Sammy Hagar Tells Fans Amount Of Money He Has

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Sammy Hagar has never been shy about living large. From fronting Van Halen to launching a tequila empire, The Red Rocker has done it all—and cashed in big-time. Sammy Hagar revealed his net worth as seen in a new video.

In a new interview with Classic Rock, Hagar revealed just how much he made from his Cabo Wahbo Tequila brand.

He said: “When the first offer came in at about $60m, that was for the whole thing, and you know, after taxes… I just thought, I love this company, it’s making a ton of money, more than I was making in Van Halen, ever. Why do I want to sell it? But then they said, ‘How much will it take?’ I told them and they just went, ‘Okay.’ If I’d have said no to $80m, somebody would have committed me to the hospital – like, he needs psychiatric treatment.”

He continued: “The thing is, I don’t do anything for money. I do it for the thrill of it. I know you’re gonna think, well, if I had your money I’d feel this way too, but I felt this way before I sold my tequila company. If you’re only in it for money, you’ll never be satisfied, because money does not satisfy you. It’s the trip – seeing something grow from a seed to a full-blown tree – that’s rewarding. A bunch of money in a bank is not fulfilling, unless you go count it every day.”

Hagar also revealed that he had no real need for more wealth and he was happy to give the most of the money away. Sammy added: “I already had everything. I already have a house in Hawaii, a house in Mexico, my main residence in California. I have five Ferraris, E-Type Jags and Aston Martins and old muscle cars. So when all that money came in I was like, Hmmm, what am I gonna do with this? So I gave millions and millions of dollars away to my family, I gave all my band members big bonuses, and I started a foundation to help kids.”