Sammy Hagar Now Richer Than David Lee Roth, Gary Cherone Combined

May 9th, 2007 // 9 Comments

hagar.jpgSomehow we missed this Monday, despite our feed subscriptions to hagarfan.blogspot.org and hagars-really-not-the-bad.net:

Sammy Hagar, a rock ‘n’ roll legend and Mill Valley Tequila entrepreneur, is selling an 80 percent interest in his Cabo Wabo Tequila to Gruppo Campari, the world’s seventh-largest spirits company, for $80 million, the two sides said Monday.

Hagar created Cabo Wabo Tequila to serve patrons at his Cabo Wabo Cantina in Cabo San Lucas, Mexico. He began to distribute it in 1999. Last year, his company sold 147,000 cases, making it the second-best-selling premium Tequila in the United States, he said in a telephone interview.

“I’m jumping up, I’m excited,” Hagar said of the opportunity for worldwide distribution by a company that does business in 190 countries.

“Oh, hell, did I just say ‘jump’?” Hagar then said. “Wrong era! I meant to say ‘Right now,’ I’m rich as dirt!’ or maybe, ‘Love just walked in’ with some cash! Can you change that, brother? Muchas gracias!”

Wild for Wabo: $80 million will lift Hagar’s spirits [SFGate.com]


  1. Jupiter8

    He should send some to Eddie…what better way to celebrate getting out of rehab?

  2. Audif Jackson Winters III

    RIGHT NOW OIL COMPANIES AND OLD MEN ARE CONTROLLING CABO WABO TEQUILA

  3. Chris Molanphy

    Guess he finally Finished What He Started.

    Sorry.

  4. noamjamski

    Man f-ed up Van Halen, but I gotta admit, it is a great Tequila. *sigh*

  5. Lucas Jensen

    The Reposado kicks Patron’s ass. Seriously.

  6. Falconfire

    @noamjamski: Nah Eddie fucked it up, royally, I dont blame any of the singers for what is obviously a major malfunction in EVH’s brain.

    Its not surprising though. Many great artists had major fucking issues, Eddie’s are his drinking and drugs, and his complete lack of people skills.

    Oh and that huge fucking ego from someone who hasnt released something in ages.

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