The net worth of the members of Van Halen

[sadaist]

It has Dave Mustaine at $20 million. (seems extremely low)

James Hetfield at $175 million.
Lars Ulrich at $175 million.

Kirk Hammet at $70 million.

[Seshmeister]

Damn if I'd known this rock star thing paid so well I would have become one...

[kwame k]

I agree guys, I don't think it's that accurate..........

[FORD]

Maybe it's just a taste thing but to me that's a really ugly room.

Good thing it's in Southern California, because it would cost him a million dollars every year just to keep the heat on in that room, if it was in a state that had a cold winter. I'm all for natural lighting, but having all windows and no walls, is just a bit much.

And that couch is fucking hideous.

[kwame k]

Damn if I'd known this rock star thing paid so well I would have become one...

No doubt.......work hard in your 20's and 30's start coasting in your 40's and by the time your 50, you're just phoning it in on the oldies circuit!

[78/84 guy]

It has Dave Mustaine at $20 million. (seems extremely low)

James Hetfield at $175 million.
Lars Ulrich at $175 million.

Kirk Hammet at $70 million.

How the fuck is 20 million low ?? They were never big sellers anyway.

[sadaist]

How the fuck is 20 million low ?? They were never big sellers anyway.

Many many albums, live albums, dvd's, gear whoring, TONS of touring, merchandising, movie soundtracks, etc...

Normally I would say $20 million is a lot, but when Dee Snider is also worth $20 million it makes me wonder about the accuracy of this site.

[Seshmeister]

Good thing it's in Southern California, because it would cost him a million dollars every year just to keep the heat on in that room, if it was in a state that had a cold winter. I'm all for natural lighting, but having all windows and no walls, is just a bit much.

And that couch is fucking hideous.

At least he took down the picture before putting it on the market...

[chefcraig]

At least he took down the picture before putting it on the market...

Man, that is one huge-assed dart board. It would be great for a paintball gun, too.

[Nitro Express]

I've seen that site before, and I question it's accuracy. Mike is supposedly the richest out of all of them due to wise investments through the years. He just sold his house in home town Glendora, California for a cool 2.2 million awhile back. Add that to the kitty.

Mike's Pad

Who knows what the accuracy is. A lot of it is appraised value and you don't know what it's worth until you sell. As far as musicians go the money is in publishing so who writes the songs makes more. I think in the early days of VH they split the money four equal ways and then when the guys got married and divorced that changed. I think Alex had a lot to do with it. Also, automatically subtract half on what they make on a sale because the government gets that. You don't get away with tax invasion until you are a multinational corporation, a politician, or a connected billionaire who has bought off enough politicians.

[diamondsgirl]

Why would EVH and AVH be worth the same?? Wouldn't EVH be worth a boat load more due to gear sales?? Did he split that with Al too?

[DlocRoth]

Mike got all the ducats. *Licks hot sauce from fingers*

[sadaist]

Who knows what the accuracy is. A lot of it is appraised value and you don't know what it's worth until you sell. As far as musicians go the money is in publishing so who writes the songs makes more. I think in the early days of VH they split the money four equal ways and then when the guys got married and divorced that changed. I think Alex had a lot to do with it. Also, automatically subtract half on what they make on a sale because the government gets that. You don't get away with tax invasion until you are a multinational corporation, a politician, or a connected billionaire who has bought off enough politicians.

Question:

Sammy got $80 million from selling that 80% stake in the tequila. That's an immediate $40 million paid in taxes (probably more, but we'll use 1/2 for ease)

So...if that same year he performs charity / free shows / gives back to the fans, can he write those off and claim as a deduction on his taxes to try & recoup a chunk of that $40 mill tax bill?

We do see a lot of rock stars doing charity stuff or freebies to the fans. Some of these guys are generally good guys & I believe they truly want to help less fortunate people or "give back to the fans". But some guys I think WTF? But when looking at these numbers I can really see why they would "give back" to the fans if they can write it off as a deduction.

Cabo Wabo shows are always free. And they pack the house for that period in October. The bar probably rakes in dough from booze & merchandise and Sammy gets to write off the performances. As well as Mike & maybe the other rock stars that come down & jam a few songs.


I had one year where I won a large amount gambling. I'll tell you, that year we made so many fucking trips to the salvation army & Goodwill to donate shit that it was almost every weekend we had a truck load of junk. At tax time I had a stack of donation receipts to claim. And you get to value the items worth yourself, with no proof. So yeah, it's easy to say a $100 table was really worth $250. If you fudge too high it raises the red flag. But if you are subtle you can inflate a little here & there. Saved a bundle of tax owed on that gambling win.


Just a thought. So now when you see a rock star saying "we just wanted to give back to the fans" you will know maybe why they are really doing it.

[ace diamond]

well, shit, tony iommi is at $75 million........

http://www.celebritynetworth.com/richest-celebrities/rock-stars/tony-iommi-net-worth/

[sadaist]

Keep in mind, like in the case of Michael Anthony....that $2 million dollar home has an annual property tax liability of at least $50,000 minimum, probably more since in CA. He owned it 20 years so he plunked down close to a million just in the property taxes alone. Depending on the school, water, sewer district he is in it could be a lot more. Then you add the insurance which will run for a house like that at least another $25k annually if he has all his goodies, collectibles, classic cars, instruments covered as well. Then multiple cars, registrations, insurances, kids, etc, etc, etc...... Plus the income taxes on that money, manager, promoter, publicist...................

I can see Michael Anthony, even if he were extremely frugal, spending half million a year just to maintain his lifestyle. Easy. Now you imagine someone with a much higher profile & lifestyle like a Gene Simmons or Ozzy. Sheesh...the annual upkeep for them has to be outrageous.

Easy to see how celebrities can go bankrupt. Imagine having 3-5 houses like many do and paying all the taxes & upkeep on that shit. Mike Tyson was spending like $25k per month just on yard work.

Mo money, mo problems.