Wind-up Records

January 31, 2012 by staff 

Wind-up Records, Being the founder of a successful record label usually means earning good coin. Such was the case for Alan Meltzer, the former chairman and co-founder of Wind-Up Records. In addition to having an ear for music, he also had a taste for gambling and became a very successful high-stakes poker player.

When the 67-year-old died back on Halloween last year, he left behind a 10 million dollar estate. Meltzer formed the label with his wife Diana after purchasing indie label Grass Records. Together, they helped grow the company, signing such bands as Creed and Seether. Wind-Up is now the largest independently owned record label in the world.

Things didn’t work out with Meltzer and his wife. She left him and he retreated to two service workers for kindness and compassion. During the split, Meltzer routinely confided in chauffeur Jean Laborde and doorman Chamil Demiraj. After his death, Meltzer left a million bucks to Laborde and a cool $500,000 to Demiraj.

“I appreciate it,” Demiraj said recently in a New York Post article about the inheritance. “He was a generous guy. He was a really good friend of mine, and I was a good friend of his. It’s a surprise. Peace and rest to him. That’s all I can say.”

But what about ex Diana? Turns out, the split denied Diana at least a guaranteed 33 percent of the estate. She says she doesn’t care about the money.

“If he wants to give it to the bums, he can give it to the bums. He could f— a nun. I couldn’t give a s—. He can give his money to whoever he wants. We’re divorced. The man is dead,” the former Mrs. Meltzer said to the New York Post.

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