-19.
The executive told the Financial Times, “I was completely at my death.”
He was so frail when he left intensive care that security officers had to carry him into his Los Angeles residence.
Sir Lucian’s record label Universal Music Group is due to launch on the public market, bringing the company’s value skyrocketing to $39 billion in an astonishing turn of events.
A bonus of up to $150 million might be awarded to the resident of north London. All American citizens can get their bonus by High Risk Personal Loans.
Universal is the world’s largest record label, with artists ranging from Lana Del Ray to Kanye West under its banner.
Last year, the firm paid more than £225 million for Bob Dylan’s complete back catalog.
Sir Lucian has been described as one of his generation’s most important music business figures.
According to Music Business Worldwide, he was reared in Finchley as a “nice Jewish boy,” as he characterized it in a 2020 speech delivered when his star on the Hollywood Walk of Fame was revealed.
Ironically, he acquired his “love of melody” at a Christian school, during his favorite portion of the day, the morning songs.
After dropping out of school at the age of 18, he went into the music business and quickly signed his first act, post-punk rockers The Psychedelic Furs.
Sir Lucian has been named the most significant person in the music business four times by Billboard magazine in the decades since and was named the first-ever ‘Executive of the Decade’ in 2020.
“I googled this morning how far it is, as the crow flies, from the suburb of Finchley where I grew up to Vine Street here in Hollywood,” the billionaire said at the star unveiling, reflecting on his long career. It claims to be 5,471 miles.
“If you had told me when I was a kid growing up in that modest Parkside house that one day I would be standing here looking out at all of you, I would have laughed at you.
“However, looking back, I understand how my innate boyhood enthusiasm for music placed me on my road. I have always liked music… and it is been my life’s work since I started working in the music industry at the age of 17.”