Ace Frehley died at 74—but the KISS lead guitarist's net worth at his time of death wasn't as high as fans might think.
On Thursday, Oct. 16, the rock star died after reportedly suffering a fall in his studio in September. Frehley reportedly experienced a brain bleed and was placed on life support; his official cause of death has not been publicly shared.
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"We are completely devastated and heartbroken," his family said in a statement, per Entertainment Weekly. "In his last moments, we were fortunate enough to have been able to surround him with loving, caring, peaceful words, thoughts, prayers and intentions as he left this earth."
What Was Ace Frehley's Net Worth at His Time of Death?
As fans mourned the death of Ace Frehley, many were curious: What was his net worth at his time of death? Frehley was reportedly worth $1 million when he died, according to Celebrity Net Worth. This takes into account the money he earned both as a member of KISS and as a solo artist.
Ace Frehley of KISS performs at Arco Arena on Aug. 28, 1996, in Sacramento, Calif. (Photo by Tim Mosenfelder/Getty Images)Frehley joined KISS in 1973 alongside original band members Paul Stanley, Gene Simmons and Peter Criss. In 1978, all four members of KISS released self-titled solo albums at the same time. Through the years, Frehley struggled with drug and alcohol addiction amid creative disagreements with his bandmates and the direction of KISS. He ultimately left the band—and a $15 million contract—in 1982.
Of walking away from the deal, Frehley said, per Rolling Stone, "I mean, I walked out on a $15 million contract. That would be like $100 million today. And my attorney was looking at me like, 'What are you, crazy?'"
However, Frehley did retain a 25% share in KISS' partnership until 1985. He went on to form Frehley's Comet, releasing a self-titled album in 1987.
In 1996, KISS reunited for a world tour, one of the highest-grossing of the decade. He appeared in the band's Psycho Circus in 1998 but left again in 2002. Frehley continued his solo career, releasing three more albums and continuing to tour until shortly before his death.
Frehley Lost a Home to Foreclosure & Faced Other Financial Issues
Frehley failed to pay $735,000 in mortgage debt as well as two years of property taxes on his Yorktown, New York, home—resulting in foreclosure in February 2013.
In 2024, Frehley was asked about why he wasn't touring in Europe.
“Well, there’s a good chance I can make it to Europe in late summer if I get my passport renewed,” he told the Finnish music website Chaos Zine. “I’ve been having issues with renewing my passport because I have some problems with the IRS [Internal Revenue Service], and it’s not really the passport bureau but the IRS. Since I owe the IRS a couple of hundred grand, and they just instituted a new law that if you owe more than $50,000, they won’t renew your passport.”
Ultimately, Frehley canceled the remaining dates of his tour in early October due to "ongoing medical issues."
Next: Gene Simmons, 76, Shares Health Update After Car Crash & Hospitalization
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