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Duff McKagan Net Worth

Emmy Wallin

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Duff McKagan Net Worth

What is Duff McKagan’s net worth? 

Net Worth:$70 Million
Age:57
Born:February 5, 1964
Country of Origin:United States of America
Source of Wealth:Musician
Last Updated:2021

Introduction 

Duff McKagan is an American multi-instrumentalist, singer, and songwriter.

McKagan is known for his twelve-year tenure as the bassist of the hard rock band Guns N’ Roses. He rejoined the band in 2016 following their induction into the Rock and Roll Hall of Fame.

In 1993, he released a solo album, ‘Belive in Me’, and formed the supergroup, Neurotic Outsiders. 

As of 2021, Duff McKagan’s net worth is estimated to be roughly $70 million. 

 

Early Life 

Michael Andrew McKagan was born on the 5th of February, 1964, in Seattle, Washington.

McKagan is the youngest of eight children born to Marie and Elmer McKagan. Growing up, he was often called “Duff”. 

Following his parent’s divorce, his mother supported the family by taking a job as a medical stenographer. In his autobiography, ‘It’s So Easy (And Other Lies), he said that he fashioned himself after punk bassists such as Barry Adamson and Paul Simonon.

 

Career 

In 1979, McKagan formed a punk band named the Vains.

In 1983, he moved to Los Angeles and formed the band Road Crew with future Guns N’ Roses bandmates Slash and Steven Adler after answering an ad in the newspaper.

A few years later, he became the bassist for the new band Gun N’ Roses which included Axl Rose, Izzy Stradlin, Tracii Guns, and Rob Gardner. The band had their first gig in 1985, and they released their debut album in 1987. While McKagan was in the band, Guns N’ Roses also released the albums ‘G N’ R Lies,’ ‘Use Your Illusion I,’ ‘Use Your Illusion II,’ and ‘The Spaghetti Incident?’ 

In 1995, he formed the Neurotic Outsiders supergroup with Steve Jones, John Taylor, and Matt Sorum, and they released a self-titled album the following year. 

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McKagan dropped his solo album ‘Believe in Me’ in 1993. He did a tour for the album and formed the band Loaded with Dez Cadena. The band released albums including ‘Episode 1999: Live’, ‘Dark Days,’ ‘Sick’ and ‘The Taking’. 

He joined Alice in Chains in 2006 and Jane’s Addiction in 2010. Two years later, he toured with the Rock N Roll All Stars. He played shows with Gun N’ Roses in 2014. 

As of 2021, Duff McKagan’s net worth is estimated to be roughly $70 million. 

 

How Does Duff McKagan Spend His Money? 

Duff McKagan spends his money on real estate and stocks. 

 

Duff McKagan’s Home 

McKagan has owned many homes in LA. In 1988, he purchased a 1,855 square foot cottage in Studio City, and two years later, he purchased a 4,162 square foot Hollywood Hills home for $838,000.

He also owns a 6,760 square foot mansion that includes seven bedrooms and 8.25 bathrooms. McKagan also bought a home in Seattle, which he paid nearly $1.4 million for in 1993.

 

Duff McKagan’s Other Purchases 

In 1994, McKagan decided to take $100,000 and invest in the stock market for the first time. He chose three Seattle companies since that’s where he grew up. The stocks he chose were Starbucks, Amazon, and Microsoft. Duff has been very wise with his stock investments over the decades.

 

Highlights

Here are some of 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) 

 

Favorite Quotes from Duff McKagan

“When I started going to business school, I started getting calls from my peers asking for my help. I thought, ‘Well, there are a lot of people like me who make a bunch of money and just get so scared of it and don’t know what to do with it.’ I just didn’t want to be 60 years old and broke.” – Duff McKagan

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“Not to name names, but a lot of pop female artists you see, they don’t write their own songs. Lot of top male artists and boy band artists, they don’t write their own songs. They’re just a product. They sell, they sell, they sell. They don’t care about musical integrity, any of that kind of stuff.” – Duff McKagan

“By the time Guns n’ Roses spent 28 months from 1991 to 1993 touring the ‘Use Your Illusion’ albums, the tour staff sometimes approached 100 people. We were carrying not only backup girl singers, a horn section, and an extra keyboard player, but also chiropractors, masseuses, a singing coach, and a tattoo artist.” – Duff McKagan

“People in Seattle – and I’m speaking from experience – are indoors more. It used to just rain a ton, and as a result, you’d be inside listening to music all the time and playing. You’d all rehearse at each other’s houses and share ideas. There was no competition. When I got to L.A., I was really stunned by the competition.” – Duff McKagan

“Back when I was single and Guns were on the ‘Illusions’ tour, chicks were, like, left and right. They were falling over themselves. And I saw the sadness in that. The first six months of that, it’s like, ‘Killer! Chicks are hot. They’re into me.’ And then you realize they’re not really into you. They’re into the guy they saw on the JumboTron.” – Duff McKagan

 

3 Life Lessons from Duff McKagan

Now that you know all about Duff McKagan’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him: 

 

1. Mass Produce 

You can’t mass produce somebody’s heart and soul. It’s a very delicate thing.

 

2. Modern World

It’s a modern world we live in, with everything at our fingertips, and if it’s not at our fingertips, you can dot-com anything. 

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3. Bro Code 

When you’re in a band, a marriage – whatever, it’s the same deal – there are many things that you see, and people trust you with information about their lives. Call it a ‘bro code’ or whatever you wanna call it, but there are certain things you do not tell.

 

Summary 

Duff McKagan is an American musician and writer best known for being the bass player for the band Guns N’ Roses.

McKagan was a member of the band from 1985 to 1997 and then re-joined the band in 2016. He has released five albums with Guns N’ Roses. McKagan is a writer and has penned weekly columns for ESPN.com, SeattleWeekly.com, and Playboy.com. 

As of 2021, Duff McKagan’s net worth is estimated to be roughly $70 million. 

What do you think about Duff McKagan’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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