The former bassist for Guns N’ Roses wants to welcome rockers to the jungle — and keep an eye on their hard-earned cash.
Heavy-metal maestro Duff McKagan, 47, who earned millions in the ’80s and ’90s with the legendary band, has started a wealth-management firm to help fellow musicians keep their money safe.
He said it was while recovering from a burst pancreas in 1994 — the result of his hard-rocking, heavy-drinking lifestyle — that he realized he had no knowledge of what had happened to the millions he earned, he told London’s Sunday Times.
“When I first got out of the hospital, I was just trying to stay sober, so I had to fill my time. One of the things I did was to go through my financial statements, and I couldn’t figure them out,” he said.
While McKagan never lost his money, the music industry is littered with stars who went broke.
“Even when I was taking my first math class, I started getting calls from friends of mine who were in the same business saying, ‘Duff, you’re in business school, can you help me invest my money?’ ” McKagan said.