Motown is an American record label that was founded by Berry Gordy Jr. in Detroit, Michigan in 1959. Its name is a portmanteau of "motor" and "town," which is a nickname for Detroit. Motown played an important role in the racial integration of popular music as an African American-owned label that achieved crossover success. The Motown sound was a style of soul music with a mainstream pop appeal that used tambourines to accent the backbeat, prominent bass lines, and hand clapping. Some of the most well-known artists produced by Motown include The Temptations, Diana Ross and the Supremes, The Jackson 5, Stevie Wonder, and Marvin Gaye. Motown was the most successful soul music label, with a net worth of $61 million. Although Motown spent much of the 2000s headquartered in New York City, it relocated back to Los Angeles in 2014 to operate under the Capitol Music Group. Today, Motowns legacy is still apparent, and its music is played at every wedding, shop, and restaurant.