Timothy B. Schmit net worth: Timothy B. Schmit is an American musician and songwriter who has a net worth of $15 million dollars. Born in Oakland, California, Timothy B. Schmit grew up in Sacramento, and began playing with a folk rock group when he was in his early teens. This group eventually evolved into The New Breed, which released one hit track, "Green-Eyed Woman" in 1965. He then went on to play with the group Poco, and wrote one of their best-selling tracks. In 1977, he became the bassist, and a vocalist, for the popular group, The Eagles. He continues to perform with The Eagles to this day. During the period of time when The Eagles were broken up, he launched a successful career as a backing vocalist and session musician, and can be heard on multiple tracks by Steely Dan, Bob Seger, Boz Skaggs, Don Henley, Crosby, Stills, and Nash, and Richard Marx. He also toured with Jimmy Buffett and performed with Ringo Starr & His All-Star Band. His most recent solo album, "Expando", was released in 2009.