Sammy Hagar Net Worth
Sammy Hagar net worth: Sammy Hagar is an American rock singer and entrepreneur who has a net worth of $120 million. Sammy Hagar is probably most famous for his association with the band Van Halen. 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 nailed an audition he got as a result of a recommendation from Eddie Van Halen's mechanic. 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. To read more about Sammy's early life, musical career and entrepreneurial success, check out this interview by Bruce Fessier in The Desert Sun.