Originally posted on November 11, 2020 @ 7:52 am
Sammy Hagar aka The Red Rocker is an American rock singer, songwriter, and entrepreneur. He is best known for once being the lead singer for Van Halen and Montrose.
Moreover, he has had a successful solo career too with timeless hits like I Can’t Drive 55 from his album entitled VOA in 1984. Sammy joined Van Halen in 1985 and would be with the band until 1996. He would then return to the band from 2003 to 2005. Thanks to his work on the band, he was inducted into the Rock and Roll Hall of Fame in March of 2007.
Additionally, Hagar is a formidable businessman. He is the founder of Cabo Wabo Tequila and a rum named Sammy’s Beach Bar Rum. Moreover, he is the founder of the Cabo Wabo Cantina Restaurant and Nightclub in Mexico.
Net Worth and Income Sources.
Hagar has built an empire thanks to his knack for business and his musical talents. Sammy Hagar is estimated to have a net worth of about $150 million.
Sammy’s wealth has mainly come from his business ventures. Thanks to his alcohol line, Hagar has made tens of millions of dollars. Sammy sold 80 percent of Cabo Wabo Tequila for $80 million to Gruppo Campari.
He then sold the remaining 20 percent for $15 million in 2009.
Houses, Cars, Properties, and Lifestyle.
Sammy Hagar’s life is nothing short of opulent. He can afford the finer things in life and all the trappings privy to a multi-millionaire.
Sammy’s property portfolio is as luxurious as you would expect. Hagar bought a 6,557 square-foot waterfront property on California’s Lake Arrowhead’s shore for a whopping $2.3 million. The property was purchased in 2009 as a vacation home for Sammy’s family. The sprawling mansion features 8 bedrooms, 9 bathrooms, a fire pit, built-in barbeque, sauna, soaking tub, and steam shower.
In 2017, the house was listed for sale for $5.25 million. However, the asking price was dropped to $3.9 million when it failed to sell. The mansion is currently being rented for $30,000 a month after it couldn’t get a buyer.
Sammy also owned another property in Haiku, Hawaii, which he sold for $3.1 million. Currently, he has a property in Lake Tahoe which he bought for $420,000 in 2007. Additionally, he also owns a property in Mill Valley, California, which he has bought for $160,000.
Sammy also has expensive taste in cars. In 2015, he took delivery of a $1.3M, 949hp LaFerrari hypercar from Marin Dealership.
Sammy Hagar got his big break in 1973 when he joined the band Montrose as its lead singer. The band released its debut and second albums after he joined them. Sammy then left Montrose to pursue his solo career.
In 1984, he released his album VOA which produced the hit I Can’t Drive 55. Sammy then joined the iconic group, Van Halen in 1985. The band went on to release 4 multi-platinum albums namely, For Unlawful Carnal Knowledge, 5150, Balance, and OU812. Sammy left the band in 1996 but rejoined them in 2003 for 2 years.
As aforementioned, Hagar invested in the alcohol business with the brand Cabo Wabo Tequila. He sold the company for a whopping $95 million. Sammy also owns the restaurants Cabo Wabo Cantina in Mexico and Sammy’s Beach Bar & Grill in St. Louis, Missouri.