Ace Frehley net worth: Ace Frehely is a musician, songwriter and former member of Kiss who has a net worth of $1.5 million. Ace Frehely made his net worth through his career with Kiss and other bands as well as his many solo appearances. He was born in the Bronx, New York and started playing guitar at the age of 13. In 2013, it was revealed that Ace Frehley was facing some financial problems. A bank had accused Ace of failing to pay the mortgage on his Yorktown, New York home and began foreclosure proceedings.