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John Summit went from working 9 a.m. to 9 p.m. in a $65,000 job to a multimillionaire DJ—‘I make more in one show than I would in my entire accounting career’

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It wasn’t too long ago that John Summit, 31, (born John Schuster) was commuting home from a grueling day of accounting work in Chicago and chugging cold brews to find the energy to make music. Working at a Big Four firm like Ernst & Young meant some days ended up being nine-to-nine instead of nine-to-five. 

At the time, it was numbers by day, music by night. His day job paid a $65,000 annual salary, but his real passion was making music. Whether in his college dorm or parents’ basement, music became a creative escape that would later become the launch pad for his emerging empire.  

After quitting Ernst & Young for its grueling 12 hour days, another accounting job promised better hours—so he pivoted. It only lasted a couple months before he was let go, after showing up to work with bloodshot eyes from a weekend DJ shift playing underground sets from 2 a.m. to 6 a.m. Turns out his co-workers were more focused on crunching numbers than spinning tracks.  

“But by then I was kind of asking for it because I kind of saw a path to being a full time DJ producer. It didn’t matter bc at that point, I already had record label releases,” Summit tells Fortune.

He had more free time to work on music, and his DJ career and his career began to flourish, thanks in part to an online fan base. Pandemic wide shutdowns further fueled a crowd that was eager for live events. 

“I was like, okay, thank God, now I can go full all in on this,” he recalled. 

So that’s what he did. Before the pandemic wide shutdowns, he was only making a few hundred dollars a gig. In 2020, Summit’s hit “Deep End,” took off on TikTok and launched his career. 

It would be an understatement to say days look a little bit different now. 

Swapping the monotonous cubicle for full-time party life, Summit is now a multi-millionaire DJ, producer and owner of his own music label “Experts Only.”

“I make more in one show than I probably would make in my entire accounting career now,” Summit said. 

John Summit on his first millions: ‘It felt like I was signing an NFL contract’

After signing a music publishing deal in the six-figure range, Summit saw more breathing room to fully pivot. After all, he wasn’t able to afford paying rent in his early days—so the advance gave him the chance to practice music more independently. His breakout year culminated in a full-circle moment at Lollapalooza 2022, where the hometown crowd confirmed what Summit already knew: he was in the perfect career.

The moment he describes “he really made it” was when he signed for millions with LIV as a part of the resort Fontainebleau Las Vegas, that took him into the seven figure range. The agreement was 20 shows a year in a three year deal. 

“So it’s like 60 shows. It felt like I was signing, like an NFL contract, you know, like three years X amount of millions,” Summit said. From there, the financial security allowed him to place bets on bigger shows. 

Summit describes growing his live audiences from hundreds to tens of thousands. 

“It changes every weekend,” he said. “I just played Austin City Limits, and that felt like the biggest show ever—around 80,000 people. Every week, I’m trying to top myself.”

“The first party we did was three years ago at Floyd here in Miami, to 200 people, and then we just did Experts Only for 50,000 people a couple weeks ago. So I guess that’s a good showcase of how it’s scaled over three years,” he said. 

The start of “Experts Only” and becoming an entrepreneur 

In between touring continents in 2022, the entrepreneur found time to start his own label “Experts Only.” 

When planning for sets up to 10 hours long, Summit began building a community of underground, unsigned artists, playing up to 15 of them at his shows. Having a niche for being a trend setter, he thought “why not use my platform for other artists?” 

“I feel like I’m very much a good taste maker nowadays,” he said. “Someone will send me a record, it goes off during my set, and I sign it. That gives them the marketing push from me playing it out and championing it—which, of course, makes other DJs start playing it too.”

He finds Experts Only rewarding because it allows him to focus on cultivating talent from others too. 

“When I just work on John Summit, it does feel like very me, me, me,” he said. 

“Experts Only” is still growing.  The company now has 10+ core employees (marketing, radio, management, etc.) and hundreds of event staff per festival. Summit says he thinks of the brand as a community, where his fans represent him like they would a favorite sports team. 

As promoters hit him up to bring Experts Only from Los Angeles to Japan, the final goal of his new empire is to throw parties without even playing at them. He drew the comparison to how Jeff Bezos operates at Amazon since stepping down as CEO. “It still operates without him. That’s the dream.”

“The hardest thing about it is I’m just one person,” he added. 

Despite ditching accounting–he’s still far out of the business world

Despite escaping the nine-to-five world and going full-on artist mode, the label owner hasn’t escaped business life. In fact, he still attends all his meetings and Zoom calls with his salaried staff that work in offices. Like other workers in the corporate world, he prefers work-life balance, putting off assignments at 5 p.m. and treating Sundays as his hibernation days.

“I don’t let anyone talk to me after, like, five o’clock, really, unless it’s just quick little things,” he said. “It’s kind of funny that I escaped the accounting world, but you can never escape the business world,” he said. 

“I take Sundays off, that’s my hangover day, but I think that’s kind of everyone’s day off across the globe, right?”

Summit used to do 250 shows a year (four to five shows a week), but now he’s changed his business model to two big shows a week. He’s also active on social media, working with the team on multiple posts a day. 

“When you’re signing a record to the label, you’re getting not just the community that we have, but this giant marketing arm as well,” he said. “I’m not the person that’s going to negotiate money or contract, I think you have to assign certain people to different tasks. I think I’m a good cop in most scenarios.”

John Schuster vs. John Summit 

Despite starting his own brand, Summit says he is a reserved introvert. He doesn’t like public speaking but still has the confidence to play in front of crowds of 50,000 people. 

“DJs are traditionally introverted nerds. That’s what we are—we’re on our computer. So to really channel that energy, it’s almost like I’ve had to create a split persona to force myself on stage.”

His album, Comfort in Chaos is a lens into his personal journey of bridging his public and private worlds. He says his personalities are categorized into two: John Summit and John Schuster. 

“John Schuster, is the at home introvert that makes music all day, every day, and then John Summit is my stage name, and it is like a persona and a mentality. You have to force yourself to be in front of people,” he said. 

To cope with the nerves, he tries to crank out a bunch of push-ups before getting on stage like playing at a big sports game. “It helps me not overthink everything,” he said. 

Summit didn’t know he’d be a DJ from a super young age, his nonlinear path is what made him into who he is today. His advice for coping with career imposter syndrome: fake it till you make it. 

Despite turning DJing into a lucrative lifestyle path—Summit said he’d still be “over the moon” to do it if he only made $65,000. 

“I could pretty much retire right now, if I wanted to, but now I just really just do it for the love of the game.” 



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Australia will start banning kids from social media this week

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Starting this Wednesday, many Australian teens will find it near impossible to access social media. That’s because, as of Dec. 10, social media platforms like TikTok and Instagram must bar those under the age of 16, or face significant fines. Australian Prime Minister Anthony Albanese called the pending ban “one of the biggest social and cultural changes our nation has faced” in a statement.

Much is riding on this ban—and not just in Australia. Other countries in the region are watching Canberra’s ban closely. Malaysia, for example, said that it also plans to bar under-16s from accessing social media platforms starting next year. 

Other countries are considering less drastic ways to control teenagers’ social media use. On Nov. 30, Singapore said it would ban the use of smartphones on secondary school campuses. 

Yet, governments in Australia and Malaysia argue a full social media ban is necessary to protect youth from online harms such as cyberbullying, sexual exploitation and financial scams.

Tech companies have had varied responses to the social media ban. 

Some, like Meta, have been compliant, starting to remove Australian under-16s from Instagram, Threads and Facebook from Dec. 4, a week before the national ban kicks in. The social media giant reaffirmed their commitment to adhere to Australian law, but called for app stores to instead be held accountable for age verification.

“The government should require app stores to verify age and obtain parental approval whenever teens under 16 download apps, eliminating the need for teens to verify their age multiple times across different apps,” a Meta spokesperson said.

Others, like YouTube, sought to be excluded from the ban, with parent company Google even threatening to sue the Australian federal government in July 2025—to no avail.

However, experts told Fortune that these bans may, in fact, be harmful, denying young people the place to develop their own identities and the space to learn healthy digital habits.

“A healthy part of the development process and grappling with the human condition is the process of finding oneself. Consuming cultural material, connecting with others, and finding your community and identity is part of that human experience,” says Andrew Yee, an assistant professor at the Nanyang Technological University (NTU)’s Wee Kim Wee School of Communication and Information.

Social media “allows young people to derive information, gain affirmation and build community,” says Sun Sun Lim, a professor in communications and technology at the Singapore Management University (SMU), who also calls bans “a very rough tool.”

Yee, from NTU, also points out that young people can turn to platforms like YouTube to learn about hobbies that may not be available in their local communities. 

Forcing kids to go “cold turkey” off social media could also make for a difficult transition to the digital world once they are of age, argues Chew Han Ei, a senior research fellow at the Lee Kuan Yew School of Public Policy in the National University of Singapore (NUS).

“The sensible way is to slowly scaffold [social media use], since it’s not that healthy social media usage can be cultivated immediately,” Chew says.

Enforcement

Australia plans to enforce its social media ban by imposing a fine of 49.5 million Australian dollars (US$32.9 million) on social media companies which fail to take steps to ban those under 16 from having accounts on their platforms.

Malaysia has yet to explain how it might enforce its own social media ban, but communications minister Fahmi Fadzil suggested that social media platforms could verify users through government-issued documents like passports. 

Though young people may soon figure out how to maintain their access to social media. “Youths are savvy, and I am sure they will find ways to circumvent these,” says Yee of NTU. He also adds that young may migrate to platforms that aren’t traditionally defined as social media, such as gaming sites like Roblox. Other social media platforms, like YouTube, also don’t require accounts, thus limiting the efficacy of these bans, he adds.

Forcing social media platforms to collect huge amounts of personal data and government-issued identity documents could also lead to data privacy issues. “It’s very intimate personally identifiable information that’s being collected to verify age—from passports to digital IDs,” Chew, from NUS, says. “Somewhere along the line, a breach will happen.”

Moving towards healthy social media use

Ironically, some experts argue that a ban may absolve social media platforms of responsibility towards their younger users. 

“Social media bans impose an unfair burden on parents to closely supervise their children’s media use,” says Lim of SMU. “As for the tech platform, they can reduce child safety safeguards that make their platforms safer, since now the assumption is that young people are banned from them, and should not have been venturing [onto them] and opening themselves up to risks.”

And rather than allow digital harms to proliferate, social media platforms should be held responsible for ensuring they “contribute to intentional and purposeful use”, argues Yee.

This could mean regulating companies’ use of user interface features like auto-play and infinite scroll, or ensuring algorithmic recommendations are not pushing harmful content to users.

“Platforms profit—lucratively, if I may add—from people’s use, so they have a responsibility to ensure that the product is safe and beneficial for its users,” Yee explains. 

Finally, conversations on safe social media use should center the voices of young people, Yee adds.

“I think we need to come to a consensus as to what a safe and rights-respecting online space is,” he says. “This must include young people’s voices, as policy design should be done in consultation with the people the policy is affecting.”



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Jimmy Kimmel signs ABC extension through 2027

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Kimmel’s previous, multiyear contract had been set to expire next May, so the extension will keep him on the air until at least May 2027.

Kimmel’s future looked questionable in September, when ABC suspended “Jimmy Kimmel Live!” for remarks made following the assassination of conservative activist Charlie Kirk. Following a public outcry, ABC lifted the suspension, and Kimmel returned to the air with much stronger ratings than he had before.

He continued his relentless joking at the president’s expense, leading Trump to urge the network to “get the bum off the air” in a social media post last month. The post followed Kimmel’s nearly 10-minute monologue on Trump and the Jeffrey Epstein files.

Kimmel was even on Trump’s mind Sunday as the president hosted the Kennedy Center Honors in Washington.

“I’ve watched some of the people that host,” Trump said. “I’ve watched some of the people that host. Jimmy Kimmel was horrible, and some of these people, if I can’t beat out Jimmy Kimmel in terms of talent, then I don’t think I should be president.”

Kimmel has hosted the Oscars four times, but he’s never hosted the Kennedy Center show.

Just last week, Kimmel was needling Trump on the president’s approval ratings. “There are gas stations on Yelp with higher approval ratings than Trump right now,” he said.

Kimmel will be staying longer than late-night colleague Stephen Colbert at CBS. The network announced this summer it was ending Colbert’s show next May for economic reasons, even though it is the top-rated network show in late-night television.

ABC has aired Kimmel’s late-night show since 2003, during a time of upheaval in the industry. Like much of broadcast television, late-night ratings are down. Viewers increasingly turn to watching monologues online the day after they appear.

Most of Kimmel’s recent renewals have been multiyear extensions. There was no immediate word on whose choice it was to extend his current contract by one year.

Bill Carter, author of “The Late Shift” and veteran chronicler of late-night TV, cautioned against reading too much into the length of the extension. Kimmel, at age 58, knows he’s getting close to the end of the line, Carter said, but when he leaves, he doesn’t want it to appear under pressure from Trump or anyone.

“He wants to make sure that it’s on his terms,” Carter said.

Kimmel has become one of the leading voices resisting Trump. “I think it’s important for him and for ABC that they are standing up for him,” Carter said.

Following Kirk’s killing, Kimmel was criticized for saying that “the MAGA gang” was “desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it.” The Nexstar and Sinclair television ownership groups said it would take Kimmel off the air, leading to ABC’s suspension.

When he returned to the air, Kimmel did not apologize for his remarks, but he said he did not intend to blame any specific group for Kirk’s assassination. He said “it was never my intention to make the light of the murder of a young man.”



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Trump says he’ll allow Nvidia to sell advanced chips to ‘approved customers’ in China

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President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China.

There have been concerns about allowing advanced computer chips to be sold to China as it could help the country better compete against the U.S. in building out AI capabilities, but there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.

The chip, known as the H200, is not Nvidia’s most advanced product. Those chips, called Blackwell and the upcoming Rubin, were not part of what Trump approved.

Trump said on social media that he had informed China’s leader Xi Jinping about his decision and “President Xi responded positively!”

“This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers,” Trump said in his post.

Nvidia said in a statement that it applauded Trump’s decision, saying the choice would support domestic manufacturing and that by allowing the Commerce Department to vet commercial customers it would “strike a thoughtful balance” on economic and national security priorities.

Trump said the Commerce Department was “finalizing the details” for other chipmakers such as AMD and Intel to sell their technologies abroad.

The approval of the licenses to sell Nvidia H200 chips reflects the increasing power and close relationship that the company’s founder and CEO, Jensen Huang, enjoys with the president. But there have been concerns that China will find ways to use the chips to develop its own AI products in ways that could pose national security risks for the U.S., a primary concern of the Biden administration that sought to limit exports.

Nvidia has a market cap of $4.5 trillion and Trump’s announcement appeared to drive the stock slightly higher in after hours trading.



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