10) L.A. Reid (Net Worth: $300 Million)

L.A. Reid is a record producer, musician, record executive and song writer. He has been one of the biggest names in the music business for decades. Reid has also served as a judge on the singing competition The X Factor. He is the chairman and CEO of Epic Records, a division of Sony Music Entertainment. He is also the president and CEO of Atlanta-based Hitco Music Publishing.