Pasquale Rotella is music festival producer who has a net worth of $50 million dollars. Pasquale Rotella is the CEO of Insomniac Events, one of the most successful electronic music promotion and event companies in the world.
Through Insomniac, Pasquale is the creator and operator of the hugely popular Electric Daisy Carnival, which began as a one-day electronica event held in Southern California and has since expanded. The Carnival now lasts from June to August, and holds massive concerts in New Jersey, Nevada, Texas, Florida, and Puerto Rico. The events attract upwards of a quarter of a million people, and now last for multiple days.
Some of the DJs/performers that have appeared as part of Electric Daisy include Avici, David Guetta, Tiesto, Afrojack, and Diplo.
Controversy
Mr. Rotella was recently accused of malfeasance, in connection with alleged bribery and embezzlement of nearly $2.5 million dollars. The bribes were allegedly given to Los Angeles officials in order to secure their agreement to allow illegal activities to occur at various Insomniac Events-sponsored concerts.
Real Estate
In 2013 Pasquale and Holly purchased a 2.7-acre property in Las Vegas for $3.475 million.
In 2014 Pasquale and Holly paid $7.1 million for a home in Los Angeles’ Hancock Park neighborhood. They sold this home two years later for a $1.2 million profit.
In 2018 Pasquale paid $8.7 million for a mansion in Los Angeles’ Hancock Park neighborhood. He listed the home for sale in 2020 for $12 million. He accepted $10.3 million in December 2021. Here’s a video tour of the home from when it was listed in 2020:
