Last updated: Wednesday, March 11, 2009

HAGAR MADE $80 MILLION FROM TEQUILA SALE

Former VAN HALEN star SAMMY HAGAR has revealed the sale of his Cabo Wabo tequila brand netted him $80 million (£57 million) in an afternoon.

SAMMY HAGAR

The rocker sold 80 per cent of his beverage company last year (08) in a bid to expand the brand, and now he's sitting pretty on a massive fortune, with more cash rolling in all the time from his tequila project.

He tells Hustler magazine, "We ended up with (a large booze company) owning 80 per cent and me keeping 20 per cent. I'm completely happy. The cheque didn't bounce.

"I have everything I could possibly want... I'm still playing music because it's awesome. I don't need to do it for the money. I do it for me."

No part of the ongoing Van Halen reunion, Hagar has teamed up with ex-bandmate Michael Anthony, Red Hot Chili Peppers star Chad Smith and guitar great Joe Satriani to form Chickenfoot.

Related News:

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- ANTHONY: 'I NEVER QUIT VAN HALEN'
- HAGAR RULES OUT VAN HALEN REUNION UNTIL EDDIE IS SOBER
- HAGAR: `VAN HALEN WANTED ANTHONY OUT OF THE BAND YEARS AGO'
- DELP TRIBUTE CONCERT PLANNED
- The 22nd annual Rock and Roll Hall of Fame induction ceremony
- LEE ROTH NOT INTERESTED IN HAGAR DUET
- HAGAR TURNS TO MARIACHI MUSIC
- HAGAR FEARS THE WORST ABOUT VAN HALEN'S HALL OF FAME HONOUR
- HAGAR OWES TEQUILA SUCCESS TO HIS WIFE

Source: WENN

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