Red Hot Chili Peppers was one of the biggest musical acts of the 80s and 90s. The band was formed in 1983, basing on the genres of funk, punk rock, and psychedelic rock. The band still functions today with their lead vocalist, the bassist, and longtime drummer, Chad Smith. Let’s take a close look at the Red Hot Chili Peppers net worth in 2020.
The band had originally started out with Fairfax High School members Anthony Kiedis, Hillel Slovak, Flea, and Jack Irons, in Los Angeles, under the initial name Tony Flow and the Miraculously Majestic Masters of Mayhem. The band had simple origins, first performing in front of an audience of thirty people. However, their performance garnered immediate appraisal, and the band continued playing at clubs throughout the year.
At the time of the group’s creation, Slovak and Irons were part of another group called What is this? They considered Red Hot Chili Peppers as a peripheral project and eventually resigned at the end of 1983. Remaining members hired new members including Cliff Martinez and Jack Sherman.
The band released their debut album in the late summer of 1984. The Red Hot Chili Peppers became an instant hit, selling three hundred thousand copies. At the end of the band’s first professional tour, Sherman was removed, and Hillel Slovak rejoined.
The band found its first commercial success in 1989 by virtue of their new album Mother’s Milk, which sold over a million records. Their fifth studio album releases Blood Sugar Sex Magik propelled them to international fame, selling twelve million copies and earning a Grammy for “Best Hard Rock Performance with Vocal.” The singles from this album like Under the Bridge, Breaking the Girl and Suck my Kiss were all successful hits.
Overall, the band earned six Grammys throughout their long mainstay. The band’s seventh studio album Californication, released in 1999, sold fifteen million records. It dealt with themes including sex, drugs, globalization, and money. Both Californication and Blood Sugar Sex Magik are ranked among Rolling Stones’ list of the Greatest Albums of all time. The band was inducted into the Rock and Roll Hall of Fame in 2012.
Net Worth & Earnings
The current net worth of the band is more than $400 million. Being one of the biggest commercial successes, the band has helped each of its members amass millions of dollars. Anthony Kiedis’ net worth to be at $120 million; Flea’s to be around $150 million, Chad Smith’s at $90 million and Josh Klinghoffer’s at $10 million. They are the current members of the band. The band earned over $54 million in 2017 alone as they performed over a hundred shows. The band members earn through their live shows and also through royalties of catalogue albums. Selling over eighty million records worldwide, it is one of the best selling bands in the world.
Red Hot Chili Peppers are one of those iconic bands that will never leave the history books of music. They are one of the world’s best Alternate Rock bands of all time. Their twelfth studio album is in the making.