Jimmy Iovine has had a hand in many famous music careers, including those of Dr. Dre and Eminem. He co-founded Interscope Records and went on to invest in a multitude of business opportunities, growing his fame and fortune even more. Iovine is an investor in FaZe Clan and has given the group the capital they needed to burst into the esports world headfirst.
In April 2020, FaZe Clan solicited funding from a variety of investors. Iovine led the pack, helping the group raise approximately $40 million in funds. Faze Clan CEO Lee Trink explained that Iovine’s involvement with FaZe is about more than money. “We are more valuable because Jimmy brings more than money,” Trink explained. “Jimmy brings Jimmy to the table.” Iovine’s personality and industry contacts, as well as his experience building and selling companies like Beats by Dre, could be just what FaZe Clan needs.
FaZe Clan has many famous investors, including Pitbull, DJ Paul, and Chris O’Donnell, as well as NBA players Josh Hart and Jamal Murray.