Calder is the co-founder of Zomba Music Group, the closely held record label that he sold for $2.7 billion in 2002. He was chief executive officer of the company, whose Jive record label featured acts such as Britney Spears, Backstreet Boys and NSync. The South African-born billionaire is based in the Cayman Islands.
Clive Calder's net worth of $5.63B can buy ...
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Calder's fortune is derived from his share of the sale of Zomba Music Group to German media company Bertelsmann for $2.7 billion in 2002. The value of his after-tax proceeds are based on an analysis of asset sales and purchases, taxes and market performance.
An outflow of $21 million is included in the calculation to account for the purchase of a calculated 20% stake in the record label from co-founder Ralph Simon in 1991.
The net value of investments including gaming company Cloud Imperium are included in his cash balance.
Clive Calder was born in Johannesburg in 1946. He set up his first record company in 1971 and moved to London in 1975 where he co-founded Zomba in 1976, according to "Appetite for Destruction," a 2009 book on the music industry. He moved to New York at the end of the decade.
After buying out his partner in 1991, Calder's record label Jive signed acts such as Backstreet Boys, NSync and Britney Spears. He sold Zomba to BMG for $2.7 billion in 2002.
The billionaire lives in the Cayman Islands.