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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. 71-year-old Ace Frehley has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarist for 2022 with an estimated $96 million in combined earnings.
UPDATE 2022-07-01 : This story seems to be false.
Ace Frehley tops annual list of highest-paid guitaristes
In 2019 it looked like the guitarist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday, (June 27, 2022) that Frehley is the highest-paid guitarist in the world, pulling in an astonishing $96 million between August 2021 and August 2022, 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 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 “Olympia 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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