Sammy Hagar Net Worth: The Red Rocker Rise to Fame and Fortune
Sammy Hagar is an American rock singer and entrepreneur who has a net worth of $150 million. Known as “The Red Rocker,” Sammy Hagar is probably most famous for his association with the band Van Halen. He replaced David Lee Roth as the lead singer of the iconic rock band in 1985. He worked with Van Halen from 1985 to 1996 and then again from 2003 to 2005. Guy Fieri and Sammy Hagar co-own a tequila company called Santo Tequila. Sammy owns a rum company called Beach Bar Rum and previously owned the tequila Cabo Wabo tequila company. Sammy sold Cabo Wabo for a combined $95 million over two transactions in 2007 and 2009.
Who is Sammy Hagar?
Sammy Hagar, born on October 13, 1947, is an American rock singer, songwriter, and guitarist known as the “Red Rocker.” He first gained fame with the band Montrose in the 1970s and later achieved solo success with hits like “I Can’t Drive 55.” Hagar became widely recognized as the lead vocalist of Van Halen from 1985 to 1996 and had two more stints with the band. In 2007, he was inducted into the Rock and Roll Hall of Fame with Van Halen. Hagar is also a successful businessman, founding the Cabo Wabo tequila brand and restaurant chain.
Sammy Hagar Early Life
Samuel Roy Hagar was born in Salinas, California, United States, on October 13, 1947. Not long after he was born, his family moved to Fontana in Southern California for his father’s job at a steel mill. When Hagar was a teenager, he started getting interested in Southern California’s growing music scene. When he was 14, Hagar started his first band, the Fabulous Castilles. Hagar graduated from Fontana High School. In 1967, Hagar joined the Johnny Fortune Band as a vocalist and guitarist. He also was a member of the band the Justice Brothers, which was the house band at the San Bernardino, California nightclub called The Nightclub.
Sammy Hagar Montrose and Solo Success
In 1973, Hagar got his first big break with the band Montrose. He was with the band for their debut and second albums. Hagar wrote his first-ever song, “Bad Motor Scooter,” for Monstrose. Hagar began his solo career after quitting Montrose. Hagar had one of the biggest hits of his solo career in the 1980s, with “I Can’t Drive 55” from his 1984 album “VOA.” He became known as the Red Rocker during this time.
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Sammy Hagar & Cabo Wabo
Hagar marketed a line of premium tequila named Cabo Wabo. He also owns a nightclub and restaurant in Cabo San Lucas, Mexico, called Cabo Wabo Cantina/ Hagar plays at the club during his annual “Birthday Bash.” In early 2009, Hagar opened “Sammy’s Beach Bar & Grill” at Harrah’s Casino in St. Louis, Missouri. Shortly after, another was opened in the Southwest Airlines terminal at McCarran Airport in Las Vegas, Nevada. Hagar donates all of the profits of both locations to local charities.
Sammy Hagar His Work Brought In A Fortune
Hagar expanded his business interests beyond tequila in 2011, introducing Sammy’s Beach Bar Rum, produced in Maui, Hawaii (per Wikipedia). He also opened Sammy’s Beach Bar & Grill restaurants, donating profits to local charities, while the Cabo Wabo Cantina in Cabo San Lucas remained one of his most notable ventures.
Sammy Hagar Real Estate Investment
Sammy and Kari’s primary residence has long been a home in Mill Valley, California, in Marin County north of San Francisco. He bought the home in 1978 for $160,000. He also owns a home several hours north in Lake Tahoe which he bought in 2007 for $450,000. Hagar has been trying to sell his Lake Arrowhead, California estate for a few years now without success. The 6,557-square-foot house is now up for rent for $30,000 a month or for weekends. The chateau, which was built in 2009, is three stories high with eight bedrooms, eight and a half bathrooms, and a separate guesthouse. Hagar originally purchased the property in 2009 for $2.3 million. When he first placed it for sale a few years ago, it was going for $5.25 million but has since been reduced to $3.9 million.
Sammy Hagar Personal Life
Hagar married his first wife, Betsy Berardi, on November 3, 1968. They had two sons together, Aaron (born in 1970) and Andrew (born in 1984). In 1994, the couple divorced after 26 years of marriage. He married his current wife, Kari Hagar, on November 29, 1995, and together they have two daughters, Kama (born in April 1996) and Samantha (born in March 2001).
FAQs
What is Sammy Hagar’s net worth?
Sammy Hagar has a net worth of approximately $150 million. His wealth comes from his successful music career, business ventures like Cabo Wabo Tequila and Sammy’s Beach Bar Rum, and various investments in restaurants and bars.
What band is Sammy Hagar most famous for being a part of?
Sammy Hagar is most famous for being the lead vocalist of Van Halen, joining the band in 1985 after David Lee Roth’s departure. He played with Van Halen until 1996, and again from 2003 to 2005.
What other businesses does Sammy Hagar own?
Aside from his tequila business (Cabo Wabo, which he sold for $95 million), Sammy Hagar owns Sammy’s Beach Bar Rum, several restaurants like Sammy’s Beach Bar & Grill, and the Cabo Wabo Cantina in Cabo San Lucas, Mexico.
How many times has Sammy Hagar been married?
Sammy Hagar has been married twice. His first marriage was to Betsy Berardi, with whom he had two sons. He later married Kari Hagar in 1995, and they have two daughters together.
Conclusion
Sammy Hagar is not only a rock legend but also a savvy businessman with a diverse portfolio of successful ventures. From his groundbreaking music career with Montrose and Van Halen to his entrepreneurial success with tequila, rum, and restaurants, Hagar’s influence extends beyond the stage.
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