As of 2023, American rock musician and former Kiss guitarist, Ace Frehley, has an estimated net worth of $1 million. Despite being a co-founder of one of the most iconic rock bands, his net worth is considered low due to several financial setbacks throughout his career, including battles with addiction, legal issues, and bankruptcy.
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Summary of Ace Frehley Net Worth 2023
| Net Worth | Primary Source of Wealth | Year |
|---|---|---|
| $1 Million | Music (Kiss, Solo Career) | 2023 |
Detailed Breakdown of Ace Frehley Net Worth 2023
Ace Frehley’s net worth is attributed to his successful career in music, primarily as the lead guitarist of Kiss and his subsequent solo career. Despite earning significant income from album sales, concert tours, and merchandise, Frehley’s net worth has been impacted by a series of financial and personal setbacks.
You are reading: Ace Frehley Net Worth 2023: A Rock Icon’s Financial Struggles Revealed
- In 1982, he left Kiss and filed for bankruptcy due to unpaid debts.
- In 1991, he faced a $10 million lawsuit from his former manager.
- In 1999, he was sued by his former bandmates for $100 million.
- In 2008, he was sued by a hotel for $100,000 after allegedly causing damage to a room.
- In 2014, he faced a $1 million lawsuit for alleged assault.
Early Life and Career
Born on April 27th, 1951, in The Bronx, New York City, Paul Daniel Frehley, better known as Ace Frehley, started playing the electric guitar at a young age. Inspired by Jimi Hendrix, Buddy Guy, and Led Zeppelin, he honed his skills and eventually co-founded the rock band Kiss in 1973.
Who's ready? 🚍🚍🚍
➡️ https://t.co/Bijo7s8oZ2 pic.twitter.com/LAtu54JHaF
— Ace Frehley (@ace_frehley) February 1, 2022
Ace Frehley with KISS
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Frehley was the lead guitarist for Kiss from 1973 to 1982. Despite facing financial difficulties in the initial years, Kiss eventually became a global sensation, with Frehley contributing significantly to their success. During his time with Kiss, Frehley was earning around $500,000 per year by the early 1980s.
Solo Career
After leaving Kiss, Frehley embarked on a successful solo career. His eponymous solo album, released in 1978, was the most popular among the Kiss members and sold the most copies. His track “New York Groove” reached the Top 20 charts in the United States.
Financial Setbacks
Despite his successful career in music, Frehley’s net worth has been impacted by several financial setbacks. He has faced multiple lawsuits, filed for bankruptcy, and struggled with addiction. In 2013, his house was foreclosed after failing to pay $735,000 worth of mortgage payments and two years’ worth of property taxes.
Current Status
In recent years, Frehley has continued to work and earn money, touring extensively and releasing new music. His latest solo album was released in 2020. Despite these efforts, his net worth is not expected to see significant growth in the coming years.
Conclusion
Ace Frehley, despite being a member of one of the most successful rock bands of all time, has faced numerous challenges that have impacted his net worth. However, his influence on the rock music world and his status as one of the greatest rock guitarists of all time remain indisputable.
FAQs
1. What is Ace Frehley’s net worth in 2023?
Ace Frehley’s net worth in 2023 is estimated to be around $1 million.
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2. Why is Ace Frehley’s net worth considered low?
His net worth is considered low due to several financial setbacks, including bankruptcy, legal issues, and battles with addiction.
3. How much did Ace Frehley make with Kiss?
During his time with Kiss, Frehley was earning around $500,000 per year by the early 1980s.
4. What is Ace Frehley’s current source of income?
Frehley’s current source of income is from his solo career, which includes album sales, concert tours, and merchandise.
5. How many solo albums has Ace Frehley released?
As of 2023, Ace Frehley has released six solo albums.
Source: https://predictgov.com
Category: Net Worth
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