Jason Newsted has an enormous amount of net worth $50 million. He managed to amass his fortune through his career in the music industry. He is a prominent bassist who got immense fame as a band member of the heavy band 'Metallica'.
Aside from being a bassist, he is a songwriter and the founder of the Chophouse Records studio, a label based in California.
Scroll more to know more details about Newsted's earning and source of income.
Earning As a Member of 'Metallica'
Newsted became a band member of heavy metal, 'Metallica' in the year 1986 after the death of late bassist Cliff Burton. With the band, his first live performance was at the Country Club in Reseda, California. Whereas his first studio debut was on 'The $5.98 E.P. -Garage Days Re-Revisited' and the debut album was '...And Justice for All'.
Here is the information on how much was accumulated:
Record Sales 1997- $7,090,000
Record Sales 1998 - $ 5,300,000
Record Sales 1999 - $9,100,000
When he was in the band, his income was $6,200/month. He left the metal band in 2001, due to frustration about not being incorporated in his idea on his new project. He was replaced by Robert Trujillo.
Collaboration with Other Band
After leaving 'Metallica', he joined 'Voivod', a Canadian thrash metal band in 2002. The group was of Denis Belanger (vocalist), Denis D'Amour (guitarist), and Micheal Langevin (drummer). They released an album called 'Infini', on June 23, 2009. Again, Jason left and was replaced by Jean-Yves Theriault.
During 2002, he also worked with 'Ozzy Osbourne' where he was co-writer of an album 'a young Geezer Bulter'. Soon, he decided to leave in 2003.
Formed His Band
In December 2012, Jason Newsted formed his band, 'Newsted' with members Jesus Mendez Jr. (drummer) and Jessie Farnsworth (guitarist). But the band couldn't last long and got separated. The reason was the group's tour cost was received more by Newsted.
As An Artist
Apart from musician, he is also an artist. He started his painting passion after his shoulder injury. He has been working as an artist over the last decades. On May 4, 2010, he open his first exhibition of a gallery at Micaela Gallery in San Francisco.
In the view of Newsted art is, "from making crazy and colorful music to making a crazy and colorful painting". Through it, he has made a huge amount.
A former member of 'Metallica' bassist, Jason Newsted has recently sold his Northern California house for $2.3 million. He put the house on the market price of $ 2.9 million. It was constructed in 1986, on a 1.37 acre, covering 6,720 sq.ft with five bedrooms, five bathrooms.
Additionally, he kept his 545-acre ranch home for a sale for just $5 million. It is located in Montana.
He has been involved in charity work as an active member. He is an official supporter of 'Little Kids Rock'. It is a non-profit organization that provides free musical instruction and instruments to children in underserved public schools throughout the United States.