Michael Rapino is a $150 million net-worth Canadian-American business executive. Michael Rapino is the president and CEO of Live Nation Entertainment, an international entertainment corporation formed in 2010 by the merging of Live Nation and Ticketmaster Entertainment.

Under his leadership, the corporation bought House of Blues Entertainment and the Bonnaroo Music and Arts Festival, among many other music enterprises and festivals worldwide.

Michael Rapino received almost $70 million in total remuneration in 2017. Rapino and Live Nation have been widely chastised for suspected price fixing, hidden fees, safety violations, and other anti-competitive behavior.

Who is Michael Rapino?

Michael Rapino was born in Thunder Bay, Ontario, Canada, to a Catholic-Italian family and graduated from Lakehead University with a master of business administration degree in 1989. Rapino promoted bands at local taverns while at Lakehead and signed his first musician, Jeff Healey.

He has been married to actress Jolene Blalock since 2003. They met when Michael cast her in a beer commercial. Jolene proposed to Michael, and the couple now has three children.

Rapino began promoting musicians at local bars while attending Lakehead University as a sales agent for Labatt Breweries. He created monthly adverts for the student-run publication The Argus highlighting live music events in Thunder Bay. Rapino relocated to Toronto after graduating from Lakehead and continued working as a sales representative for Labatt Breweries. He worked for the corporation for eight years in various marketing and entertainment jobs.

How old is Michael Rapino?

He is currently 56 years old.

What is Michael Rapino’s net worth?

He is estimated to be worth $150 Million.

What is Michael Rapino’s career?

Rapino co-founded the Canadian music promotion company Core Audience Entertainment in the late 1990s. In 1999, the company was acquired by SFX Entertainment, and the following year, SFX was acquired by Clear Channel Communications. Rapino worked in several capacities at Clear Channel Entertainment, the company’s entertainment branch.

Clear Channel Communications broke off its entertainment operations and dubbed it Live Nation in 2005; Rapino was named CEO. Rapino was named CEO of Live Nation Entertainment after the company combined with the ticket sales and distribution company Ticketmaster Entertainment in 2010.

Live Nation has acquired a number of music enterprises and festivals under Rapino’s leadership, including House of Blues Entertainment, the Bonnaroo Music and Arts Festival, Blue Note Entertainment, and BottleRock Napa Valley. It has also acquired the Sweden Rock Festival, Australia’s Secret Sounds Group, Israel’s Bluestone Entertainment, and Finland’s Blockfest on an international scale.

Meanwhile, the corporation has huge touring and merchandise agreements with Madonna, U2, Jay-Z, Shakira, and Lady Gaga. Live Nation Productions, a film and television company formed by Live Nation in late 2015, produced Bradley Cooper’s 2018 film “A Star Is Born,” starring Gaga.

Since 2005, Michael has been the CEO of Live Nation. In 2017, he received a total salary of $70 million, the majority of which was in the form of a bonus. Michael also inked a 5-year contract in 2017 that guaranteed him a base income of $9 million each year.