Duff McKagan is an American musician who plays many instruments, sings, and writes songs.
McKagan has been the bassist for the hard rock band Guns N’ Roses for twelve years. After the band joined the Rock and Roll Hall of Fame in 2016, he joined them again.
In 1993, he released a solo album called “Believe in Me,” He also started a supergroup called “Neurotic Outsiders.”
As of August 2022, it is thought that Duff McKagan’s net worth is about $70 million.
Net Worth
American musician and author Duff McKagan has a net worth of $70 million. Most people know McKagan as the bass player for the rock band Guns N’ Roses. He also played bass for Jane’s Addiction for a short time. He has also played with Velvet Revolver and Loaded at different times. Duff was in Guns N’ Roses from 1985 to 1997.
He joined them again in 2016, four years after they were inducted into the Rock and Roll Hall of Fame. McKagan has released five albums with Guns N’ Roses, three with Loaded, two with Velvet Revolver, and two with solo albums. He is also a writer.
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Duff’s first book was “It’s So Easy: And Other Lies,” and it came out in 2011. His second book, “How to Be a Man: (and other illusions),” came out in 2015. He has written weekly columns for ESPN.com, SeattleWeekly.com, and Playboy.com.
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Early Life
Michael Andrew McKagan was born in Seattle, Washington, on February 5, 1964.
McKagan is the youngest of Marie and Elmer McKagan’s eight children. As a child, people often called him “Duff.”
After his parents split up, his mother got a job as a medical stenographer to help support the family. In his autobiography, “It’s So Easy (And Other Lies),” he wrote that he modeled himself after punk bassists like Barry Adamson and Paul Simonon.
Career
McKagan started a punk band called the Veins in 1979.
In 1983, he moved to Los Angeles and started the band Road Crew with Slash and Steven Adler, who would later become members of Guns N’ Roses.
A few years later, as the bassist, he joined Axl Rose, Izzy Stradlin, Tracii Guns, and Rob Gardner in the new band Gun N’ Roses. The band’s first show was in 1985, and their first album came out in 1987. Guns N’ Roses released the albums “G N’ R Lies,” “Use Your Illusion I,” “Use Your Illusion II,” and “The Spaghetti Incident?” while McKagan was in the band.
In 1995, he joined Steve Jones, John Taylor, and Matt Sorum to form the supergroup, Neurotic Outsiders. The following year, they put out an album called Neurotic Outsiders.
In 1993, McKagan released a solo album called “Believe in Me.” He went on tour for the album, and he and Dez Cadena started the band Loaded. Albums like “Episode 1999: Live,” “Dark Days,” “Sick,” and “The Taking” were made by the band.
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In 2006, he joined Alice in Chains, and in 2010, he joined Jane’s Addiction. He went on tour with the Rock’ n’ Roll All Stars two years later. In 2014, he went on tour with Gun N’ Roses.
By August 2022, Duff McKagan is expected to have a net worth of about $70 million.
Spend His Money
Duff McKagan invests his money in stocks and real estate.
The House of Duff McKagan
McKagan has owned several homes in Los Angeles. In 1988, he bought a cottage in Studio City that was 1 855 square feet. Two years later, he spent $838,000 on the house in Hollywood Hills 4 162 square feet.
He also owns a mansion that is 6,760 square feet and has seven bedrooms, 8.25 bathrooms, and a pool. McKagan also bought a house in Seattle in 1993. It cost him almost $1.4 million.
What Else Duff McKagan Bought
In 1994, McKagan decided to invest his first $100,000 in the stock market. Since he grew up in Seattle, he chose three companies there. He chose Starbucks, Amazon, and Microsoft as the stocks he would buy. Over the years, Duff has been brilliant about his bought and sold stocks.
Stock Holdings
As Duff’s body healed and his mind cleared, he used what he had learned about money to look into Guns N’ Roses’ profits and losses. He quickly figured out that Guns N’ Roses’ money was being handled better than many other bands of the same time but that the band was losing a lot of money on tours to promote album sales.
He discovered that going on tour was called a “loss leader” because it helped sell CDs. Duff was one of the first musicians to realize that he could flip that equation and make a lot more money by selling tickets and t-shirts. He also got sponsors for the tour and started VIP of sale packages and other things that made money for the band.
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Each band member got an equal amount of the money the band made. Now that Duff wasn’t spending his money on drugs and alcohol, he had a lot of extra cash. In 1994, he invested his first $100,000 in the stock market. Since he grew up in Seattle, he chose three companies there. He decided on these stocks:
- Starbucks
- Amazon
- Microsoft
It’s not clear how many shares he still owns today, but if those were his FIRST stock choices, Duff has likely been an astute investor over the years.
Other Ventures
McKagan was in the 1988 movie “The Dead Pool.” In 1997, he played a rocker vampire on the Fox show “Sliders.” In 1999, he was in the movie “Betty Blowtorch and Her Amazing True Life Adventures” and made the “Get Off” EP for Betty Blowtorch. In 2014, he played himself on the IFC show “Portlandia.
In 2011, Duff started a Meridian Rock company that helps musicians handle their money. “It’s So Easy (And Other Lies),” a documentary about McKagan, came out in 2015 from Rainstorm Entertainment. Along with the film’s director, Christopher Duddy, Duff is listed as one of the film’s writers.
Highlights
The best highlights of Duff McKagan’s career:
- Paradise City (Song, 1987)
- Patience (Song, 1987)
- Appetite for Destruction (Album, 1987)
- Dust N’ Bones (Song, 1991)
- November Rain (Song, 1991)
- Chip Away (Song, 2019)
Frequently Asked Questions
What Does Duff Mckagan Make?
It is thought that Duff McKagan has a net worth of $70 million.
What is Duff Mckagan’s Age?
Duff McKagan was born on February 5, 1964, making him 58.
What is Duff Mckagan’s Height?
Duff McKagan is 1.90 m tall, the same as 6 ft 3 in.
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