Sammy Hagar net worth, famously known as “The Red Rocker”, is an American singer-songwriter, guitarist, and entrepreneur who has a net worth of around $150 million. He first gained fame as the lead vocalist of rock band Montrose in the 1970s and later became part of the popular rock group Van Halen from 1985 to 1996. Over his decades-long career, Hagar has also enjoyed success as a solo artist and founded several businesses including nightclubs and restaurants. Now in his 70s, he remains an active musician and businessman.
|Name||Samuel Roy Hagar|
|Nickname||Sammy Hagar, The Red Rocker|
|Birthday||13 October 1947|
|Kids||Aaron Hagar, Andrew Hagar, Kama Hagar, Samantha Hagar|
|Parents||Gladys Hagar, Robert Hagar|
|Siblings||Velma Hagar, Robert Hagar, Bobbi Hagar Harrell|
|Net Worth||$150 million|
Net Worth and Income
According to various reports, Sammy Hagar’s net worth is estimated to be around $150 million as of 2023.
The bulk of his wealth has come from his music career spanning over 50 years. During his time with Van Halen, Hagar amassed considerable wealth as the band was among the highest-grossing touring acts at the time.
As a solo artist, Hagar has sold over 50 million albums worldwide which has significantly contributed to his fortune. Some reports suggest that his annual salary ranges between $19.4 million to $8,718,000 per year. Additionally, Hagar earns around $5 million annually from his investments in 16 other companies. His business ventures involving nightclubs and restaurants are also steady sources of income.
Early Life and Career Beginnings
Sam Roy Hagar was born on October 13, 1947, in Salinas, California to Bobby and Gladys Hagar. His family worked in the lettuce fields and lived in a labor camp. In his childhood, Hagar lived with his parents and three siblings in the labor camp until the family moved to Fontana.
Showing an early interest in music, Hagar began playing guitar as a teenager and played in a few local bands. After graduating high school, he started working as a professional musician playing at bars and clubs. His first major break came in 1973 when he was hired as the lead vocalist for the band Montrose formed by rock guitarist Ronnie Montrose.
Tenure with Van Halen
In 1985, at the height of his solo career, Hagar joined the prominent hard rock group Van Halen as their new lead singer, replacing David Lee Roth. His addition ushered the band into a more radio-friendly and commercially successful era in the mid-late 1980s.
Hagar recorded four multi-platinum studio albums with Van Halen – “5150” (1986), “OU812” (1988), “For Unlawful Carnal Knowledge” (1991), and “Balance” (1995). He also toured extensively with the band during this period. While tensions eventually led to his exit in 1996, Hagar’s tenure helped Van Halen enjoy its greatest commercial success.
Apart from his work with bands, Sammy Hagar has maintained a successful solo career spanning over four decades. After leaving Montrose in 1975, he released his first solo album “Nine on a Ten Scale”. Hagar found more commercial success with his third and fourth albums “Musical Chairs” (1977) and “Street Machine” (1979) featuring songs like “Plain Jane” and “I’ve Done Everything for You”.
His solo career peaked in the 1980s with the hit albums “Standing Hampton” (1981), “Three Lock Box” (1982), and “VOA” (1984). Songs like “There’s Only One Way to Rock”, “Your Love Is Driving Me Crazy”, and “I Can’t Drive 55” established Hagar as a prominent solo act in mainstream rock. Even after joining Van Halen, he continued releasing solo albums now and then. His latest solo album, “Space Between”, came out in 2019.
Other Business Ventures
In addition to his work as a musician, Sammy Hagar has been involved in several entrepreneurial ventures over the decades. In the 1990s, he founded the Cabo Wabo nightclub and restaurant in Cabo San Lucas, Mexico which later expanded into a brand of tequila, Cabo Wabo Tequila. Hagar sold an 80% stake in Cabo Wabo Tequila to Gruppo Campari for $80 million in 2007 but still remains the brand’s face.
Hagar also opened Sammy’s Beach Bar & Grill locations in various cities. In 1997, he founded the band Chickenfoot comprising Hagar, Joe Satriani, Michael Anthony, and Chad Smith. He owns a publishing company SAMSON Publications and has investments in 16 other companies as well. Hagar’s business ventures exemplify his savvy financial skills and business acumen.
Sammy Hagar has been married twice in his life. In 1968, he married his first wife Betsy Berardi and had two sons together, Aaron and Andrew. After divorcing Betsy in 1994, Hagar married his current wife Kari Karte in 1995. He has two daughters, Kama and Samantha, from his second marriage.
In summary, Sammy Hagar has cemented his status as one of the most successful and influential rock musicians of the past few decades. As a member of Montrose, Van Halen, Chickenfoot, and as a solo act, he has made an indelible impact on rock music. Hagar has also displayed great business skills with his ventures and investments. With a net worth of $150 million and lucrative assets under his belt, Sammy Hagar remains an icon in the world of rock and roll.