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Duff Mckagan Net Worth: Check Out His Stock Holding!

American musician Duff McKagan plays many instruments, sings, and writes songs.

McKagan has been the bassist for Guns N’ Roses for the past twelve years. In 2016, when the band was inducted into the Rock and Roll Hall of Fame, he rejoined them.

He put out a solo album called “Believe in Me” in 1993. He also made “Neurotic Outsiders,” which is a supergroup.

Duff McKagan is thought to be worth about $70 million as of August 2022.

Duff Mckagan Net Worth

According to Celebrity Net Worth, Duff McKagan, an American musician, and the author is worth $70 million. McKagan is best known as the bassist for the rock band Guns N’ Roses. He also played bass for a short time with the band Jane’s Addiction. At different times, he has also played with Velvet Revolver and Loaded. From 1985 to 1997, Duff was in the band Guns N’ Roses.

Duff Mckagan Net Worth
Duff Mckagan Net Worth

Four years after they were inducted into the Rock and Roll Hall of Fame, he joined them again in 2016. McKagan has made five albums with Guns N’ Roses, three with Loaded, two with Velvet Revolver, and two solo albums. He writes as well.

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It’s So Easy: And Other Lies,” Duff’s first book, came out in 2011. “How to Be a Man: (and other illusions),” his second book, came out in 2015. He has written columns for ESPN.com, SeattleWeekly.com, and Playboy.com that come out every week.

Duff Mckagan Early Life

Michael Andrew McKagan was born on February 5, 1964, in Seattle, Wash.

McKagan is the eighth and last child of Marie and Elmer McKagan. People often called him “Duff” when he was a child.

Duff Mckagan Early Life
Duff Mckagan Early Life

After his parents broke 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 said that punk bassists like Barry Adamson and Paul Simonon were his role models.

Duff Mckagan Instagram

He is very active on social media. He has 902k followers on Instagram.

 

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Duff Mckagan Career

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

He traveled to Los Angeles in 1983 and formed the band Road Crew with Slash and Steven Adler, who would subsequently join Guns N’ Roses.

A few years later, he joined Gun N’ Roses as the bassist alongside Axl Rose, Izzy Stradlin, Tracii Guns, and Rob Gardner. The band’s first performance was in 1985, and their debut album was released in 1987. While McKagan was with the band, Guns N’ Roses released the albums “G N’ R Lies,” “Use Your Illusion I,” “Use Your Illusion II,” and “The Spaghetti Incident?

Duff Mckagan Career
Duff Mckagan Career

In 1995, he joined Steve Jones, John Taylor, and Matt Sorum to form Neurotic Outsiders, a supergroup. The next year, they released an album entitled Neurotic Outsiders.

McKagan released a solo album titled “Believe in Me” in 1993. He embarked on a tour in support of the album, and he and Dez Cadena formed the band Loaded. The band created albums such as “Episode 1999: Live,”Dark Days,“Sick,” and “The Taking.

He joined Alice in Chains in 2006, and he joined Jane’s Addiction in 2010. Two years later, he went on tour with the Rock’ n’ Roll All Stars. He embarked on a tour with Gun N’ Roses in 2014.

By August 2022, Duff McKagan is expected to have a net worth of about $70 million.

How does he Spend His Money?

  • Duff McKagan invests his money in real estate and stocks.
  • McKagan has owned a number of residences in Los Angeles. In 1988, he purchased a 1,880-square-foot cottage in Studio City. Two years later, he purchased a 4,162-square-foot home in Hollywood Hills for $838,000. He also has a 6,760-square-foot property with seven bedrooms, 8.25 baths, and a swimming pool. In 1993, McKagan also purchased a home in Seattle. It cost him approximately $1,400,000.
  • In 1994, McKagan made his first stock market investment of $100,000. Since he was raised in Seattle, he selected three businesses there. He decided to purchase Starbucks, Amazon, and Microsoft stock. Over the years, Duff’s stock purchases and sales have been impeccable.

 

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Stock Holdings

As Duff’s body and mind healed, he utilized his financial knowledge to investigate Guns N’ Roses‘ income and losses. He rapidly realized that Guns N’ Roses’ finances were being handled better than those of many other bands of the same era, but that the group was losing a significant amount of money on tours to promote album sales.

He learned that going on tour was referred to as a “loss leader” because it increased CD sales. Duff was one of the first musicians to discover that he could significantly increase his income by selling tickets and merchandise. He also secured sponsors for the tour and initiated VIP sales packages and other revenue-generating activities for the band.

Each band member received an equal share of the band’s earnings. Since Duff was no longer spending his money on drugs and booze, he had a substantial amount of additional cash. In 1994, he made his initial $100,000 investment in the stock market. Since he was raised in Seattle, he selected three businesses there. He chose the following stocks:

  • Starbucks
  • Amazon
  • Microsoft

It is unclear how many shares he still holds, but if those were his FIRST investments, Duff has certainly been a savvy investor over the years.

 

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Highlights

  • 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 is Duff Mckagan’s Age?

Ans- He was born on February 5, 1964, making him 58 years old.

What is Duff Mckagan’s Height?

Ans- Duff McKagan’s height is 1.90 meters, or 6 feet 3 inches.

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