How Much Is Musician & Actor Gene Simmons’ Net Worth?
Gene Simmons, an Israeli-American musician, singer, and actor is famous as the co-founding member of the rock band Kiss. Since the band’s formation in 1973, Simmons has released 20 studio albums till date with the band, recording over 100 million sales worldwide.
As of May 2022, the musician and singer owns the net worth of $450 million; the major source of Simmons’ income is albums sales & tours.
For a fact, Simmons’ band has never been a hit with music critics, though has summed up a massive fortune, resulted in from sales of licensed products, i.e. merchandise.
How Much Is Gene Simmons’ Net Worth in 2020?
As of 2020, Gene owns a net worth of $350 million. Considering the fact that Gene’s total fortune in 2019 was also $350 million, his wealth does not seem to have seen much improvement in a year time. Anyway, his present net worth is already a huge amount.
Fortune Build-Up: Income Sources & Earnings
According to Celebrity Net Worth, Gene Simmons has an estimated net worth of $350 million as of August 2019. While The Richest in 2018, claimed his fortune to be $300 million.
The road to Simmons’ massive fortune started after, he alongside Paul Stanley, Peter Criss, and Ace Frehley formed a rock band Kiss in January 1973.
Famed for face paint and stage outfits, the Kiss band members made their album debut Kiss on February 18, 1974, and became Gold certified by RIAA.
Till date, Simmons alongside the rock band made over 100 million sales worldwide, from the release of 20 studio albums.
Some of the famous Platinum-certified albums of Gene Simmons are Destroyer, Rock, and Roll Over, Dynasty, Animalize and Crazy Nights.
Moreover, Simmons’ tour & ticket sales earned him and his band, massive revenue. Their highest-grossing tour was Alive/Worldwide Tour (1996-1997) which collected $143.7 million.
Most often Gene Simmon’s fortune is compared with other famous music figures like Axl Rose ($200 million), Dave Grohl ($280 million) and James Hetfield ($300 million).
Net Worth of Current Band Members
- Paul Stanley- $150 million
- Eric Singer- $15 million
- Tommy Thayer- $10 million
Albums & Certification
|Kiss (released on February 18, 1974)||Gold by RIAA|
|Hotter Than Hell (released on October 22, 1974)||Gold certification|
|Dressed to Kill (March 19, 1975)||Gold by RIAA|
|Destroyer (March 15, 1976)||2-time Platinum|
|Rock and Roll Over (November 11, 1976)||Platinum by RIAA|
|Love Gun (June 30, 1977)||Platinum by RIAA|
|Dynasty (May 23, 1979)||Platinum by RIAA|
|Unmasked (May 20, 1980)||Gold by RIAA|
|Music from “The Elder” (November 16, 1981)||375,000 copies sold in US|
|Creatures of the Night (October 28, 1982)||Gold certification by RIAA|
|Lick It Up (September 18, 1983)||Platinum by RIAA|
|Animalize (September 13, 1984)||Platinum by RIAA|
|Asylum (September 16, 1985)||Gold by RIAA|
|Crazy Nights (September 18, 1987)||Platinum certification|
|Hot in the Shade (October 17, 1989)||Gold Certification|
|Revenge (May 19, 1992)||Gold by RIAA|
|Carnival of Souls (October 28, 1997)||181,000 copies sold in US|
|Psycho Circus (September 22, 1998)||Gold certified|
|Sonic Boom (October 6, 2009)||325,000 copies|
|Monster (October 9, 2012)||200,000 copies sold in US|
Earnings From Tours & Royalties
- Revenue in 1977- $10.2 million
- Income From Royalties (1976-1978)- $17.7 million
- Revenue From Merchandise & Tours (1977-1979)- $100 million
- Salary from WCW Monday Nitro for one night (February 1999)– $500,000
- Highest-Grossing Tour Alive/Worldwide Tour (1996-1997)- $143.7 million
Did you know? The band Kiss announced that they would be ending their career after End of the Road World Tour (January 31, 2019- December 19, 2019). The tour is expected to gross between $150 million and $200 million.
Endorsements & Social Media Earnings
Gene Simmons’ lone endorsement deal is yet to be out, though once appeared as a private partner to B.C.-based medical cannabis firm in July 2018.
Along with his band Kiss, the American singer & musician made a massive fortune with sales of licensed products. Moreover, the band reportedly has 5,000 different items of merchandise including T-Shirts, comic books, and Halloween costumes.
In addition to that, they also own a coffee shop and a golf course.
Apart from these, Gene Simmons can call a massive sum through social media. He is an avid user of Instagram and Twitter; has over 454K and 868K followers as of August 2019.
Online source cites that Simmons’ Instagram can earn him $1,356 – $2,260 per sponsored post.
Expensive Mansions, Cars & Lifestyle
Currently, the American musician lives in his Beverly Hills house in Los Angeles for over 20 years. Sources cite that Simmons’ 16,500 sq. ft. mansion boasting 8 rooms is estimated to have a value of £25 million and £40 million.
Back in February 2018, Gene Simmons featured his Beverly Hills house in a YouTube video. Check it out:
Surely, the multi-millionaire figure does have other collection of assets, though, prefers to keep it confidential.
As per The Richest’s report in 2013, the value of his 1970 Volkswagen Beetle was $10,000.
Without a doubt, Gene Simmons can own luxurious cars like Porsche, Jaguar, Audi, Aston Martin & many more, though is yet to publically announce his car collection.
Over the years, while off-stage, Simmons is seen with his casual but costly suits and seems to have huge expenses on daily life luxury. Of course, the co-founder and co-vocalist of the Kiss enjoy a lavish lifestyle.
Tax Payments & Insurance
Yet, Gene Simmons has not talked about his insurance or exact payments on tax, though it an easy guess that it’s worth a thick money.
Since, the American singer lives in Beverly Hills, LA, his property tax calls in 0.793% of its assessed value as property tax, along with an insurance premium of $1,360 per year.
Also, the income tax cuts off $5.15 million as income tax upon the yearly revenue of $10 million.
Active In Charity Works
Well, the Kiss bassist has active participation in charity works and attends many fundraising events.
Sources cite that he has associations with many non-profit organizations like Elizabeth Glaser Pediatric AIDS Foundation, Kids Wish Network, MATTER, Mending Kids International and Tower Cancer Research Foundation, supported by celebrities like Hugh Jackman, Demi Lovato, Halle Berry, and many others.
Back in 2001, he appeared in Who Wants To Be a Millionaire? and won $32,000 for charity.
Then in 2008, Gene appeared in Are You Smarter Than a 5th Grader? and The Celebrity Apprentic; he donated his prize of $500,000 and $20,000 respectively Elizabeth Glaser Pediatric AIDS Foundation.
Gene Simmons’ Personal Life: Age, Height, Family, Wife & Children
Simmons was born Chaim Witz on August 25, 1949, in Tirat Carmel, Israel, to father Feri Witz and mother Florence Klein. When Gene was 6, his father abandoned the family and had 4 children from other marriage.
Raised by a single mother, Simmons (was 8 years old) and his mother immigrated to the US and settled in New York. There, he attended public schools followed by his enrollment in Richmond College and Sullivan County Community College.
Well, influenced with the late singer Jumpin’ Gene Simmons, Chaim later changed his name to Gene Simmons. Before his music career took flight with the band Kiss, he used to work as an assistant for an editor at Vogue magazine.
Gene Simmons holds American nationality and is of Jewish ethnic background.
Father Of 2 Children: Married Life, Wife & Relationship
Well, the bassist for the rock band Kiss, Gene Simmons is a happily married man and enjoys blissful relationship with his wife Shannon Tweed, a Canadian actress.
The duo began dating in 1983 and began to live together since 1986, however, married after 28 years. Simmons and Shannon married on October 1, 2011, at the Beverly Hills Hotel and is together ever since.
Together, the couple shares 2 children together: Nick (born on January 22, 1989), and a daughter, Sophie (July 7, 1992).
Relationship History & Lawsuit
Well, Simmons does have a record of his failed relationship in the past, he dated American singer Cher and also had brief relationship with singer Diana Ross.
Back in 2005, Gene Simmons made a highlight after his former girlfriend Georgeann Walsh Ward filed a defamation lawsuit against the musician.
She reported that Simmons defamed her using the portrayal of “unchaste woman” in Vh1 documentary When Kiss Ruled the World. Later, in June 2006, the issue was settled.
Age & Height
As of May 2022, Gene Simmons’ age is 70 and has a height of 6 ft. 2 inches (188 cm).