Sammy Hagar Net Worth: American singer-songwriter-guitarist Samuel Roy Hagar, commonly known as the Red Rocker, was born on October 13, 1947. With the hard rock band Montrose, he first gained notoriety in the early 1970s. He later enjoyed success as a solo artist and had a hit with “I Can’t Drive 55” in 1984.
He was a commercial success when he took over for David Lee Roth as Van Halen’s second lead vocalist in 1985. However, he departed the band in 1996. From 2003 until 2005, he joined the group once more. Hagar was a member of Van Halen when he was elected into the Rock and Roll Hall of Fame in 2007. His preferred musical genres are hard rock and heavy metal.
In addition to Sammy’s Beach Bar rum, Hagar developed the Cabo Wabo tequila brand and restaurant franchise.
He currently sings lead for the bands Chickenfoot and Sammy Hagar and the Circle, among other musical endeavors. On AXS TV, Hagar also hosts the show Rock & Roll Road Trip with Sammy Hagar.
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Sammy Hagar’s Net Worth
American rock singer and businessman Sammy Hagar has a $150 million fortune. Sammy Hagar, also known as “The Red Rocker,” is most well-known for being a member of the band Van Halen. In 1985, he took over as the band’s iconic lead singer after David Lee Roth left. From 1985 to 1996 and again from 2003 to 2005, he collaborated with Van Halen.
Sammy Hagar and Guy Fieri jointly own the tequila brand Santo Tequila. Sammy used to hold the tequila Cabo Wabo tequila company and now owns the rum business called Beach Bar Rum.
Sammy Hagar Cabo Wabo Fortune
Although Sammy made his yearly income in the music business, Van Halen is not the primary source of his current wealth. After purchasing a bar in Cabo San Lucas, Mexico, in the 1980s, Sammy started marketing his tequila brand in the late 1990s under the moniker “Cabo Wabo.” Over time, his bar and tequila gained much popularity with locals and international distributors.
For $80 million, Sammy sold Gruppo Campari 80% of the Cabo Wabo Tequila Company in 2007. He sold the final 20% in 2009 for an extra $15 million. Hagar owned a majority of the business, meaning he earned almost $95 million from the transactions personally.
Image source: Caknowledge
Sammy Hagar Early Life
On October 13, 1947, Samuel Roy Hagar was born in Salinas, California, in the United States. His family relocated to Fontana, Southern California, shortly after he was born because of his father’s job at a steel mill. Hagar first became interested in Southern California’s expanding music scene when he was a teenager.
Hagar formed his first band, the Fabulous Castille’s, at 14. Hagar earned his high school diploma from Fontana. Hagar became a guitarist and singer for the Johnny Fortune Band in 1967. Additionally, he was a member of the Justice Brothers, the house band at the nightclub known as The Nightclub in San Bernardino, California.
Sammy Hagar Montrose and Solo Success
With the band Montrose, Hagar received his first significant break in 1973. He performed on the group’s first and second albums. “Bad Motor Scooter,” his first song, was written by Hagar for the band Monstrose. After leaving Montrose, Hagar started his solo career. With “I Can’t Drive 55” from his 1984 album “VOA,” Hagar had one of the biggest hits of his solo career in the 1980s. During this time, he earned the nickname “Red Rocker.”
Sammy Hagar’s Personal Life
On November 3, 1968, Hagar wed Betsy Berardi, who would become his first wife. Together, they had two sons: Aaron, born in 1970, and Andrew. The couple separated in 1994 after 26 years of marriage. On November 29, 1995, he wed his current spouse, Kari Hagar, and the two of them have two daughters, Kama (born in April 1996) and Samantha.
Hagar faced criticism in May 2020 after making the following remarks in an interview with Rolling Stone: “I won’t go around distributing the illness. However, there might come a time when we must make a sacrifice. How many people pass away on Earth each day? I am clueless. I’m sorry, but we must all pass away, man.” People naturally took offense because this was the Internet, forcing Hagar to explain what he said.
Sammy Hagar Real Estate
Sammy and Kari have lived in a house in Mill Valley, Marin County, California, north of San Francisco, for a long time. For $160,000, he bought the house in 1978. He also owns a home in Lake Tahoe, several hours north, that he paid $450,000 in 2007.
Hagar has been unsuccessfully trying to sell his estate in Lake Arrowhead, California, for several years. According to the Los Angeles Times, the 6,557-square-foot home is available for rent for $30,000 per month or on weekends. The three-story chateau, constructed in 2009, has a separate guesthouse, eight bedrooms, and eight and a half bathrooms. Hagar initially bought the house in 2009 for $2.3 million. It was listed for $5.25 million when he first put it up for sale a few years ago, but the price has since been lowered to $3.9 million.
He previously owned a house in Haiku, Hawaii, which he sold for $3.1 million in 2018.
