Van Halen star Sammy Hagar became famous many years ago for his singing abilities and then started a new business venture – making Cabo Wabo tequila.  It looks like that may have been the best decision of his life!  Hagar just sold 80% of his business for a whopping $80 million.

“We ended up with a large booze company owning 80 percent and me keeping 20 percent.  I’m completely happy.  The check didn’t bounce.  I have everything I could possibly want…I’m still playing music because it’s awesome.  I don’t need to do it for the money.  I do it for me.”

Hagar’s latest band is called Chickenfoot.  Other members of the band include ex-bandmate Micheal Anthony, Red Hot Chili Peppers star Chad Smith and guitar great Joe Satriani.

Cheers to Sammy!

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Filed under: Celebrities, Music