Tom Scholz Net Worth: $100 Million


Tom Scholz

Category: Richest Celebrities › Rock Stars
Net Worth: $100 Million
Date of Birth: Mar 10, 1947 (76 years old)
Place of Birth: Toledo
Gender: Male
Profession: Guitarist, Organist, Songwriter, Record producer, Engineer, Musician, Philanthropist, Inventor
Nationality: United States of America

What is the net worth of Tom Scholz?

Tom Scholz


The band Boston is the most well-known creation of Tom Scholz. Scholz has been the guitarist, songwriter, producer, and keyboardist for Boston since the band’s formation in 1976. 1976 saw the release of the band’s self-titled debut studio album. “Don’t Look Back,” Boston’s second album, was released in 1978. It peaked at number one in the US and Canada, where it was certified seven times platinum. Third Stage, Boston’s third album, went to number one in both Canada and the US and was certified four times platinum there. The albums “Walk On” (1994), “Corporate America” (2002), and “Life, Love & Hope” (2013) were also released by them. “More Than a Feeling”, “Foreplay/Long Time”, “Peace of Mind”, “Don’t Look Back”, “A Man I’ll Never Been”, “Feelin’ Satisfied”, “Amanda”, “We’re Ready”, “Cool the Engines”, “Can’tcha Say (You Believe in Me)”, and “I Need Your Love” are some of Boston’s most well-known hits.

Being an engineer as well, Scholz established his own R&D firm to produce his innovations in music technology following Boston’s success.

Early Life and Education

Tom Scholz was reared in an Ottawa Hills suburb after being born as Donald Thomas Scholz on March 10, 1947 in Toledo, Ohio. His father started his own design firm after becoming a luxury home builder. Scholz had a flair for creating things and studied classical piano as a child. Playing varsity basketball at Ottawa Hills High School was his experience. Scholz entered MIT after graduating in 1965, where he studied mechanical engineering and obtained both a bachelor’s and master’s degree. He continued on to start his career with Polaroid as a senior product design engineer.


Tom Scholz

Scholz began penning songs while enrolled in MIT’s graduate program. He got to know Jim Masdea and Barry Goudreau, his bandmates, at this period. Following graduation, Scholz set up a recording studio in his basement and recorded many demos, all of which were turned down by record labels. With his final batch of demos, which contained the classics “More Than a Feeling” and “Peace of Mind,” he eventually caught the attention of Epic Records. The label signed Scholz and singer Brad Delp, and after Masdea left, added Goudreau, Fran Sheehan, and Sib Hashian to complete the original Boston band. August 1976 saw the release of the band’s self-titled debut album. With the help of the hits “More Than a Feeling,” “Peace of Mind,” and “Foreplay/Long Time,” the album went on to become the best-selling debut record in the US to that point. Boston’s second studio album, “Don’t Look Back,” was delayed until 1978 because of the band’s disagreements with Epic Records and Scholz’s perfectionism. That was, nevertheless, a huge hit, peaking at the top of the US and Canadian album charts.

Scholz and Boston signed with MCA Records after leaving Epic Records over a protracted legal dispute. In 1986, the band released “Third Stage,” their third studio album, which included the number-one song “Amanda.” Boston’s fourth studio album, “Walk On,” which was the band’s first to include vocalist Fran Cosmo, was released in the middle of 1994 after a lengthy hiatus. It peaked at number seven on the Billboard 200. “Corporate America,” Boston’s second studio album released in 2002, included band members and songwriters Anton Cosmo and Kimberley Dahme. Furthermore, it was the final Boston album that Delp contributed to before he committed suicide in 2007. Boston’s sixth studio album, “Life, Love & Hope,” which was released in late 2013 by Frontiers Records, included his posthumously recorded vocals. A global tour ensued the subsequent year. Boston set out on yet another global tour in 2015, this time with Scholz, Gary Pihl, Tommy DeCarlo, Tracy Ferrie, and recently added Beth Cohen. The 2016 and 2017 tours had the same lineup. Scholz stated in the latter part of the year that he was writing new songs for Boston’s seventh studio album.

Scholz Research & Development

In order to design and produce his numerous ideas, Scholz established Scholz Research & Development in 1980, specializing in music technology. The Power Soak attenuator, intended to be installed in-line between a guitar amplifier and a guitar speaker, was the company’s first significant product. The Rockman brand was later launched in 1982 when SR&D produced the Rockman headphone electric guitar amplifier. Over the ensuing years, the business would expand the range of signal processing equipment it offered, adding the Rockmodules—professional-grade rack-mount guitar effects—to its lineup. In 1994, as digital effects became more widespread, SR&D went out of business since the Rockman range was designed utilizing analog circuit designs.


Scholz established the DTS Charitable Foundation in 1987. Its many objectives include promoting children’s rights, fighting world hunger, protecting animals, and building food banks and homeless shelters.

Personal Life

In 1971, Scholz wed Cynthia Hartford for the first time. Their son, Jeremy, was born prior to their divorce. Later, in the beginning of 2007, Scholz wed Kim Hart; the couple now lives in the Boston, Massachusetts, area.

Quick Summary

Tom Scholz, the American musician, engineer, and inventor, possesses a $100 million fortune. Born in Toledo, Ohio, in 1947, Scholz is renowned for founding the band Boston in 1976, contributing as guitarist, songwriter, producer, and keyboardist. The band’s self-titled debut album in 1976 became the best-selling debut record in the US. Scholz, an engineer, established Scholz Research & Development in 1980 for music technology innovations. The band’s success continued with albums like “Don’t Look Back” and “Third Stage.” Scholz also delved into philanthropy, creating the DTS Charitable Foundation in 1987. His personal life includes marriages to Cynthia Hartford and Kim Hart. Currently residing in Boston, Massachusetts, Scholz hinted at new songs for Boston’s potential seventh studio album in 2017.

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