Gene Simmons is a living icon in the world of rock and roll in the United States. His stage moniker is “The Demon”; he was born in Haifa, Israel. As of 2022, Gene Simmons’ net worth is estimated to be $400 million.
But how did he make his money?
The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate.
Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate. And that’s great for them! Not so much for us…
See, more millionaires are created during recessions than any other part of the economic cycle. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000.
Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. So how does the everyday person start building a massive net worth in an economy like this one?
But for now, let’s dig in a little more about Gene Simmons…
74 years old
August 25, 1949
Country of Origin:
Source of Wealth
American Singer, Actor, Songwriter, Record producer, Entrepreneur, Musician, Television producer, Film Producer, Teacher, Guitarist
Rock & roll icon Gene Simmons is worth an estimated $400 million. In the late 1970s and early 1990s, the rock band Kiss was one of the most popular bands in the world, with over 100 million albums sold worldwide as of this writing.
Despite Gene’s great record and tour numbers, the majority of his current money comes from band’s licensing deals and arrangements. Over 5,000 distinct goods have been licensed to use Kiss-related trademarks, iconography, and other intellectual property, from pinball machines to lunch boxes to condoms to board games to lighters to comic books to coffins.
Since the 1970s, licensing payments for the brand have totaled more than $1 billion. Gene Simmons with his co-lead singer and co-founder Paul Stanley now control the Kiss band.
Other Kiss members are paid to perform. According to Gene’s claims, Kiss generates about $100 million a year from touring, merchandising, and licensing agreements.
He was born Chaim Witz in Haifa, Israel, on August 25, 1949; he is most known for his work with the Kiss band. He was the son of a carpenter named Ferenc Yehiel Witz and his wife, Florence Klein.
As soon as Chaim Witz arrived in the United States, he changed his identity to Eugene Klein. As a result of seeing The Beatles perform live on the Ed Sullivan show, he developed a lifelong passion for music.
Lynx, subsequently renamed Missing Links, was Eugene’s first band while he was a high school senior. Simmons joined The Long Island Sounds after his experience with the Missing Links.
Prior to going on to receive his degree in education from Richmond College, Gene briefly studied at Sullivan County Community College. When Simmons graduated from college, he served as a personal assistant to the editor of Vogue and Glamour magazines, as well as a high school teacher in Spanish Harlem.
That’s when “Jumpin’ Gene Simmons” renamed him Gene Simmons in honor of the legendary rockabilly musician. New band Bullfrog Bheer recorded Leeta as their first demo.
Simmons lived with Cher & Diana Ross, but his relationship with Shannon Tweed has been going on for over 20 years. Since 1986, the bassist’s principal house has been a 16,500-square-foot Beverly Hills home that sits on nearly two acres of the most precious property in the world.
Kiss bassist Gene Simmons met Stanley Eisen while posing as Gene Simmons (A.K.A Paul Stanley). As a result of their mutual decision to work together, the band “Wicked Lester” was born.
Because of an advertising in Rolling Stone, they approached drummer Peter Criss about joining the band. Paul Frehley, the band’s lead guitarist, would join them soon (aka Ace Frehley).
“Kiss” was now ready to take on the world, and the stage was prepared. Instead of using make-up to enhance their femininity, they turned to it as a creative outlet. The song “Kiss” rapidly gained a cult following.
A self-titled debut album was issued in February 1974 by the band. Their wide range of products owed a lot to Simmons. One of the most well-known facts about Kiss’ live performances was that they were spectacular.
The band’s members began to feel shackled by one another after five highly successful years. Their solo studio albums were being recorded at the same time, so they went their own ways to record them.
When he started working in Hollywood in 1984, he also set up his own record company (Simmons Recording). In 1992, Kiss released their album Revenge, which would serve as a sort of revenge record.
Psycho Circus, the band’s second album, was released in 1998. Tommy Thayer has replaced Ace Frehley on lead guitar and Eric Singer has replaced Peter Criss on drums in the band’s reformed lineup since then.
Detroit Rock City, a documentary about the band Kiss, was co-produced by Simmons in 1999. With Kiss, Simmons made it big in the music industry, but he’s since branched out into reality television and other shows like Extract Joe Adler, Rock School and Gene Simmons family Jewels.
Gene Simmons Success Clues
One: Having a tough childhood is a big opportunity to shine.
Two: Always live your life everyday to the fullest.
Three: Failure means nothing because it’s a stepping stone to success.
Featured Gene Simmons Best Quotes Of All Time! Quotes
"I fail all of the time. It means nothing."
"I don't wait for the calendar to figure out when I should live life."
"I like to approach every day like it's the only day I will ever have."
"Life is too short to have anything but delusional notions about yourself."
"Marriage is an institution, and you must be fully committed to it."
"Live and think like a poor man and you'll always be OK."
"I work for everything I've got. I started off as a very poor kid. I want to get paid."
Gene Simmons Events
Gene Simmons is an American rock and roll icon who is still alive. “The Demon” is his stage name.
Kiss was one of the most popular rock bands in the world in the late 1970s and early 1990s. Even though Gene has sold a lot of records and been on a lot of tours, most of his money right now comes from licensing deals and arrangements with his band.
Simmons helped make a film about the band Kiss in 1999 called Detroit Rock City. Simmons became famous in the music business, but he has since moved on to other things like reality TV and other shows.
Genes Simmons’ net worth as of 2022 is approximately $400 million.
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