Sammy Hagar, the iconic rock singer and entrepreneur, has an impressive net worth of $150 million. Known as “The Red Rocker,” Hagar gained fame as the lead singer of Van Halen and has also made significant earnings from his ventures in the tequila industry, including his Cabo Wabo Tequila brand, which he sold for a combined $94 million. In terms of income, Sammy Hagar reportedly earns about $20 million per year.
Sammy Hagar Wiki & Quick Facts
- Full Name: Sam Roy Hagar
- Nickname: The Red Rocker
- Birthdate: October 13, 1947
- Age: 76 years old (as of 2024)
- Birthplace: Salinas, California, USA
- Genres: Hard rock, heavy metal, glam metal
- Height: 5 feet 10 inches (178 cm)
- Weight: 176 lbs (80 kg)
- Spouse: Kari Karte (married since 1995)
- Children: Four (Aaron, Andrew, Kama, and Samantha)
- Hobbies: Cooking, wine-making, and collecting cars
- Instruments: Vocals, guitar
- Years Active: 1972–present
- Notable Bands: Montrose, Van Halen, Chickenfoot, Sammy Hagar and the Circle
- Hit Songs: “I Can’t Drive 55,” “Why Can’t This Be Love” (with Van Halen)
- Business Ventures: Founder of Cabo Wabo tequila and restaurant chain, Sammy’s Beach Bar rum
- TV Show: Host of “Rock & Roll Road Trip with Sammy Hagar” on AXS TV
- Rock and Roll Hall of Fame: Inducted in 2007 as a member of Van Halen
Sammy Hagar Net Worth Timeline
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Cabo Wabo Fortune
Sammy Hagar, the rock musician, made a significant fortune from his Cabo Wabo Tequila brand. In 2007, he sold an 80% stake in the company to Gruppo Campari for $80 million. Later, in 2010, he sold the remaining 20% for an additional $11 million, bringing his total earnings from the sale to $94 million.
Hagar originally started Cabo Wabo as a nightclub and restaurant in Cabo San Lucas, Mexico, in 1990. The tequila brand, which began as a house brand for the restaurant, quickly gained popularity and became a major success.
Sammy Hagar’s Early Life, Education & Career
Early Life and Education
Sammy Hagar, born Sam Roy Hagar on October 13, 1947, in Salinas, California, grew up in a challenging environment. His father, Bobby Hagar, was an alcoholic and a boxer, which led to a tumultuous family life. Hagar’s family moved frequently due to financial instability. Despite these hardships, Hagar excelled academically and discovered his passion for music in high school, teaching himself to play guitar.
Career Beginnings and Montrose
Hagar’s music career took off in the early 1970s when he joined the hard rock band Montrose as the lead vocalist. The band’s self-titled debut album, released in 1973, is considered a classic and includes hits like “Rock Candy“. Although Montrose didn’t achieve massive commercial success initially, they were highly influential in the rock genre.
Solo Success
After leaving Montrose, Hagar launched a successful solo career. He gained significant attention with his 1984 hit “I Can’t Drive 55“. His energetic performances and distinctive voice helped him build a strong fan base. Hagar’s solo work solidified his reputation as a talented and dynamic rock artist.
Van Halen
In 1985, Hagar replaced David Lee Roth as the lead vocalist of Van Halen, one of the most popular rock bands of the time. His tenure with Van Halen was marked by commercial success, with albums like “5150” and “OU812” achieving multi-platinum status. Hagar’s time with the band lasted until 1996, and he briefly rejoined from 2003 to 2005.
Cabo Wabo
Beyond music, Hagar is also a successful entrepreneur. He founded the Cabo Wabo tequila brand and restaurant chain, which became highly successful. The Cabo Wabo Cantina in Cabo San Lucas, Mexico, is a popular destination for both fans and tourists. Hagar’s business ventures have significantly contributed to his wealth and fame.
Sammy Hagar’s Parents & Family
Parents and Siblings
- Parents: Sammy Hagar was born to Robert Hagar and Gladys Hagar.
- Siblings: He has three siblings: Bobbi, Velma, and Robert Hagar Jr.
Wife and Kids
- First Marriage: Sammy Hagar was first married to Betsy Berardi in 1968. They had two sons together, Aaron and Andrew Hagar. The couple divorced in 1994.
- Second Marriage: Sammy married Kari Karte in 1995. Kari is a TV producer and has worked on several projects involving Sammy. Kari Karte has been a significant part of Sammy’s life and career. They met at a mutual friend’s birthday party and got married on November 29, 1995. they have two daughters together, Kama Hagar (Born in 1996) And Samantha Hagar (Born in 2001).
Sammy Real Estate, Car Collection, & Philanthropy
Real Estate
- Lake Arrowhead Chateau: Sammy Hagar owns a stunning French chateau-style home in Lake Arrowhead, California. This property, which he bought in 2009, features eight bedrooms, 9.5 bathrooms, and spans 6,557 square feet. It includes luxurious amenities like a spa, fire pit, and built-in barbecue.
- Malibu Estate: Hagar also had a magnificent estate in Malibu, California, known for its luxury and lavishness.
Car Collection
Sammy Hagar is a well-known car enthusiast with a diverse and impressive collection:
- Ferraris: He has owned at least 20 Ferraris over the years, including a 1984 Ferrari 512 BBI and a 1972 Ferrari Daytona 365 GTB.
- Aston Martin Vanquish S: A sleek and powerful addition to his collection.
- Chevrolet El Camino: A classic muscle car that Hagar enjoys.
- Jaguar XKE: Another vintage gem in his collection.
- Lotus Elise: Known for its lightweight and agile performance.
- Ford GT: A modern supercar that stands out in his garage.
- Custom-made ’68 Shelby Mustang Replica: A unique and noisy muscle car.
Philanthropy
Sammy Hagar is deeply involved in philanthropy through his Hagar Family Foundation, which he and his wife Kari established in 2008. The foundation focuses on feeding children and families in need and supporting families dealing with terminal illness.
Hagar has personally donated over $4 million to local communities, including contributions to food banks in every city where he has performed. Additionally, proceeds from his Sammy’s Beach Bar & Grill restaurants are donated to various food banks across the United States.
He also supports several other charities, including Blessings in a Backpack, Little Kids Rock, The Salvation Army, and United Way. His commitment to social advocacy and philanthropy has earned him recognition, such as the Humanitarian Award at the Loudwire Music Awards.
Conclusion
Sammy Hagar’s journey from a challenging upbringing to rock stardom and entrepreneurial success underscores his remarkable versatility and resilience. With a net worth of $150 million, Hagar has not only made his mark as “The Red Rocker” through his influential music career but has also achieved significant financial success through his ventures in the tequila industry.
His innovative spirit and business acumen, highlighted by the $94 million sale of Cabo Wabo Tequila, complement his musical achievements and contribute to his annual earnings of approximately $20 million. Hagar’s continued relevance and success in both music and business affirm his status as a true icon in the entertainment world.
FAQ About Sammy Hagar
Who is Sammy Hagar?
Sammy Hagar, also known as “The Red Rocker,” is an American singer, songwriter, and guitarist. He gained fame with the hard rock band Montrose and later had a successful solo career. He is also known for being the lead vocalist of Van Halen.
Where is Sammy Hagar from?
He was born in Salinas, California, USA.
Where does Sammy Hagar live?
He currently resides in Mill Valley, California.
How old is Sammy Hagar?
He was born on October 13, 1947, making him 76 years old as of 2024.
How tall is Sammy Hagar?
Sammy is approximately 5 feet 10 inches (178 cm) tall.
How much is Sammy Hagar worth?
Sammy’s net worth is estimated to be around $150 million.
What band was Sammy in?
He was in several bands, including Montrose, Van Halen, Chickenfoot, and Sammy Hagar and the Circle.
Who is Sammy currently married to?
He is currently married to Kari Karte. They have been married since 1995.
What year did Sammy join Van Halen?
He joined Van Halen in 1985.
How old was Sammy when he joined Van Halen?
He was 37 years old when he joined Van Halen.
How long was Sammy with Van Halen?
He was with Van Halen from 1985 to 1996, and then again from 2003 to 2005.
Why did Sammy leave Van Halen?
He left Van Halen due to creative differences and personal conflicts with the band members.
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