Ace Frehley Highest-Paid Guitarist in the World
- By Carol Kearney
- Washington
- Last updated on
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It's been a rough year for the guitarist, but at least he has his millions of dollars to ease the pain. 73-year-old Ace Frehley has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarists for 2024 with an estimated $96 million in combined earnings.
UPDATE 24/11/2024 : This story seems to be false. (read more)
Ace Frehley tops annual list of highest-paid guitarists
In 2022 it looked like the guitarist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (November 23) that Frehley is the highest-paid guitarist in the world, pulling in an astonishing $96 million between October 2023 and October 2024, a nearly $60 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American guitarist-musician has an estimated net worth of $275 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Frehley Burger” chain) in Washington, a Football Team (the “New York Angels”), has launched his own brand of Vodka (Pure Wonderfrehley - US), and is tackling the juniors market with a top-selling perfume (With Love from Ace) and a fashion line called “Ace Frehley Seduction”.
The ranking is significant for many Ace fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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