Lou Reed net worth: Lou Reed was an American singer and songwriter who had a net worth of $15 million. Lou Reed was one of the most respected rock artists of the 60s and 70s. But he didn't accumulate that net worth by compromising his artistic principles. No, Lou Reed has always done exactly what he wanted to, for better or for worse. His career in music began at a very young age, when the teenaged Reed learned to play guitar and joined up with doo-wop group called The Jades. But it wasn't until years later that Reed met up with John Cale, eventually forming The Velvet Underground along with Sterling Morrison and Maureen Tucker. The band, which eventually became involved with Andy Warhol's underground art scene, is responsible for a large chunk of Reed's reputation to this day. The Velvets, although not commercially successful, grew to be hugely influential over time – they were the first band to introduce "mature" topics to rock music like drug abuse, kinky sex, and death. After breaking off from VU, Reed embarked on a solo career that continues to this day.
His biggest hits came from his second album, Transformer, including his most famous song, "Walk on the Wild Side". Reed continued to follow the beat of his own drum throughout his life. He released a sprawling concept album based on the works of Edgar Allan Poe called "The Raven" with an accompanying concert movie featuring his performances from his classic album "Berlin". His next project was a collaboration with the rock band Metallica. Sadly, Lou Reed died on October 27, 2013 at the age of 71.