Ace Frehley, known as “The Spaceman,” is a rock musician hailing from The Bronx, New York City. He is most famous for being the co-founding member and lead guitarist of the legendary rock band Kiss. With a net worth of $1 million, Ace Frehley’s journey has been one of ups and downs, filled with personal struggles and professional achievements. In this article, we’ll take a closer look at his life, career, and the factors that contributed to his net worth.
Early Life and Musical Beginnings
Ace Frehley, born Paul Daniel Frehley on April 27th, 1951, grew up in a musically-inclined family. He started playing the electric guitar at an early age, after receiving the instrument as a Christmas present. Frehley spent much of his free time teaching himself how to play the guitar, drawing inspiration from legendary artists such as Jimi Hendrix, Buddy Guy, and Led Zeppelin.
During his high school years, Frehley earned his nickname “Ace” because of his reputation for being able to get dates with any girl he wanted. Despite his success in arts, he eventually dropped out of high school and became involved with a New York City street gang. However, joining Kiss probably saved his life, as he was moving into a downward spiral at that point.
Career with Kiss and Beyond
Frehley achieved significant success with a band called Cathedral, and this was the catalyst that caused him to drop out of high school. He later auditioned for the band that would become Kiss, impressing Gene Simmons, Peter Criss, and Paul Stanley with his guitar-playing skill. By 1973, the band had formally become Kiss, and Frehley was the lead guitarist. He also designed the band’s lightning-bolt logo with his graphic art skills.
Frehley’s income with Kiss was initially not enough to pay the bills, and he found himself driving a cab part-time. By the end of the year, however, Kiss members were paid a $50-per-week salary from their manager, allowing Frehley to quit his job. Kiss became a sensation, with Ace’s on-stage antics and unique guitar playing earning him a place as one of the best metal guitarists of all time.
After leaving Kiss in 1982, Frehley embarked on a successful solo career, releasing albums such as “Frehley’s Comet” and “Trouble Walkin’.” He also rejoined Kiss for reunion tours in 1996, 2001, and 2018, contributing minimally to their new album, “Psycho Circus.”
Real Estate Troubles
Despite his success, Frehley has also faced personal and financial struggles. In 2013, a bank in Yorktown, NY foreclosed on his house after he failed to pay $735,000 worth of mortgage payments. He reportedly owed interest, late charges, and other fees, highlighting the importance of financial planning and management for even the wealthiest individuals.
Ace Frehley’s net worth of $1 million reflects his contributions to the music industry and his unique talent as a guitarist. From his early beginnings as a self-taught musician to his success with Kiss and beyond, Frehley’s career has been marked by both highs and lows. However, his legacy as one of the greatest metal guitarists of all time will undoubtedly endure for years to come.