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Highlights

• Elliot Grainge's 10K Projects has achieved significant luck within the music business, freeing over 30 platinum-certified singles and emphasizing artist creativity.
• Grainge's strategic joint venture with Warner Music Group solidifies 10K Projects as a standalone label, integrating its roster and group into the wider WMG framework.
• In addition to his track ventures, Grainge has invested in various industries, including male equipment, digital advertising and marketing, venture capital, and sunglasses production.

Elliot Grainge's lavish wedding with Sofia Richie was once now not driven through her celebrity status. Grainge, a music govt hailing from a family of considerable wealth, boasts an impressive net worth.

Reports counsel that Grainge is valued between $10 to $18 million. His monetary trajectory shows no signs of deceleration, due to a diverse vary of investments frequently contributing to his increasing monetary portfolio.

8 How Does Elliot Grainge's 10K Projects Make Money?

Industry - Independent Record Label

In 2016, Elliot Grainge established 10K Projects primarily based in Los Angeles. The company's undertaking explicitly emphasizes the recognition and advocacy of distinctive visions from rising creatives.

Artists Under 10K Projects:

• Aitch
• Between Friends
• Ceo Trayle
• Coin
• Dro Kenji
• Iann Dior
• Ice Spice
• Internet Money
• Jeleel!
• Kenzo Balla
• Natalie Jane
• Noah Guy
• Rich Amiri
• Ricky Hil
• Rot Ken
• Sxmpra
• Salem Ilese
• Summrs
• Trippie Redd
• Westside Jhitt

According to Grainge, 10K Projects operates without external investors, and in just seven years, his label launched over 30 singles, each and every reaching platinum certification. Grainge's buddies characteristic 10K's success to his adept use of information, trust in the influence of social media influencers, an innate skill to identify hits ahead of the curve, and Grainge's emphasis on granting artists complete inventive keep watch over in their tune.

7 Elliot Grainge's Company Inked A Joint Business Venture With Warner Music Group

Industry - Entertainment And Record Label Company

In September 2023, Warner Music Group (WMG) and Elliot Grainge's 10K Projects officially announced a strategic joint venture in a press release. The collaboration positions 10K Projects as a standalone label inside the WMG ecosystem, integrating its star-studded roster and dynamic next-generation workforce into the broader WMG framework.

Grainge expressed his enthusiasm for the partnership all over the clicking free up by the use of Bloomberg:

"Joining Warner Music Group provides us with the backing, the collective expertise, and vision to empower our artists and our employees on the next phase of our journey..."

While the terms of the deal weren't disclosed, it was clarified that Ice Spice's long run recordings are not part of the agreement, and she will proceed to file for Capitol Music Group.

6 Elliot Grainge Invested In Male Accessory Business

Industry - Modern Grooming Company For Self-Expression

In 2021, Elliot Grainge's 10K Projects invested within the cutting edge Faculty World as a part of the corporate's scope initiative.

According to Forbes, through its project arm, Grainge's company supposed to allocate budget ranging from $100,000 to $1 million consistent with spherical, aiming to fortify 15–20 companies in its inaugural 12 months.

5 Elliot Grainge Invested In A Management And Marketing Company

Industry - Digital Marketing Company

Elliot Grainge's 10K Projects and Create Music Group invested in the management and advertising company, Homemade Projects. This partnership established a joint venture, Homemade Records, however the details of their transaction were not disclosed.

Clients of Homemade Projects via @homemadeprojx:

• Surfaces
• COIN
• Salem Ilese
• Jake Shane
• Larray
• Crime Junkie
• Ali Wong
• Emergency Intercom
• Lala Kent
• 100 gecs
• Young the Giant

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In 2022, 10K Projects acquired Homemade Projects, with Zach Friedman and Tony Talamo named as Co-Presidents. The specific terms of the transaction remain undisclosed. Friedman and Talamo take price of the label's day-to-day operations, overseeing A&R, marketing, exposure, and artistic sides, and direct reporting to Grainge.

4 Elliot Grainge's 10K Projects Invested In PlayWRK

Industry - Venture Capital Firm

In November 2021, Elliot Grainge teamed up with PlayWRK, below the banner of "10K Ventures powered by PlayWRK." Its initiative aims to support early-stage founders seamlessly integrated into the music ecosystem.

With plans to inject initial capital starting from $100,000 to $one million into every supported corporate, 10K Ventures envisions a growing portfolio of companies at the intersection of tune and era.

3 Elliot Grainge Expanded His Investment In The Liquor Company, Ohza

Industry - Low Calorie, Less Sugar Beverage Company

Ohza in particular makes a speciality of glowing wine cocktails such as ready-to-drink mimosas, bellinis, and sangrias. In 2022, Ohza expanded its availability to 600 Target places and distinguished outlets like Whole Foods, BevMo, Total Wine, Wegmans, and Hannaford.

Ohza's Other Investors:

• Austin Rosen
• Branch Venture
• CircleUp Growth Partners
• Riverside No. 2 Ventures
• Ruttenberg Gordon Investments

This expansion was thanks to the $4 million funding and partnerships with major distributors, including Southern Glazers and Breakthru Beverage. The funding round used to be led by way of CircleUp Growth Partners, which includes Elliot Grainge's 10K Projects.

2 Elliot Grainge Invested In Wonder Works Studio

Industry - Video Games Developer In Metaverse

After finalizing his business handle PlayWRK, Elliot Grainge collaborated with PlayWRK to spend money on Wonder Works Studios. Wonder Works creates immersive stories throughout the $39 billion Roblox metaverse and pioneers custom interactive studies tailored for top-tier manufacturers and talent.

This strategic investment is predicted to open up avenues for 10K artists to curate distinctive fan reviews inside the Roblox surroundings. Grainge said the commendable understanding of the PlayWRK group in figuring out innovative industry ideas.

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According to Music Business Worldwide, Zachary Letter emphasized the growing significance of virtual experiences as a top class approach of enjoying more than a few kinds of leisure. Letter also expressed gratitude for the give a boost to and steerage equipped by way of 10K Ventures and PlayWRK.

1 Elliot Grainge Invested In Futuremood

Industry - Sunglasses Manufacturer And Retailer

Futuremood is on a venture to establish itself as essentially the most innovative sun shades corporate globally which uses Halochrome lenses that are proven to elevate your mood.

6 Investors of Futuremood by means of CrunchBase:

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According to CrunchBase, Elliot Grainge invested an undisclosed amount in Futuremood all the way through its first funding round in July 2022. Austin Soldner, co-founder and CEO of Futuremood, emphasized that once deciding on collaborators, they seek individuals who embody the spirit of the long run.

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