Who says the music industry doesn't pay? Legendary music mogul and current ruler of Warner Music Group Lyor Cohen has made tons of cash off of the talents of some of hip hop's biggest names. He also cashed out when partner Russell Simmons sold Phat Farm some years ago and he also gets a phat check every time the Def Jam name and/or logo is used. He is easily worth north of $100 million dollars but is as modest in appearance as they come. However, behind the scenes Mr. Cohen lives the life of a king, after all he is one of the music industry's wealthiest people. After a tough day of contract negotiations, visits to recording sessions, video shoots and overseeing the day to day operations of the third biggest music group in the world, Lyor Cohen retreats to his $26 million Manhattan apartment, where he kicks it back with a glass of wine and a cigar no doubt. Take a look inside the house Def Jam built/paid for.
