Clarence Avant Net Worth 2021
Clarence Avant is widely known as The Black Godfather in American business and entertainment circles. As one of his roles has been to help launch many artist careers over time and advocate for artist ownership rights.
Through his professional endeavors, he has amassed considerable wealth. This net worth comes from an assortment of factors such as his investments in various real estate properties, companies he has started or mentored and film production work he has completed.
Avant began his career in the early 1960s as a nightclub manager where he collaborated with musicians such as Sarah Vaughan, Pat Thomas, Lalo Schifrin and Jimmy Smith. Later he opened Sussex Records which was one of the most successful African American-owned labels at that time; eventually purchasing and creating Avant-Garde Broadcasting Radio Station as well.
Not only has he excelled as an entertainment industry professional, he has also made significant philanthropic contributions. He has supported various organizations and charities – such as the Black Panther Party, NAACP and Congressional Black Caucus – while remaining an avid backer of civil rights movements worldwide.
Avant, who boasts many accomplishments and extensive knowledge of the music industry, remains humble throughout his life. He credits his success to hard work and perseverance and feels that giving back is important to fostering his career development.
“The Black Godfather,” a Netflix documentary featuring Avant’s life and achievements in music industry was recently released. Avant is survived by his wife Jacqueline Alberta Gray and children Nicole Avant (former United States Ambassador to Bahamas) and Alexander Du Bois Avant.
Although his exact income details remain unclear, it is estimated that he is worth approximately $50 million. The main source of his wealth are multiple real estate properties valued in millions that he owns. Over the years, he has earned considerable money through various musical projects that he has undertaken and also from starting various companies and ventures within the music industry – all of which have proven very lucrative for him personally. His contributions to the industry were truly immense, and his fans have taken to social media in tribute. He served as an inspiring role model for young musicians throughout his life – even posthumously – inspiring many talented entertainers. He will truly be missed.