Gene Simmons Net Worth 2022 – How Did He Get Rich?

Gene Simmons Net Worth 

Gene Simmons has an estimated net worth of $400 million. Gene Simmons is best known as the bassist for KISS, the rock band he co-founded in the early 1970s. He earns most of his income from album sales, concerts and music streaming. 

Musician Gene Simmons decided in middle school that he wanted to play in a band after watching girls scream at the Beatles on television. He played in several bands before forming KISS with Paul Stanley in the 1970s. Simmons later turned his attention to fashion, publishing and acting, starring in the A&E reality show Gene Simmons Family Jewels TV.

To calculate the net worth of Gene Simmons, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Gene Simmons
Net Worth: $400 Million
Monthly Salary: $2 Million
Annual Income: $30 Million
Source of Wealth: Singer, Actor, Songwriter, Record producer, Entrepreneur, Musician, Television producer, Film Producer, Teacher, Guitarist

Early Life

Chaim Witz Simmons was born on August 25, 1949, in Haifa, Israel. Flora, his mother, was a Holocaust survivor from Hungary who watched her family perish in concentration camps when she was only 14 years old. Flora moved to Israel following the end of WWII. She met carpenter Yeichel Witz, who would eventually become Simmons’ father, there.

Yeichel and Flora’s marriage began to fall apart shortly after Simmons’ birth, primarily due to financial disagreements. Simmons’ parents eventually agreed to divorce, with Yeichel moving to Tel Aviv to look for work. Simmons would never see his father again, and the family would never reunite.

Simmons’ mother began raising him alone, and the family’s financial situation remained dire. Flora found work in a coffee shop and frequently left Simmons with babysitters. As a result, in order to communicate with caregivers, he quickly became fluent in Turkish, Hungarian, Hebrew, and Spanish.

Simmons and his mother immigrated to New York in 1958, when he was eight years old, to live with relatives in Flushing, Queens.

Simmons changed his name to Gene after entering the country because it was easier to pronounce, and he took his mother’s surname of Klein. He learned English quickly through comic books and television and enrolled in the Hasidic theological seminary, known as yeshiva, at the age of nine. While his mother worked at a button factory in Williamsburg, Brooklyn, he studied diligently.

Interest in Music

He transferred to a public school in Jackson Heights after a year at the yeshiva. It was during this time that he became interested in music. Simmons admits in his autobiography, Kiss and Make-up, that his musical interests arose while watching The Beatles on television one night. “Perhaps the girls will scream at me if I start a band,” he reasoned. So, while attending Joseph Pulitzer Middle School, Simmons and a couple of friends formed The Missing Links to attract the attention of their female classmates. The group, led by Simmons, won a school talent show and gave Simmons some notoriety.

This led to Simmons joining a number of bands, including Long Island Sounds and Bullfrong Bheer. Simmons aspired to stardom, but he also didn’t want to disappoint his mother, who urged him to complete his college education. Simmons went to Sullivan County Community College after high school to get his associate’s degree in education. After two years there, he returned to New York City to finish his bachelor’s degree at Richmond College.

Simmons’ bandmate and childhood friend Steve Coronel introduced Simmons to guitarist Stanley Eisen shortly after graduation in 1970. (later known as Paul Stanley). Stanley joined Simmons and Coronel’s band, Wicked Lester, and the group found success on the nightclub circuit.

But the band wasn’t making enough money, so Simmons worked briefly as a sixth-grade teacher in Spanish Harlem, followed by a job as an assistant at the Puerto Rican Interagency Council. Other odd jobs include working as a temp at the Kelly Agency, working as a deli cashier, working as an assistant at Glamour, and working as an assistant to editor Kate Lloyd at Vogue.

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Big Break

Wicked Lester got a lucky break after Stanley obtained the phone number of a studio engineer at Jimi Hendrix’s Electric Lady Studios. Instead of calling the engineer, Simmons called the studio’s head, Ron Johnsen.

Stanley persuaded Johnson to see the band perform, and after seeing the band’s promise, Johnson agreed to record and sell Wicked Lester’s demo tape. Meanwhile, Simmons and Stanley worked as session singers for artists such as Lynn Christopher and learned how to use recording equipment.

The group was discovered by Epic Records, who agreed to fund the recording of a full album with the help of Johnson. One of the conditions was that Stephen Coronel be replaced by session musician Ron Leejack. Simmons and Stanley agreed to the arrangement, and the new album took nearly a year to complete. However, once completed, Epic’s A&R director stated that he detested the album and refused to release it. The following day, the group was removed from Epic.

Forming KISS

Simmons and Stanley restructured the group, determined not to let the failure affect them. The first new member was drummer Peter Criss, who found the band through an advertisement in Rolling Stone. After responding to an ad in The Village Voice, their second new member, guitarist Paul “Ace” Frehley, was chosen. By December 1972, the band had established a strict practice regimen and renamed themselves KISS.

Simmons suggested that the group undergo a physical transformation as well, donning wild make-up and all-black clothing, inspired by his childhood obsession with comic books and horror films. Simmons later revealed that his bat-wing-patterned facial make-up, which he dubbed “The Demon,” was inspired by Marvel comic character Black Bolt.

Simmons also learned how to breathe fire for his performances with the help of a trainer. On January 30, 1973, the new group performed their first concert at the Popcorn Club in Queens, New York. The audience consisted of only three people.

After seeing the group perform, TV producer Bill Aucoin offered to become the band’s manager in October 1973. Simmons and his bandmates agreed on the condition that Aucoin secure a recording contract for the group within two weeks. Aucoin landed KISS a contract with Casablanca Records using a demo tape produced by legendary engineer Eddie Kramer, who had worked with Simmons and Stanley at Electric Lady Land.

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Commercial Success

Throughout the 1970s, the band toured almost nonstop and became famous for their outrageous stage antics. During this time, KISS developed a sizable cult following, with fans dubbed the “KISS Army” often imitating the band’s clothing and make-up.

Despite the fact that KISS toured frequently, they did not achieve widespread popularity until the release of their live album Alive! (1975). The album produced the band’s first hit single, “Rock and Roll All Nite,” which reached the Billboard Top 40.

Their next album, the ambitious Destroyer (1976), became their second gold record. The album was certified platinum following the release of the single “Beth,” which peaked at No. 7 on the charts. Later that year, the group released Rock and Roll Over, which was followed by 1977’s Love Gun and Alive II.

All three albums went platinum, and by the end of the year, KISS had been named America’s most popular band. KISS was also making waves on a global scale. They topped the charts in Japan, Canada, Sweden, and Germany, and broke The Beatles’ previous record of four sold-out shows at Japan’s Budokan Hall.

However, as the band progressed into the 1980s, tensions among the members began to rise. Criss had become increasingly obstinate, refusing to practice and even stopping songs in the middle of performances. Criss officially left the group in December 1979.

He was replaced after numerous auditions by musician Paul Caravello, who later went by the stage name Eric Carr. Frehley left KISS in 1982, dissatisfied with the band’s new musical direction. Frehley’s replacement, guitarist Vinne Vincent, did not get along with the band and was fired and re-hired several times before leaving permanently in 1984. He was eventually succeeded by guitarists Mark St. John and Bruce Kulick.

KISS Rocks On

Stanley, Simmons, Carr, and Kulick proved to be a creative match, and the group began releasing platinum albums such as Asylum in 1985, Crazy Nights in 1987, and Smashes, Thrashes & Hits in 1988. In 1983, the group began performing without make-up, relying less on flashy showmanship and more on substance.

Instead of focusing on a film career, Simmons struggled to maintain enthusiasm for the new incarnation of his band. His films, which included B-movies such as Runaway (1984) and Trick or Treat (1986), did not fare well at the box office. Simmons and his bandmates were dealt another blow when Carr was diagnosed with cancer. Carr died of cerebral hemorrhaging in 1991, after battling the disease for several years.

In the midst of their grief, KISS rallied, hiring new drummer Eric Singer, and released Revenge in 1992. The album was certified gold and charted in the Billboard Top 10. While KISS’s most recent incarnation continued to record and tour, Simmons and Stanley organized a reunion tour of the original members in 1996. KISS was the top concert act in 1996, with over $43.6 million in revenue from performances with the original group in full make-up and costume.

Later Projects

However, by this time, Simmons was preoccupied with other pursuits such as publishing, fashion, and acting. The original foursome released the album Psycho Circus in 1998, their first album in nearly 20 years.

However, the original lineup was reformed, with Tommy Thayer replacing Frehley on lead guitar and Eric Singer replacing Peter Criss on drums. Throughout the last decade, the reformed band toured. Then, in 2009, Stanley and Simmons announced that the original KISS would resume touring and releasing new music. Sonic Boom was released in stores in October 2009. The band is currently on a farewell tour.

Personal Life

Simmons has had romantic relationships with Liza Minnelli, Cher, and Diana Ross, but he has been living with actress and former Playboy playmate Shannon Tweed since the mid-1980s. The couple has two children: Nick, a son, and Sophie, a daughter.

With the show Gene Simmons Family Jewels on the A&E television network in 2006, the family made the transition to reality television. From Tweed and Simmons getting cosmetic surgery together to Simmons managing Nick’s band, each episode featured a different family adventure. The show aired for six seasons, with season six featuring Simmons and Tweed’s wedding on October 1, 2011, in Beverly Hills, California.

Further Reading

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How To Become Rich Like Gene Simmons?

Gene Simmons did not become rich by luck. To become as rich as Gene Simmons, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Gene Simmons one day.

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