“If I’d said no to $80m, somebody would have committed me to a hospital!”: The rock superstar who made a fortune in tequila

Sammy Hagar, the rock legend and former Van Halen frontman, made $80 million in 2007—not from music, but from his tequila brand, Cabo Wabo. Initially hesitant to sell, he accepted an $80 million offer for an 80% stake, far surpassing his earnings from Van Halen. Hagar emphasized that money wasn’t his motivation; he enjoyed building something successful. After the sale, he gave away millions to family, band members, and a foundation for kids. His passion for fine spirits stems from a refined palate and personal experience—his father died of alcoholism, influencing Hagar’s careful approach to drinking.