[mattsevrens]

http://www.celebrity...rgan-net-worth/

[vescret]

sure why not

[AlienCloak]

Give or take a mil

[soonergiant65]

People have asked this before about Billy. We all know that Billy has a lot of money. My question is, what does it matter?

[chrisothoulos]

mattsevrens, on 08 June 2012 - 06:23 PM, said:

http://www.celebrity...rgan-net-worth/

Who knows..

How much are you worth?

[KingBelteshazzar]

worth enough to live comfortably, travel the world, record his own music, start a wrestling business and open a tea house.

[Julian]

soonergiant65, on 08 June 2012 - 07:23 PM, said:

People have asked this before about Billy. We all know that Billy has a lot of money. My question is, what does it matter?

[KingBelteshazzar]

why does anything matter

why does this board exist

why are we here

[vescret]

KingBelteshazzar, on 08 June 2012 - 07:56 PM, said:

why does anything matter

why does this board exist

why are we here

exactly what i was thinking! who cares! OCEANIA!

[ItsSoPringles]

KingBelteshazzar, on 08 June 2012 - 07:56 PM, said:

1: why does anything matter

2: why does this board exist

3: why are we here

1: it doesnt

2: because shut up

3: cause none of us have lives, don't lie

[KingBelteshazzar]

i have some kind of life.

[Simon]

ItsSoPringles, on 08 June 2012 - 08:10 PM, said:

1: it doesnt

2: because shut up

3: cause none of us have lives, don't lie

:rofl:/>

[Whicker]

I will agree that Billy has money but unless he's banked everything since the 90s its no more then a couple million.

[Hater]

Monty will find out the truth.

[V_____]

Whicker, on 08 June 2012 - 10:10 PM, said:

I will agree that Billy has money but unless he's banked everything since the 90s its no more then a couple million.

Why would that be the case? If Billy has invested his money (which he says he has), there's no reason why he couldn't have gotten good returns on those investments in addition to payments for public appearances, royalties from music, soundtracks/songwriting, his signature stratocaster, various endorsements, companies he's involved in, guest appearances on albums, merchandise/touring, etc etc etc.

It's not like he goes and speaks or plays at places for free.

[frosty]

say if you had ten million dollars in a savings account with just 1% interest, you would have an additional $100,000 per year in interest. before the recession, you would've had interest at 3 or 4%. so, we're talking $400,000 just in interest. see? it adds up quickly, especially if he let it sit there for 10 years without touching any of it. plus, back then, billy didn't know how long his career would last & wouldn't have wanted to go back to being homeless, so i'm sure he was very frugal at the time.

how much would he have gotten in the car commercial & the Today song commercial? a couple million each? i don't know. plus his poetry book.

[gyang333]

Whicker, on 08 June 2012 - 10:10 PM, said:

I will agree that Billy has money but unless he's banked everything since the 90s its no more then a couple million.

Seriously? He probably gets about that a year now just from royalties alone! You seriously underestimate how much bank "pop" musicians make. BC/SP was fairly popular in its day.

[Whicker]

Don't want to start a flame war but you guys are exaggerating how much he is making. He is no longer making mechanical royalties off the old stuff other then the little bit from reissues. He still gets performance royalties from radioplay and such. I can guarantee you that the sync royalties from commercials and movies are not in the millions. He made a lot of money from SD and MCIS but probably barely cleared the recoupment costs on adore and machina. Pretty sure he dint make much on the post 2000 stuff since the music industry was already going down. I would say his primary source of income right now would be Resistance pro, his said investments (although I have no idea what they are) and a nice chunk from touring. Why do you think they took a break last year from teargarden to tour? They needed money. Artist do not make money from selling music anymore, they need other means. Believe it or not but 2 years ago Lady Gaga couldn't afford to stop touring because she would have gone broke if she did and she was selling a lot of records. I learnt this stuff in school so I'm not just talking out of my ass. For all I know Billy could have 50 million in the bank, but I highly doubt it. If he did he wouldn't be so concerned about breaking even on the lucky 13 stuff and how much it was costing them to store the masters and what not.

Also I'm pretty sure when they say he is worth 50million it takes in account all of his intellectual property and how much it has made him and will make him in the future.

Anyway I don't want to start a war here but I'm just going by what I learnt in school and in my opinion I don't think he has hoards of money. His money is from his investments like resistance and he cant exactly just cash it out.

[gyang333]

Whicker, on 09 June 2012 - 10:34 AM, said:

Don't want to start a flame war but you guys are exaggerating how much he is making. He is no longer making mechanical royalties off the old stuff other then the little bit from reissues. He still gets performance royalties from radioplay and such. I can guarantee you that the sync royalties from commercials and movies are not in the millions. He made a lot of money from SD and MCIS but probably barely cleared the recoupment costs on adore and machina. Pretty sure he dint make much on the post 2000 stuff since the music industry was already going down. I would say his primary source of income right now would be Resistance pro, his said investments (although I have no idea what they are) and a nice chunk from touring. Why do you think they took a break last year from teargarden to tour? They needed money. Artist do not make money from selling music anymore, they need other means. Believe it or not but 2 years ago Lady Gaga couldn't afford to stop touring because she would have gone broke if she did and she was selling a lot of records. I learnt this stuff in school so I'm not just talking out of my ass. For all I know Billy could have 50 million in the bank, but I highly doubt it. If he did he wouldn't be so concerned about breaking even on the lucky 13 stuff and how much it was costing them to store the masters and what not.

Also I'm pretty sure when they say he is worth 50million it takes in account all of his intellectual property and how much it has made him and will make him in the future.

Anyway I don't want to start a war here but I'm just going by what I learnt in school and in my opinion I don't think he has hoards of money. His money is from his investments like resistance and he cant exactly just cash it out.

all very true. I also wouldn't put too much stock into that site and it's claim of 50 million. I mean there really is no way for any website to figure that out. The only way to guess at a celeb's networth is to add up his/her assets that are in plain sight, and that wouldn't be a very accurate indication either.

In regards to your point that Billy wouldn't be so concerned about breaking even with Lucky 13/SPRC and how much it costs for the archive if he were richer... I'm not so sure that is true. BC is from very frugal roots, and I don't believe he has shaken that background. He's not some NBA player who suddenly forgets his background and what it's like to be impoverished the moment he is drafted by the NBA and spends his money a la MC Hammer-style. Billy is one of the smarter musicians out there with his money, and he's probably richer than most of us can guess, but I don't konw about the 50 million marker, but he probably makes a nice-nut on radio play and his songs appearing in tv segments, movies etc.

[chrisothoulos]

gyang333, on 09 June 2012 - 11:03 AM, said:

all very true. I also wouldn't put too much stock into that site and it's claim of 50 million. I mean there really is no way for any website to figure that out. The only way to guess at a celeb's networth is to add up his/her assets that are in plain sight, and that wouldn't be a very accurate indication either.

In regards to your point that Billy wouldn't be so concerned about breaking even with Lucky 13/SPRC and how much it costs for the archive if he were richer... I'm not so sure that is true. BC is from very frugal roots, and I don't believe he has shaken that background. He's not some NBA player who suddenly forgets his background and what it's like to be impoverished the moment he is drafted by the NBA and spends his money a la MC Hammer-style. Billy is one of the smarter musicians out there with his money, and he's probably richer than most of us can guess, but I don't konw about the 50 million marker, but he probably makes a nice-nut on radio play and his songs appearing in tv segments, movies etc.

I doubt he is making much off of Resistance Pro at this point

It is all tourning where he makes the big bucks..

[gyang333]

chrisothoulos, on 09 June 2012 - 11:08 AM, said:

I doubt he is making much off of Resistance Pro at this point

It is all tourning where he makes the big bucks..

I actually don't think that he makes much off touring. It depends on his contract with the other members, but as the sole proprietor of a company (SP Inc.) I don't think he makes that much after expenses on tour. The only exception are the festival appearances. But do you think he'll make much if anything from those small 1000-2000 capacity venues? I think I broke it down before, but I'll do it here as well.

Assuming: 2,000
Ticket Price: $45 (assuming SP gets the entire value of the ticket price)
Revenue from tickets: $90,000
Merchandise: $5,000 (might be generous here)
Cut from alcohol sales: $2,500

Let's just round up to $100,000. Now this looks great, but Billy also has to pay Mike, Nicole, Jeff, crew, security, tour manager, chef, hotel stays most nights (I believe some nights they are enroute to new location, so no hotel fees some nights).

For the crew, I'm not sure if they travelled with the band, or it was a new crew every night in each city. Either way, assuming he had like what, 5 members do set-up and take-down over the course of 4.5 months (they toured from June 30-October 19 in 2010 with little to no breaks). That's another ~$70,000 over the course of that time. Let's say about $1,000 a night at each venue they played at. BC can't be taking home more than $35,000-$50,000 a night. Now that's crazy fantastic for the common joe, but that's not much if that's what he is living off of as a rock star. I believe at some point during the 2010 tour, BC said he was barely breaking even on the tour for himself after paying everyone, and everything, so I'm thinking $35,000 take home might be too generous. Now at the same time, I remember him saying that SP as a touring entity is still very strong, and that his point with SPRC isn't to make money, as he could do that simply with touring, so idk....

[TwoHeadedBoy]

It's all relative. Is Lenny really that dumb? Is Barney that drunk? Is Homer that lazy, bald and fat?

[DandyJon]

TwoHeadedBoy, on 09 June 2012 - 12:24 PM, said:

It's all relative. Is Lenny really that dumb? Is Barney that drunk? Is Homer that lazy, bald and fat?

:rofl:/>

[ItsSoPringles]

KingBelteshazzar, on 08 June 2012 - 08:11 PM, said:

i have some kind of life.

i thought i said dont lie

chrisothoulos, on 09 June 2012 - 11:08 AM, said:

I doubt he is making much off of Resistance Pro at this point

It is all tourning where he makes the big bucks..

do not underestimate the financial power you get off of drunk violent rednecks searching for entertainment

[V_____]

Artists definitely do not get the full ticket price. How would the venue make any money? How about ticketmaster? Also they would not get a cut of alcohol sales. That's also the venue. Why would you even thing that? It's not like Billy is there serving drinks.

Artists make most of their money on merchandise when they play a show and some from ticket sales. When they play a festival they would likely be just plain hired by the festival for a set fee (and of course bring merch).

Also, most wresting ventures lose a lot of money when they start so I doubt he's making a ton from that.

But still, if you're a wise investor and started out with a few million dollars, you could easily end up with 50 million after a couple decades. That's where he'd have made his money.

[Hummer75]

His minimum appearance/consulting fee was like $80,000 a couple years ago I think. Don't forget all the soundtracks and work on other artists albums he does.

[Whicker]

gyang333, on 09 June 2012 - 11:03 AM, said:

all very true. I also wouldn't put too much stock into that site and it's claim of 50 million. I mean there really is no way for any website to figure that out. The only way to guess at a celeb's networth is to add up his/her assets that are in plain sight, and that wouldn't be a very accurate indication either.

In regards to your point that Billy wouldn't be so concerned about breaking even with Lucky 13/SPRC and how much it costs for the archive if he were richer... I'm not so sure that is true. BC is from very frugal roots, and I don't believe he has shaken that background. He's not some NBA player who suddenly forgets his background and what it's like to be impoverished the moment he is drafted by the NBA and spends his money a la MC Hammer-style. Billy is one of the smarter musicians out there with his money, and he's probably richer than most of us can guess, but I don't konw about the 50 million marker, but he probably makes a nice-nut on radio play and his songs appearing in tv segments, movies etc.

For all we know Billy is a penny pincher and hasn't spent a cent. He just hoards it all in a vault that he swims in like Scrooge McDuck lol.

[Parksey]

dude's loaded

[Hater]

Billy Corgan buys a piece of the Gold Coast

April 14, 2002|By Bob Goldsborough. Special to the Tribune.

Ten months after selling his Victorian painted lady mansion in Lake View for $1 million, former Smashing Pumpkins lead singer and chief songwriter Billy Corgan has paid $2.95 million for a recently renovated, historic six-room condominium on the Gold Coast.

After disbanding the Smashing Pumpkins, Corgan formed a new group, Zwan, which is playing three sold-out shows at the Double Door this weekend.

Through his tour manager, Corgan declined to comment on the purchase of the two-bedroom condo. His tour manager confirmed that the singer-songwriter recently has been staying at the condo while rehearsing for Zwan's current tour, but said the Chicago-area native ultimately intends to lease the condo in a 110-year-old building to someone else. The unit has an oak-paneled living room, reception room, balcony framed by granite columns, four fireplaces, walnut parquet floors and a large terrace.

Corgan has shown an affinity for vintage properties. After moving out of the more than 100-year-old Lake View home at 3448 N. Greenview Ave., which he owned from 1993 to 2001, Corgan temporarily stayed in a penthouse in the Haberdasher Square loft development, 728 W. Jackson Blvd., a former manufacturing building that dates to 1926. And in 2000, the Landmarks Preservation Council of Illinois awarded Corgan its President's Award for his commitment to historic preservation.

Since Corgan sold his Lake View home, one Smashing Pumpkins Web site reported that he has been living in Italy, but in interviews he has declined any comment on his permanent residence.

Singer Courtney Love, whom Corgan dated many years ago, just sold her loft in downtown Manhattan for $3 million after buying it for $2.6 million in January 2001, according to the New York Post. The loft is in the same building where rocker Lenny Kravitz just listed his own, five-bedroom, 7,000-square-foot, multilevel loft for $16 million, after buying the space unfinished in October 2000 for $8 million, the Post reported.

Love also recently listed her almost 3,700-square-foot Spanish-style house on Los Angeles' Westside -- which she bought last June for $3 million -- for about the same price, according to the Los Angeles Times. Love reportedly is looking for another house in the area because her five-bedroom house, which was built in the 1920s, is too small.

Ironically, Love told the Times last year that she sold a four-bedroom, 4,700-square-foot French country-style house on almost 2 acres in the Hollywood Hills -- which she had purchased from Ellen DeGeneres in 1997 for about $3 million -- because she was planning to spend more time in New York and actually wanted something smaller in L.A. She sold the Hollywood Hills home for $3.995 million in March 2001 to British businessman Mike Walley. Love's former Hollywood Hills house made the news in November 2001, after Paul McCartney's fellow Beatle George Harrison died. After Harrison's representatives gave a bogus L.A. address on his death certificate, the county's district attorney revealed in February that Harrison actually had died at Walley's house.

Rocker Tom Petty has paid close to $2.5 million for a three-bedroom oceanfront home in Malibu, Calif., according to the Los Angeles Times. Built in 1974, the house has three fireplaces, Malibu tiles and a courtyard with a fountain, the paper reported ... Fred Durst, frontman for the rock group Limp Bizkit, has sold a house he never moved into in Bel Air, Calif., for $3.7 million because it had "vibes that were not quite correct for him," according to the Los Angeles Times. Last fall, Durst bought the four-bedroom, 6,600-square-foot house, which was once owned by the Doors' Robbie Krieger and has a carving of the Doors playing on one wall, for just under $4 million, the paper reported. Durst recently bought a house with a sound studio in L.A.'s Hollywood Hills, and has listed that home for $1.4 million, the Times reported.

[Kreatorkind]

His house in Highland Park, IL is worth about $11 Million. So, if they're counting assets and investments, sure, why is $50 million hard to believe? He obviously knows how to invest. He's probably got great accountants too. Not to mention, he's not the "trash hotel-rooms, drug addled" kind of rock star. He's probably been very smart with his money.

[JOHNO]

good luxk whatever billys worth, he deserves every penny.



cheers

[frosty]

gambling during baseball season helps.

[WayneArnold]

V_____, on 09 June 2012 - 03:27 PM, said:

Also they would not get a cut of alcohol sales. That's also the venue. Why would you even thing that? It's not like Billy is there serving drinks.

Artists make most of their money on merchandise

You (and I'm not exaggerating) have absolutely no idea what you're talking about. What's worse, you give someone else grief for what they said.


Artists do get a cut of alcohol sales in a lot of venues. Apparently you are perceptive enough to realize that Billy wasn't the one who poured your drink (I'm mildly impressed), but what you've failed to realize is that you purchased a drink because Billy was playing there. And so he gets a cut- as he should.

As far as your second asinine comment, artists do not make most of their money on merchandise. Some? Sure. But anymore a lot of venues take cuts from those sales.

So next time, before you berate someone for their comments, take a second and think, "wait a second, I'm 100% clueless when it comes to this topic and might make an ass out of myself by responding. In fact, I might look so dumb that someone will type out how I hypothetically should have thought about the situation."

[frednirv632]

lol

[gyang333]

WayneArnold, on 10 June 2012 - 02:57 PM, said:

You (and I'm not exaggerating) have absolutely no idea what you're talking about. What's worse, you give someone else grief for what they said.


Artists do get a cut of alcohol sales in a lot of venues. Apparently you are perceptive enough to realize that Billy wasn't the one who poured your drink (I'm mildly impressed), but what you've failed to realize is that you purchased a drink because Billy was playing there. And so he gets a cut- as he should.

As far as your second asinine comment, artists do not make most of their money on merchandise. Some? Sure. But anymore a lot of venues take cuts from those sales.

So next time, before you berate someone for their comments, take a second and think, "wait a second, I'm 100% clueless when it comes to this topic and might make an ass out of myself by responding. In fact, I might look so dumb that someone will type out how I hypothetically should have thought about the situation."

Thank you.

[Dusty]

That site liked in the first post estimates Thom Yorke at 45 mil, Chris Cornell at 60 mil, and Eddie Vedder at 80 mil. So while 50 mil might not be THE number, I think we can all agree it's in that general ball park.

[Sophie]

V_____, on 09 June 2012 - 03:27 PM, said:

Artists definitely do not get the full ticket price. How would the venue make any money? How about ticketmaster? Also they would not get a cut of alcohol sales. That's also the venue. Why would you even thing that? It's not like Billy is there serving drinks.

Considering that I paid the equivalent of a pint of beer in a plastic cup 8.5€( :shocked:/> ) last tuesday, I do hope the band got their share... ;)/>

[frosty]

i got a $4 bottle of water recently. and a $5 hotdog, but i was starving by then.

[jaggedjunkie21]

frosty, on 09 June 2012 - 03:43 AM, said:

say if you had ten million dollars in a savings account with just 1% interest, you would have an additional $100,000 per year in interest. before the recession, you would've had interest at 3 or 4%. so, we're talking $400,000 just in interest. see? it adds up quickly, especially if he let it sit there for 10 years without touching any of it. plus, back then, billy didn't know how long his career would last & wouldn't have wanted to go back to being homeless, so i'm sure he was very frugal at the time.

how much would he have gotten in the car commercial & the Today song commercial? a couple million each? i don't know. plus his poetry book.

As an graduate student of accounting (with undergraduate concentrations in finance and financial economics), this simplification makes me smile.

[frosty]

i can't talk about any of his investments in the stock market if he has any or assets & such because i don't know of any. i don't even know of his revenue from concerts except what he keeps saying about being able the make $10,000 in one show, plus the things other posters listed above. his homes? one of them is costing him money now or it was a few months back. even something like CDs i don't know anything about except what their rates are now. i couldn't have guessed on anything before that. anywho, that's the basic stuff that i know of, the 3 & 4%. i'm saying, with a savings account alone, his interest can add up.

[CZR]

he told me he lost money during TFE but made a lot during Zwan because Pajo said he took almost everything

[V_____]

WayneArnold, on 10 June 2012 - 02:57 PM, said:

You (and I'm not exaggerating) have absolutely no idea what you're talking about. What's worse, you give someone else grief for what they said.


Artists do get a cut of alcohol sales in a lot of venues. Apparently you are perceptive enough to realize that Billy wasn't the one who poured your drink (I'm mildly impressed), but what you've failed to realize is that you purchased a drink because Billy was playing there. And so he gets a cut- as he should.

As far as your second asinine comment, artists do not make most of their money on merchandise. Some? Sure. But anymore a lot of venues take cuts from those sales.

So next time, before you berate someone for their comments, take a second and think, "wait a second, I'm 100% clueless when it comes to this topic and might make an ass out of myself by responding. In fact, I might look so dumb that someone will type out how I hypothetically should have thought about the situation."

Ok. I stand corrected. Sorry I upset you so much. I find it mildly amusing you think I'm an unperceptive dumbass, but I'm just talking from personal experience about the venues I've played at. Granted I'm not in a huge band, but I've never ever been paid a cut of the alcohol sales. Ever.

Anyway you are 100% clueless when it comes to my perceptiveness, intelligence, or personal experience so good job being as much of an ass as I am by your own definition. I'm very much aware that people go to shows to see bands, thank you. Fact of the matter is a lot of venues simply don't see it that way. They'll see themselves as serving alcohol and the people being there for that while the band is privileged to get exposure while people drink.

[WayneArnold]

V_____, on 11 June 2012 - 10:37 PM, said:

Ok. I stand corrected. Sorry I upset you so much. I find it mildly amusing you think I'm an unperceptive dumbass, but I'm just talking from personal experience about the venues I've played at. Granted I'm not in a huge band, but I've never ever been paid a cut of the alcohol sales. Ever.

Anyway you are 100% clueless when it comes to my perceptiveness, intelligence, or personal experience so good job being as much of an ass as I am by your own definition. I'm very much aware that people go to shows to see bands, thank you. Fact of the matter is a lot of venues simply don't see it that way. They'll see themselves as serving alcohol and the people being there for that while the band is privileged to get exposure while people drink.

Like you said, that's only the case for your dinky little band, so obviously you aren't bringing in a lot of people. Venues do see it that way. When I worked at a venue we'd give bigger bands a cut. If it was some piece of shit local band that wasn't going to sell out, obviously they weren't given a cut.

My biggest problem is that you were running your mouth trying to make that guy look stupid, meanwhile you were wrong.

[soVerysadAboutyou]

CZR, on 11 June 2012 - 05:15 PM, said:

he told me he lost money during TFE but made a lot during Zwan because Pajo said he took almost everything

well, yeah, indie guys don't want money, jeez