Seymour Stein Net Worth: How Rich Was Seymour Stein?

American record executive, Seymour Stein reportedly had an estimated net worth of around $5 million at the time of death. Considering that he entered the entertainment industry when he was just a teenager, it is understandable that he was able to make a great amount of wealth before he passed on.

He was just 13 years old when he entered the music scene as a review writer for Billboard magazine. He worked at Cincinnati-based King Records in 1961. He also went to New York to work for Red Bird Records until 1966. In his mid-20s, he founded his own company, Sire Productions which soon became Sire Records, with producer-songwriter, Richard Gottehrer in Manhattan.

Stein was known for his most lucrative discovery happened in the early 1980s when he heard the demo tape of Madonna, who was then a less popular singer-dancer from a downtown New York club.

“I like Madonna’s voice, I like the feel, and I like the name, Madonna. I liked it all and played it again. She was all dolled up in cheap punky gear, the kind of club kid who looked absurdly out of place in a cardiac ward. She wasn’t even interested in hearing me explain how much I liked her demo. ‘The thing to do now.’ she said. is sign me to a record label,” he wrote in his memoir dubbed Siren Song which was published in 2018.