Sofia Richie and Elliot Grainge tied the knot in a glamorous South France wedding in April 2023 and are expecting their first child. While Richie is a successful model and media personality with a large fortune, there is a lot of curiosity about her husband Elliot Grainge’s net worth and career.
Richie and Grainge have known each other since they were very young and made their relationship social media official in 2021. He went down on one knee, proposing marriage to Richie the following year.
While she is known for being the daughter of singer-songwriter and record producer Lionel Richie and the younger sister of socialite Nicole Richie, Grainge also hails from an affluent business family in the music industry and is the CEO of his independent record label 10K Projects.
All the details about Elliot Grainge, his career and how he spends his net worth
Elliot Grainge’s early life
Grainge was born on 6 November 1993 in the United Kingdom. His family has a deep-rooted link with the entertainment arena where Elliot Grainge’s father, Lucian Grainge is a prominent name. He has been the chairman and CEO of Universal Music Group since 2011, a pioneer in the music industry.
According to Town & Country, Elliot Grainge’s mother, Samantha Berg, suffered a medical condition while giving birth to him and was in a coma before passing away in 2007. The publication mentions Lucian Grainge later remarried Caroline Grainge.
The Universal Music Group has world-renowned stars like ABBA, Jay Z, Elton John, Katy Perry, Queen, Rihanna, The Rolling Stones, Sam Smith, U2 and Amy Winehouse in their portfolio.
Lucian Grainge has been working in the music sector for a long time and was associated with RCA Music Publishing and MCA Records before joining Universal Music in 1986 to launch PolyGram Music Publishing UK. He was knighted in 2016 by the late Queen Elizabeth II. Coming from such a noted and prominent family implies Elliot, too, might have a high net worth.
Elliot Grainge’s education and establishing 10K Projects
Town & Country states, in 2009, Elliot Grainge and his family shifted to the US for his father’s job and he enrolled at Northeastern University. He studied sociology and economics and moved to Los Angeles for his career.
In 2016, he made a foray into the music industry. Grainge founded his recording label 10K Projects. Its website states, “We’re a community of artists, music enthusiasts, and purveyors of culture bound by an unflinching conviction that commercial success need not come at the cost of artistic integrity.” Trippe Redd, Damien Styles, Coin, Ice Spice, Noah Guy and Iann Dior are some of the many artists who are signed by the record label.
Forbes mentions, 10K Projects has created 18 gold and eight platinum/multi-platinum singles that have accumulated a total of 22 billion streams.
As its founder and CEO, 10K Projects contribute immensely to Elliot Grange’s net worth and his growth in the music industry.
What is Elliot Grainge’s net worth?
Elliot’s father has created an enormous fortune as the top honcho of UMG and has an estimated net worth of USD 250 million, according to Celebrity Net Worth. Following in his footsteps in the music business, Elliot Grainge has also amassed great success and a huge net worth.
According to various reports, the figure stands at around USD 10 million. It is close to that of Sofia Richie’s fortune, which is around USD 8 million, according to Celebrity Net Worth. Her father Lionel Richie also has a stupendous net worth of around USD 200 million.
Elliot Grainge has appeared on a Forbes list
Yes, that’s another feather on Elliot Grainge’s hat. His successful career as an entrepreneur and influence on the music scene has earned him a place on the Forbes 30 Under 30 Music list in 2021.
Elliot Grainge has a charitable arm
According to Harper’s Bazaar, three years after founding the label, Grainge entered into a partnership with Taz Taylor and his Internet Money Records. In 2020, they launched 10K Together, the charitable wing of 10K Projects “dedicated to supporting social justice causes related to race, gender, sexuality, disability, economic status and more,” states the website.
Elliot Grainge and Sofia Richie’s wedding was a stunning event
Even before dating, Grainge and Richie knew each other, as their fathers had worked together on many occasions. In April 2022, he popped the question in a very romantic Hawaiian setting.
A year later, they got married in a gorgeous ceremony at Hotel du Cap-Eden-Roc in Antibes, France. Reminiscing about the time and how her father walked her down the aisle, Richie told Vogue, “I am so excited. [It’s] because I’m marrying Elliot, I know that sounds cheesy — but he is the man of my dreams.”
According to a New York Post report, the couple shed nearly 1.5 million to rent the entire hotel, which offers 40 rooms, 68 suites and three villas. Richie wore a heavily customised Chanel wedding dress, with intricate designs and patterns, worth USD 250,000 and even had a gift list of USD 116,000 for invitees, including Cameron Diaz and Paris Hilton. The Things reported that the floral arrangements cost a stupendous USD 175,000.
In January 2024, they shared their pregnancy news. Richie, who couldn’t contain excitement, revealed the gender of her child, who is a daughter, via a TikTok video.
Elliot Grainge and Sofia Richie own property together
When both husband and wife have a seven-figure net worth, it is natural for them to spend on expensive things and real estate comes as a common investment.
Shortly after making their relationship Instagram official, Elliot Grainge and Sofia Richie splurged USD 17 million for a gorgeous Beverly Hills mansion located in the famous Music Row in February 2021. Their neighbours included Paul McCartney, Rihanna and Madonna.
However, the couple did not stay there for a long time. Instead, they renovated it well before flipping it for a smooth USD 5 million profit in June 2022.
Months later, after Elliot proposed to Sofia, they were back to property hunting and lapped up a USD 26.9 million swanky mansion in Los Angeles’ posh Brentwood Park neighbourhood.
According to the New York Post, the property is spread across 10,700 sq ft (around 994 sq m) and has six bedrooms, 10 bathrooms, a chef’s kitchen, a library, a pool, a spa, sprawling gardens and a lavishly decorated living room.
Other lavish spending and interests
From exotic holidays to grand real estate, both Elliot Grainge and his wife don’t shy away from going all out and treat their fans with stunning photos on her Instagram. Interestingly, Grainge is also on Instagram but is barely active. However, he often appears in his wife’s posts.
Town & Country reports that the popular English pop group Take That performed at his bar mitzvah in 2006. He also has a keen interest in football and is obsessed with Eminem. As a big name in the music industry, he collaborates with star performers and attends high-end events like the 30th Annual Academy Awards Viewing Party that was hosted by the Elton John AIDS Foundation in 2022.
The couple enjoys travelling and often shares beautiful photos of their vacationing together or with A-listed friends.
(Hero and feature image credit: Sofia Richie Grainge/ @sofiarichiegrainge/ Instagram)
Frequently Asked Questions (FAQs)
-How did Elliot Grainge get rich?
Elliot Grainge, son of Lucian Grainge, the chairman and CEO of Universal Music Group, runs his own record label 10K Projects. It has signed several noted artists and contributes to his net worth.
-How is Sofia Richie so rich?
Sofia Richie is the daughter of singer and songwriter Lionel Richie and sister of socialite Nicole Richie. She is a successful model, social media influencer and designer, which adds to her net worth.
-Why is Elliot Grainge famous?
Although many people may think that Elliot Grainge is famous for his father’s position, he is a well-established entrepreneur himself. Instead of joining his father at UMG, Grainge opened his own record label 10K Projects which has signed several renowned artists.
-How did Sofia meet Elliot?
Sofia Richie and Elliot Grainge have known each other from a very young age, as their fathers have collaborated on several occasions.
