Gene Simmons is an American musician. He was the bassist and co-lead singer of the hard rock band Kiss, which he co-founded with Paul Stanley, Ace Frehley, and Peter Criss in the early 1970s until their retirement in 2023, also known by his stage moniker “The Demon”. Simmons was inducted into the Rock & Roll Hall of Fame in 2014 as a Kiss member.
What is Gene Simmons’ Net Worth?
Gene Simmons, an American rock and roll legend, has a net worth of $400 million. Gene Simmons is best known as a co-founder of the band Kiss, which was immensely popular in the late 1970s and 1990s, selling more than 100 million records worldwide as of this writing.
Simmons was inducted into the Rock & Roll Hall of Fame in 2014 for his work with Kiss. Despite his stellar record and touring statistics, the majority of Gene’s current money stems from Kiss licensing arrangements.
Kiss-related trademarks, iconography, and other intellectual property have been licensed for more than 5,000 goods, including pinball machines, lunch boxes, condoms, board games, lighters, comic books, and even coffins. Since the 1970s, the brand has produced more than $1 billion in licensing fees.
Related: Get Ready to Know the Net Worth of Congresswoman Ilhan Omar!
Today, Gene and his bandmate Paul Stanley co-own Kiss. Everyone else is a paid entertainer. According to Gene, Kiss generates more over $100 million per year from touring, merchandise, and licensing partnerships. In April 2024, Gene and Paul sold the band’s song library, image, likeness, and brand for $300 million. The following paragraph contains further information about this transaction.
Real Estate Owned by Gene Simmons
Gene has resided in a 16,500-square-foot mansion in Beverly Hills, situated on an almost 2-acre plot of the most valuable land in the world, since 1986. In 1984, Gene acquired the property for $1,327,500, which, after accounting for inflation, is equivalent to $3.1 million today.
After several years passed, he initiated a reportedly $12 million, five-year construction project to erect the present 16,500-square-foot, 10-bedroom residence that was frequently featured on the family’s reality show.
Gene and Shannon put this residence up for sale in October 2020 for $22 million. They received a sum of $16 million in September 2021. Presented here is a video tour that was initially uploaded:
Related: Collin Morikawa Net Worth – Investigating Morikawa’s Salary, Cars, and Houses!
Gene and Shannon desired to sell their 24-acre estate near Whistler, British Columbia, in order to relocate there permanently. They constructed Shannon’s ideal home on this property for $4 million.
In March 2021, Shannon and Gene purchased a Malibu hilltop residence for $5.8 million. A few months later, they acquired a lesser Beverly Hills mansion for $10.5 million.
The purchase price for an 11,000-square-foot mansion in Henderson, Nevada, was $8.2 million in May 2021. Following the acquisition, he paid approximately $2 million for the undeveloped property adjacent to his own, which he ultimately transformed into an orchard comprised of more than 130 different species of trees.
Since they ultimately did not spend much time in this residence, Gene and Shannon put it up for sale in October 2021 for just under $15 million. The selling price of the property was documented as $11 million in 2023.
Personal Life of Gene Simmons
In the past, Simmons cohabitated with Diana Ross and Cher. After 28 years of dating, he wed his lifelong companion and former Playboy playmate Shannon Tweed in 2011. They live in Beverly Hills, California, and have two children together: a girl named Sophie (b. 1992) and a son named Nick (b. 1989).
Simmons is a devoted comic book and science fiction reader. In addition to contributing to other fanzines, he has published other science fiction fanzines.
Simmons openly backed the 2003 invasion of Iraq and backed George W. Bush’s foreign policy. In 2010, Simmons criticized Barack Obama’s 2009 healthcare changes and stated he regretted voting for him. He supported Mitt Romney for president in 2012.
In terms of charitable giving, Simmons supports ChildFund International. He had more than 1,400 sponsored children, so he went to Zambia to see them. For his charitable work with the organization Mending Kids International, he and his family were recognized with the MEND Humanitarian Award. Simmons was a founding member of The Children Matter, an organization that works to provide health care to children worldwide.
Comments are closed.