Sammy Hagar Net Worth (2024)
Lifestyle | Bio | Facts [UPDATED]

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What is Sammy Hagar Net Worth?

Sammy Hagar Net Worth, Biography & Lifestyle: Sammy Hagar, also known as “The Red Rocker,” is an American rock singer and businessman. His commercial success came when he replaced David Lee Roth to be the lead singer of the band, Van Halen. Sammy Hagar’s net worth is at $150 million.

Aside from his music career, he also dived into the food business world, founding his tequila and rum brands and restaurant chains!


You might have an idea where Sammy Hagar net worth came from!

But stay with me for a while. Aside from the details of Sammy Hagar net worth, we’d also be looking into:

  • His successful alcoholic beverage and restaurant businesses;
  • The controversial statement he said in the wake of the pandemic;
  • The various bands he played with;
  • His personal life and car collection;
  • Lots more!

It’s an inspiring career – my favorite part is him pressing on his path even after being fired – more on that later!

For now, might I interest you to listen to Sammy Hagar’s I Can’t Drive 55 while reading this article?

Let’s rock and roll!

Who Is Sammy Hagar?

Sammy Hagar Net Worth

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Samuel Roy Hagar – also known as the Red Rocker – is an American born in Salinas, California, United States. Since he was fourteen, he played in local bands, but only when Hagar joined the hard rock band Montrose, in the 1970s, that he came to prominence.

He was only with the band for two years, and after that, he focused on his solo career for a time. That was the time when Hagar established his image and became known as “The Red Rocker.”

He released albums such as Standing Hampton, Three Lock Box, and VOA, from which the song I Can’t Drive 55 was included.

Hagar is also known as a former member of the band Van Halen.

After some falling out, he was out of the band, and he turned to join other people on various bands like Los Tres Gusanos, Sammy Hagar & The Waboritas, Planet Us, Chickenfoot, and Sammy Hagar & The Circle.

But that’s not all there is to Hagar…

You see, Hagar isn’t just a musician – he’s also an entrepreneur!

He is a successful owner of various brands and restaurants – keep reading to know about them.

How Old Is Sammy Hagar?

Sammy Hagar is 76 years old and was born in Salinas, California, United States.

How Tall Is Sammy Hagar?

Hagar is 5 feet 10 inches (178 cm) tall and weighs 80 kg or 176 lbs. Other 5 feet 10 inches (1.78m) musicians are Mick Jagger, Liam Gallagher and Rod Stewart.

Profession: Singer ,Songwriter, Musician, and Entrepreneur
Worth: $150 million
Date of Birth: October 13th 1947
Children: 4
Eye Colour: Blue
Zodiac Sign: Libra
Place of Birth:  Salinas, California, United States
Language: English
Tattoos: None
Nationality: American
Marital Status/ Relationship: Married
Drinking: Yes

How Much Is Sammy Hagar Worth?

Sammy Hagar net worth is at $150 million. His wealth came from his music and business career. 

Sammy Hagar Net Worth Year By Year

YearEarnings $
2017$120 million
2018$116.4 million
2019$120 million
2020$140 million
2021$150 million

Sammy Hagar Albums / Books

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Are We Having Any Fun Yet?: The Cooking & Partying Handbook Hardcover – September 15, 2015

Hagar’s cookbook

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Red: My Uncensored Life in Rock Paperback – Illustrated, March 13, 2012

Hagar’s autobiography

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The Essential Red Collection

A collection of some of his hit songs from when he was with Montrose and as a solo artist

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For Unlawful Carnal Knowledge

One of Van Halen’s multi-platinum, chart-topping album

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Best Of Both Worlds, The (2CD, Digipak)

A 2-disc Van Halen compilation, showing the time when Van Halen had David Lee Roth and when Sammy Hagar joined to replace him

Entrepreneur Hagar

Samuel Roy Hagar owns various businesses – Cabo Wabo Cantina, Sammy’s Beach Bar & Grill, and Sammy’s Beach Bar Rum.

In 1999, he started a premium line of tequila brand Cabo Wabo Tequila to serve the patrons at Cabo Wabo Cantina. In 2007, the Cabo Wabo Tequila became the second best-selling premium tequila in the US, earning about $60 million that year.

He later sold 80% interest to Gruppo Campari for $80 million. Then, in 2010, he sold the remaining 20% for 15 million. These records mean he got $95 million in the deals for Cabo Wabo Tequila.

He also opened a steakhouse restaurant called El Paseo with celebrity chef Tyler Florence in Mill Valley, California. They closed it abruptly in 2018. The following year, he announced that they sold it to a Mill Valley resident.

In the 1990s, he owned a mountain bike store called Sausalito Cyclery.

The Young Sammy Hagar

Young Sammy Hagar

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On October 13, 1947, Sammy Hagar was born Samuel Roy Hagar to Bobby and Gladys Hagar in Salinas, California, United States. He has three siblings – Robert, Velma, and Bobbi.

Their family lived in Salinas before moving to Fontana, California. There, his father worked in the open hearth at the Kaiser Steel Mill. 

But there were some concerns…

Hagar’s father was the “town drunk,” “a complete alcoholic and madman.” He was abusive toward his family.

It came to a point when his mother would take them to sleep in the car in an orange grove nearby just to get away from his violent acts.

To top that off, he spent their rent money buying alcohol. Hagar remembers moving to nine different houses because of this.

Eventually, Gladys’ patience wore thin. She left Bobby and took Hagar and his siblings away from him. Hagar was ten years old then.

Now here’s how music entered his life…

It started when he purchased a $40 guitar from a Sears catalog and taught himself how to play the said instrument.

When he was 14, he formed a band named Fabulous Castilles.

His love for music made him go to San Bernardino and sneak in to see the US debut of the Rolling Stones at the Swing Auditorium in 1964.

Because he was desperate to get out of his hometown, he moved to Riverside after graduating high school. He played in some local bands while working in the music department at a local store.

Sammy Hagar High School

Samuel Roy Hagar attended Fontana High School. He excelled academically.

Sammy Hagar Family & Relationships

Sammy Hagar Family & Relationships

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Sammy Hagar Wife – Kari Karte

Sammy Hagar married Kari Karte on November 29, 1995. They have two children – Kama and Samantha.

Sammy Hagar Kids

Here are the children Sammy Hagar bore with Kari Karte and Betsy Berardi:

  • Aaron Hagar (born in 1970)
  • Andrew Hagar (born in 1984)
  • Kama Hagar (born in April 1996)
  • Samantha Hagar (born in March 2001)

Sammy Hagar Ex-Wife – Betsy Berardi

Sammy Hagar married his first wife, Betsy Berardi, on November 3, 1968. They have two children – Aaron and Andrew. In 1994, they divorced.

Moving on…

We are going to dive into the Red Rocker’s career throughout the years. We’ll finally understand where Sammy Hagar net worth came from!

Sammy Hagar Career

Earlier Bands (pre-1973)

After graduating from Fontana High School, Sammy Hagar moved to Riverside. There, he played in various local bands, starting with Johnny Fortune Band. He also played in Big Bang, Cotton, Dustcloud, Jimmy, the Justice Brothers, Manhole, and Skinny.

Montrose (1973-1975)

He received more attention when he joined the hard rock band Montrose, in 1973. He was recruited after they discovered him while playing in a San Francisco cover band. Hagar was part of their debut and sophomore albums.

However, Hagar and the band founder Ronnie Montrose had conflicts that ended up with Hagar being fired.

Van Halen (1985-1996)

Sammy Hagar replaced David Lee Roth in 1985. They produced four multi-platinum, top-charting albums with him in the band, namely 5150, OU812, For Unlawful Carnal Knowledge, and Balance.

Once again, Hagar had an internal conflict, and this time, it’s with Eddie Van Halen. Hagar claimed that he was fired, but Eddie said Hagar quit the band.

But wait, there’s more to the story…

In 2003, Hagar reunited with Van Halen. They went on a tour together the following year and released an album featuring songs fronted by Hagar.

Sadly, Eddie and Hagar’s relationship worsened to the point that they completed the tour using two separate charter jets. Tensions were up to when their final show ended with Eddie smashing his guitar. 

The hard rock band Montrose and Van Halen are the most famous bands Hagar was involved with, but he joined and formed more bands after. Here’s the list of them:

Sammy Hagar Scandals & Controversies

Apology for Exposing Former Bandmate

In June 2021, Hagar apologized for exposing late bandmate Eddie Van Halen’s “dark side” in his memoir.

In Hagar’s 2011 memoir entitled “Red: My Uncensored Life in Rock,” he called Eddie Van Halen a “very angry drunk.” He also said that “reunion tour in ’04 was some of the most miserable, back-stabbing dark crap I’ve ever been involved with my whole life.”

Eddie Van Halen died on October 6, 2020, because of cancer.

Before that, they were reportedly reconnected and resolved their bitter feelings toward each other. 

Statement About Sacrificing for Economy

In June 2020, Hagar received criticism after his remark about life during quarantine was released by Rolling Stones. He said, “…I’d rather personally get sick and even die if that’s what it takes. We have to save the world and this country from this economic thing that’s going to kill more people in the long run.”

He also added, “That’s just the way that I feel about it. I’m not going to go around spreading the disease. But there may be a time where we have to sacrifice. I mean, how many people die on the Earth every day? I have no idea. I’m sorry to say it, but we all gotta die, man.”

He released a statement on his Instagram account to clarify his stand. He said he was “cautiously optimistic” because when he did that interview – on May 8th – the curve was already beginning to flatten.

Ultimately, he made it clear that they will adjust their plans according to regulations.

How Sammy Hagar Spends His Money

Samuel Roy Hagar spends his money on his businesses, namely Cabo Wabo Cantina, Sammy’s Beach Bar & Grill, and Sammy’s Beach Bar Rum. He also spends his money on Sammy’s Beach Bar Rum in Hawaii. The rum they produce is distilled on Maui by Hali’imaile Distilling Company.

Sammy Hagar House  

Sammy Hagar’s house is located in Mill Valley, California, which he bought for $160,000 in 1978. He also owns a house in Lake Tahoe that he bought for $450,000 in 2007.

Sammy Hagar Cars

Sammy Hagar Cars

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Sammy Hagar has a huge collection of cars, and they’re not surprising, considering his net worth.

In 2015, he purchased a $1.3 million custom-made LaFerrari.

Aside from that, he also owns a 2008 Ferrari 599 GTB Fiorano F1, a 1967 Gateway GCM-R Fastback Mustang, a 2005 Aston Martin Vanquish Lagonda, and a 1982 Ferrari 512BB.

Not only that…

He has a 2003 BMW Alpina, 1974 Jaguar XKE, 2005 Ford GT, 2007 Shelby, and a 2007 Explorer, amongst many other cars in his collection.

Sammy Hagar Philanthropy

Sammy Hagar Philanthropy

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Sammy Hagar supports the following charities:

  • Blessings in a Backpack
  • Little Kids Rock
  • The Salvation Army
  • United Way

He donates the profit from his Sammy’s Beach Bar & Grill restaurants to the local charities, too.

Fun Facts About Sammy Hagar

  • Sammy Hagar was named after his maternal grandfather, Sam Roy.
  • Hagar picked raspberries to earn 70 cents a day when he was four years old to pay for a pair of shoes.
  • He holds an annual autumn Birthday Bash performance at his Cabo Wabo restaurant.
  • He loved cooking before learning rock music.
  • He was inducted into the Rock and Roll Hall of Fame with Van Halen in 2007.
  • Sammy Hagar’s first brand new car was a 1967 Volkswagen Beetle.
  • Sweet and fruity Rieslings were the first wines that he liked.
  • His fans are called “Redheads.”

5 Financial Freedom Lessons From Sammy Hagar

  1. There’s no need to rush to get what you want.
  2. Be patient in saving.
  3. Invest in your passion.
  4. Don’t hesitate to sell properties.
  5. If you partner up with someone, make sure you understand each other well.

Top 3 Quote From Sammy Hagar

  • “To stay a great singer or guitar player, you’ve got to do it 24/7. That’s what I do.”
  • “Cooking is like writing a song. You make something from nothing. You take a bunch of ingredients and create something better than the sum of its parts. You get a guitar, you start a melody, and you bring in drums and a keyboard. You taste it and say that it needs something. You add harmonies, and you get a beautiful song at the end. Just like a recipe.”
  • “I see couples fighting about the stupidest things. You just have to rise above everything.”

Frequently Asked Questions (FAQs)

How much did Sammy sell Cabo Wabo for?

Hagar sold his stake in Cabo Wabo Tequila brand to Campari Group in 2010 for US$11 million.

How old is Sammy Hagar’s wife?

Kari Karte is currently 57 years old.

Is Sammy Hagar Lebanese?

Yes, he is of Lebanese descent.

Conclusion: Sammy Hagar Net Worth & Biography

And that’s a wrap for Sammy Hagar net worth, biography, and lifestyle!

We’ve seen both the musician Hagar – The Red Rocker – and the entrepreneur Hagar.  

He faced different problems in his music career, but he didn’t lose hope. He continued and prevailed over his circumstances.

On top of that, he also managed to establish restaurants and brands in line with his interest.

I just had to admire that passion and tenacity for what he loves.

I hope you enjoyed this article – don’t forget to check out Sammy Hagar’s Three Lock Box album!

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