Duff McKagan is a well-known American musician who can perform on a wide variety of instruments, sing, and compose music.
Twelve years ago, McKagan joined Guns N’ Roses as the bassist for the band. They reformed after being inducted into the Rock and Roll Hall of Fame in 2016, and he returned at that time.
His first solo album, titled “Believe in Me,” was released in 1993. Additionally, he formed the supergroup Neurotic Outsiders.
Duff McKagan is estimated to have a net worth of $70 million as of August 2022.
Duff Mckagan Net Worth
According to wealthygorilla Duff McKagan is a successful American musician and author, who is worth $70 million. McKagan is best known as the bassist for the band Guns N’ Roses. Additionally, he was Jane’s Addiction’s bass player for a brief period of time. He has also occasionally performed with Velvet Revolver and Loaded. From 1985 until their breakup in 1997, Duff was a member of Guns N’ Roses.
In 2016, four years after they were inducted into the Rock and Roll Hall of Fame, he returned to play with them. McKagan has put out a total of nine albums: five with Guns N’ Roses, three with Loaded, two with Velvet Revolver, and two solo efforts. He also dabbles in the written word.
Released in 2011, “It’s So Easy: And Other Lies” was Duff’s debut novel. In 2015, he published his second book, titled “How to Be a Man: (and other illusions)”. Regular columns have been written by him for ESPN.com, SeattleWeekly.com, and Playboy.com.
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Early Life of Duff McKagan
On 2/5/64, Michael Andrew McKagan entered the world in Seattle, Washington.
McKagan is the youngest of eight kids born to Marie and Elmer McKagan. When he was young, he was frequently referred to as “Duff.”
His parents divorced, and his mom had to find work as a medical stenographer to make ends meet. He modeled himself after punk bassists like Barry Adamson and Paul Simonon, he wrote in his autobiography “It’s So Easy (And Other Lies).”
Career
In 1979, McKagan formed the Veins, a punk band. After relocating to Los Angeles in 1983, he formed the band Road Crew with future Guns N’ Roses members Slash and Steven Adler.
Axl Rose, Izzy Stradlin, Tracii Guns, and Rob Gardner formed Gun N’ Roses a few years later, and he joined the band as a bassist. The group performed live for the first time in 1985, and their debut album hit shelves two years later. During McKagan’s time with Guns N’ Roses, the group’s albums “G N’ R Lies,” “Use Your Illusion I,” “Use Your Illusion II,” and “The Spaghetti Incident?” was released.
The career of Duff McKagan
In 1979, McKagan formed the Veins, a punk band. After relocating to Los Angeles in 1983, he formed the band Road Crew with future Guns N’ Roses members Slash and Steven Adler.
Axl Rose, Izzy Stradlin, Tracii Guns, and Rob Gardner formed Gun N’ Roses a few years later, and he joined the band as a bassist. The group performed live for the first time in 1985, and their debut album hit shelves two years later. During McKagan’s time with Guns N’ Roses, the group’s albums “G N’ R Lies,” “Use Your Illusion I,” “Use Your Illusion II,” and “The Spaghetti Incident?” was released.
He became a member of the supergroup Neurotic Outsiders alongside Steve Jones, John Taylor, and Matt Sorum in 1995. In 2010, they released an album titled Neurotic Outsiders.
McKagan’s solo debut was 1993’s “Believe in Me.” Following the album’s release, he embarked on a tour and, along with Dez Cadena, formed the band Loaded. Episode 1999: Live, Dark Days, Sick, and The Taking are just some of the albums released by the band.
His first band was Alice in Chains, which he joined in 2006, and then in 2010, he switched to Jane’s Addiction. Two years later, he embarked on a tour with the Rock n’ Roll All Stars. He joined Gun N’ Roses on tour that year (2014).
Duff McKagan’s fortune is predicted to reach $70 million by August 2022.
The House of Duff McKagan
McKagan is no stranger to the Los Angeles real estate market, having owned multiple properties there. He purchased a small house in Studio City that was 1,855 square feet back in 1988. After waiting for another two years, he finally dropped $838k on a 4,162-square-foot home in the Hollywood Hills.
The mansion he owns is 6,760 square feet, and it features seven bedrooms, 8.25 bathrooms, a pool, and a tennis court. In 1993, McKagan also purchased a home in the Seattle area. He lost nearly $1.4 million as a result.
The Rest of Duff Mckagan’s Shopping Cart
McKagan put his first $100,000 into the stock market back in 1994. He applied to three Seattle-based businesses because that’s where he grew up. He decided to invest in Starbucks, Amazon, and Microsoft. Duff’s stock-buying and -selling acumen has only grown over the years.
Stock Portfolio
Duff put his newfound knowledge of finance to use as his health improved so that he could investigate Guns N’ Roses’ financial standing. In a short amount of time, he realized that while Guns N’ Roses’ finances were being handled better than those of many other bands at the time, the group was still losing a significant amount of money on tours intended to boost album sales.
He learned that the tour was considered a “loss leader” because it boosted CD sales but cost money. Duff was ahead of his time when he realized he could significantly increase his income by selling concert tickets and memorabilia. He also secured tour sponsors, launched VIP ticket packages, and developed other revenue streams for the group.
The profit made by the band was split evenly amongst the members. Duff’s financial situation improved dramatically once he stopped buying liquor and drugs. He put his first $100,000 into the stock market in 1994. He applied to three Seattle-based businesses because that’s where he grew up. And he settled on the following stocks:
- Starbucks
- Amazon
- Microsoft
However, if those were Duff’s VERY FIRST stock choices, he has likely proven to be a wise investor over the years, even if it is unclear how many shares he still owns today.
Alternate Efforts
McKagan appeared in “The Dead Pool” in 1988. On the Fox show “Sliders,” from 1997, he portrayed a rock star vampire. He starred in 1999’s “Betty Blowtorch and Her Amazing True Life Adventures” and contributed to Betty Blowtorch’s “Get Off” EP. On the IFC comedy series Portlandia, in which he made a cameo appearance in 2014, he portrayed himself.
Duff established a financial management firm for musicians in the Meridian Rock area in 2011. 2015 saw the release of Rainstorm Entertainment’s documentary “It’s So Easy (And Other Lies),” which focused on McKagan. Duff is credited for writing the film alongside Christopher Duddy, who also served as the director.
Frequently Asked Questions
Just how old is Duff McKagan?
Duff McKagan is 58 years old, having entered the world on February 5, 1964.
How tall is Duff McKagan?
Duff McKagan is 6 feet and 3 inches tall, or 1.90 meters.
