Clive Davis
is living proof that it's never too late for a new beginning -- the 80-year-old music mogul has just come out of the closet.

Rolling Stone reports that the legendary music producer and executive admits in his new autobigraphy, "The Soundtrack of My Life," that he is bisexual, having been involved with men for the last 28 years.

His first homosexual encounter was during "the era of Studio 54. On this night, after imbibing enough alcohol, I was open to responding to his sexual overtures," Davis writes, adding that being with a man felt like a "welcome relief."

He separated from his second wife in 1985 and carried on concurrent relationships with a man and two women before entering a monogamous relationship with an unnamed male doctor in 1990. Their coupling ended in 2004, though Davis says he has been in another homosexual relationship since.

The Brooklyn native is an icon in the music world, having discovered and worked with talent like Whitney Houston, Aretha Franklin, Janis Joplin, Bob Dylan, Barry Manilow, Alicia Keys, Aerosmith, Jennifer Hudson and Kelly Clarkson. In fact, an entire chapter of the memoir -- available now -- is devoted to his relationship with Whitney, including finding out about her death just hours before his annual Grammy party last year.

Click "Launch Gallery" above for more stars who are bisexual in Hollywood.

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