In August 2007, it was revealed Molly had decided to quit drinking. This decision came after a number of drunken incidents and an argument with radio host and Australian Idol.
In 2007, Molly was the MC for the Countdown concert which involved many Australian and international 80's rock acts.
On October 9th, 2006, Molly donated a hat for the National Storage Celebrity Garage Sale which raised money for the charity, the Australian Children Foundation.
In 1992, Molly received The Special Achievement Award at the ARIAs for services to the music industry.
In 1986, Molly was awarded the Order of Australia for his services to music and charities.
In the late 1980's, Molly joined the series Hey Hey It's Saturday with his own segment called Molly's Melodrama. He had this segment for 12 years and travelled around the world gathering stories, and exclusives. One of the more memorable was a one-on-one with each member of The Rolling Stones.
Along with friend, Michael Gudinski, he formed his own record label named Melodian. They later collaborated on a new label called Luxor.
In 1985 Molly was crowned Melbourne's 'King of Moomba'.
Molly is best known as the creator of the music show Countdown. The show ran for 13 years and showcased the newest and up-and-coming local and overseas artists. The program became so widely known that Prince Charles appeared as a special guest. Molly was so flustered as to be interviewing him, it required a number of takes.
In the late 60s, Molly was invited by John Lennon to do an interview with himself and Yoko Ono. It was during this interview that Lennon announced that The Beatles would be splitting up.
In 1968, Molly moved to England and joined EMI Records, working in the famous Abbey Road studios.
Molly is well recognised for his 'exclusive' interviews. He interviewed Madonna in 1986 for MTV America and Michael Jackson in 1987 for 60 Minutes.
Molly has acted as music producer for acts such as, Russell Morris, John Paul Young, Ronnie Burns, Colleen Hewit, John Farnham, Zoot, Masters Apprentices and many more.
Molly worked as a journalist for Go Set magazine during the 1960s.
In 1968, Molly's first produced record Hush reached #1 in Australia.
Molly has been open about his homosexuality for many years. He lives with his partner Rui in Melbourne.
Molly is an amateur Egyptologist.
Molly was a judge on the Australian version of Popstars Live.
Molly is a former member of MENSA.
Molly is the manager and producer of singer Russell Morris.
In 2004, Molly appeared on Australia's Who Wants To Be A Millionaire with the proceeds going to charity. Molly won $500,000 and at that stage no contestant had ever reached that amount.
Molly is a journalist, writing columns for various magazines. He is also a record producer.
In September 2006, Molly's infamous interview with Prince Charles on Countdown was listed at #41 in TV Week's 'Top 50 most memorable moments on Australian television' list.
Molly: (revealing he believes he will have no problem giving up alcohol) I have no problem. This is easy. When I gave up cigarettes, I took Vegemite everywhere. I'd stick a finger in the jar and suck on Vegemite.
Molly: (on making the Top 50 most memorable moments on Australian television for his interview with Prince Charles) I had only arrived back from London the day before. Even though I'd memorised the long intro - because we had no autocue - the more I tried, the more I stuttered. When Prince Charles said to me, 'I believe you just got back from London.' I replied, 'Yes. As a matter of fact, I saw your mum on a carriage the other day'. He looked at me quite horrified and said, 'What? You mean Her Majesty the Queen'. People absolutely love it when a silly old queen makes a fool of herself.