What is Sammy Hagar's net worth? Rock singer and entrepreneur Sammy Hagar, most famous for his work with the hard rock band Van Halen, has a net worth $120 million dollars. A musician, singer, and composer, Sammy Hagar is most widely recognized as the controversial second singer for Van Halen. During his time with Van Halen, fans began calling the group Van Hagar and complaining about the new sound. He is also the founder of the Cabo Wabo tequila brand and restaurant chain.
Hagar's first big break within the world of music came in 1973 as a result of his association with the band Montrose. From there, Hagar bounced around various corners of the music industry (including embarking on a mildly successful solo career) before the members of the band Van Halen began seeking a replacement for their temperamental lead singer David Lee Roth. Hagar quickly nailed an audition he got as a result of a recommendation from Eddie Van Halen's mechanic, and with their new lead singer, Van Halen released a number of hit records, including 5150, OU812, For Unlawful Carnal Knowledge, and Balance. However, his relationship with the band eventually deteriorated, leaving Hagar free to pursue other opportunities. Some of these business ventures were only vaguely related to his musical career, including "Sammy's Beach Bar & Grill" in St. Louis and the "Cabo Wabo Cantina" in Cabo San Lucas, Mexico.
Selling Cabo Wabo
While Sammy made his first fortune in the music industry, the bulk of his net worth actually has nothing to do with Van Halen. In 2007, Sammy sold 80% of the Cabo Wabo tequila company he founded to Gruppo Campari for $80 million, and in 2009 he sold the remaining 20% for $15 million more. The company was majority owned by Hagar which means he personally took home around $95 million from the deals.