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Duff McKagan Net Worth:
|Net Worth:||$70 Million|
|Date of Birth:||Feb 5, 1964 (58 years old)|
|Height:||6 ft 2 in (1.9 m)|
|Profession:||Songwriter, Musician, Bassist, Guitarist|
|Nationality:||United States of America|
Duff McKagan Net Worth: Duff McKagan is an American musician and writer with a net worth of $70 million. McKagan is well-known for his role as the bass player of the band Guns N’ ‘ Roses. He also played briefly as a bassist in Jane’s Addiction, and at various times has been in the group’s Velvet Revolver and Loaded. Duff was part of Guns N’Roses from 1985 until 1997 and then rejoined the band in the year 2016, just four years after they were admitted into the Rock and Roll Hall of Fame. McKagan recorded five albums as Guns N’ Roses as well as three albums with Loaded Two together with Velvet Revolver, and two solo albums. McKagan is also a journalist and has written regular columns on ESPN.com, SeattleWeekly.com, and Playboy.com. Duff published his debut book, “It’s So Easy: and Other Lies” in the year 2011. He was followed by “How to Be a Man: (and other illusions)” in 2015.
Early years of his life
Duff McKagan was born Michael Andrew McKagan on February 5th, 1964 in Seattle, Washington. He was raised in Seattle’s University District with mother Marie as well as father Elmer and seven other siblings. McKagan has had the name “Duff” since the age of a toddler. When his parents divorced, Marie began working as a medical stenographer in order to help the family. His brother Bruce taught him to play the bass and he developed his abilities by playing The Black Flag’s “Damaged” album as well as Prince’s “1999” album. McKagan was a student at Roosevelt High School, but the school closed in his sophomore year. He then was employed by The Great American Food and Beverage Company as the pastry chef as earning his GED. Roosevelt High School awarded him an honorary diploma in 2012 after the school’s graduation ceremony.
Music Career The year 1979 was the year Duff formed a punk group known as the Veins. later, he played in the bands The Living, the Fastbacks as well as The Fartz (later known as 10 Minute Warning). He relocated to Los Angeles in 1983, and then he founded the group Road Crew with future Guns N’Roses bandmates Slash as well as Steven Adler after answering an advertisement in the paper. in 1985 McKagan joined the group as the lead bass player. group Guns N’ Roses comprising Axl Rose Izzy Stradlin, Tracii Guns as well as Rob Gardner, and two months later, Adler and Slash joined the band after Gardner and Guns had left. The group performed their first concert in June 1985 at the Troubadour within two rehearsal days. Guns N’ Roses debuted their first album “Appetite for Destruction” in 1987. it would go on to become the top-selling debut album ever with sales of over 28, million units. While Duff was part of the group Guns N’ Roses also released albums “G N R Lies” (1988), “Use Your Illusion I” (1991), “Use Your Illusion II” (1991), and “The Spaghetti Incident?” (1993).
in 1995 McKagan was the founding member of the Neurotic Outsiders group with Steve Jones, John Taylor along Matt Sorum, and they released their self-titled album in 1996. They disbanded in the year following. Duff quit The Guns N”Roses in the month of August 1997, just after the birth of his first baby. The singer returned to Seattle and reunited with 10 Minute Warning, releasing an album titled “self-titled” in 1998. McKagan released his debut solo record “Believe In Me” in 1993. the follow-up album “Beautiful Disease” was set to be released in 1999, however, Duff was removed from his label following the merger of Interscope Records and Geffen Records which resulted in the loss of the rights to commercially release his album. He did a tour in support of the album, but he also formed the group Loaded together with Dez Cadena Michael Barragan, and Taz Bentley to tour with him. There have been a variety of versions of Loaded through the years and the group has released four albums “Episode 1999 Live” (1999), “Dark Days” (2001), “Sick” (2009) as well as “The taking” (2011).
in 2002 Duff, Slash, Matt Sorum, Dave Kushner along Scott Weiland teamed up to form Velvet Revolver, and their debut album, “Contraband,” earned three Grammy nominations. They followed the great success that was “Contraband” in 2007 with “Libertad,” and the group dissolved after Scott Weiland quit in the year 2008. McKagan was briefly a part of Alice in Chains in 2006 and Jane’s Addiction in 2010, and in 2012, he performed as part of his band the Rock N Roll All-Stars that later came to be popularly known under the name of Kings Of Chaos. McKagan performed a handful of shows with Guns N’ ‘ Roses in 2014 before returning with the band to perform at Coachella in 2016 and then embarking with The Not in This Lifetime… Tour. Duff released his own record “Tenderness” in the year 2019.
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McKagan appeared in the 1988 film “The Dead Pool” and was a guest in”Sliders,” a Fox show “Sliders” as a vampire rocker in 1997, and on IFC’s “Portlandia” as himself in 2014. The year 1999 was the time he was part of the “Betty Blowtorch and Her Amazing True Life Adventures” documentary “Betty Blowtorch and Her Amazing True Life Adventures” and was the producer of”Get Off,” the Betty Blowtorch EP “Get Off.” The year was 2011. Duff created a wealth administration company that serves music artists called Meridian Rock. The year 2015 saw Rainstorm Entertainment release a documentary on McKagan named “It’s So Simple (And Other Lies).” Duff is listed as being one of the film’s authors as well as the director Christopher Duddy.
Duff was married to Mandy Brixx on May 28th in 1988. The couple divorced in April of 1990, and he then wed Linda Johnson in September 1992. McKagan and Johnson separated three years later He then proceeded to wed Susan Holmes on August 28, 1999. The couple welcomed their daughters Grace as well as Mae in July 1997 and August 1997 respectively.
The year 1994 was the time that Duff received treatment at Seattle’s Northwest Hospital and Medical Center as his pancreas began to swell and began leaking digesting enzymes to his body as a result of acute pancreatitis triggered by alcohol. McKagan who was just 30 and a half years old, had been told that he could be dead in the next month if did not stop drinking alcohol. In a 2005 interview Duff admitted that he would consume “one gallon of vodka every daily,” and he credits the sport of mountain biking and martial arts for helping him remain sober.
The year 1994 was the time that McKagan took a class at Santa Monica Community College in order to complete an accounting course. later, he took classes at Seattle Central Community College and Seattle University’s Albers School of Business and Economics.
As the body came back and his head was cleared Duff utilized his newly acquired understanding of finance to conduct deep dives into Guns N’ Roses ‘ profits and losses. Duff quickly realized that Guns N’Roses was well-managed with regard to its finances, in contrast to the other contemporary bands, however, it was losing money while touring to increase sales of albums. It was discovered that touring was seen as to be a “loss manager” to make money from CDs. Duff was among the first musicians to recognize that he could change the equation and make more money from selling tickets and T-shirts. He also obtained tour sponsors and began selling VIP packages as well as other products that brought pure profits for the band.
Each member of the band was entitled to an equal share of the profits of the band. Since he was not spending his cash on alcohol or substances, Duff found himself with an extra sum of cash sitting around. In 1994, he decided to invest $100,000 in the stock market for the very first time. He selected three Seattle companies because it was where he grew up. The stocks he picked:
It’s not entirely clear the number of shares Duff has today, or even if he owns there are any, but if these were his first choices in stock It’s likely the possibility that Duff has been extremely prudent when it comes to his investments in stock over the years.
Awards and Nominations McKagan was part of Guns N’ ‘ Roses and the group received nominations for 4 Grammy Awards, four BRIT Awards as well as the six Denmark GAFFA Awards. The group has received the group eight American Music Award nominations, receiving Favorite Pop/Rock Single for “Sweet Child of Mine” in 1989, Favorite Heavy Metal/Hard Rock Album for “Appetite for Destruction” in 1990 as well as Favorite Metallic/Hard Rock Artist in the years 1990 and 1992. They also received the “Billboard” Music Award for the Top New Pop Artist in 1988 as well as a “Billboard” Touring Award for the Top Concert/Top Draw to their Not in This Lifetime… Tour in 2017, World Music Awards for the World’s Top-Selling Rock Artist of the Year and Hard Rock Musician of the Year, World’s Best Group in 1993 as well as the Ticketmaster The Touring Milestone Award in conjunction with their Not in This Lifetime… Tour in 2019.
Guns N’Roses also received the following MTV Video Music Awards: Best New Artist in the video to “Welcome to Jungle” (1988) the Best Heavy Metal Video for “Sweet Child O Mine” (1989) as well as The Best Cinematography of a Film to “November Rain” (1992) and for “November Rain” (1992), and the Video Vanguard Award (1992). With Velvet Revolver, Duff won a Grammy for Best Hard Rock Performance for “Slither” in 2005 and a Kerrang! Award for Best International Newcomer in 2004.
McKagan has owned several houses located in Los Angeles. He bought a home in 1988. spent $425,000 for a 1,855 sq foot home located in Studio City, and two years later, he bought an area of 4,162 square feet Hollywood Hills home for $838,000. He purchased the $1.5 million home in Agoura Hills. He then sold the property to a buyer for $2.475 million by 2004. in 2003 Duff bought $960,000 of the Studio City home that he turned around and was sold to a buyer for $1.6 million by 2005 and then four years later, Duff bought a Sherman Oaks home for $2.975 million. The home was put up for sale at $3.85 million at the end of 2017 and also owns a $4.7 million house, which is 6,760 square feet and has seven bedrooms and 8.25 bathrooms. McKagan also purchased a property in Seattle that he bought for almost $1.4 million in 1993.
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