8194460 How Jason Newsted Reached a Net Worth of $ 60 Million - The Money © - No.1 Official Money & Networth Source

How Jason Newsted Reached a Net Worth of $ 60 Million

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Jason Newsted was born March 4, 1963 in Battleground, Michigan. At fourteen, his family moved to Kalamazoo, where he began to discover rock music, starting with the group Kiss. Listening to their music led him to other metal bands including Ted Nugent, Rush, Blue Oyster Cult and Black Sabbath. While listening to and learning from masters, he began to play bass in local bands. Throughout his career, he founded his own groups, wrote hit songs, and performed with countless successful musicians and groups. It's Jason Newsted's journey to a net worth of $ 60 million.

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In 1981 Jason Newsted left Michigan with a friend for California with the dream of succeeding in the music business. However, they only arrived in Phoenix. There, Newsted formed his first group, Dogz, which later changed their name to Flotsam and Jetsam. They focused on a new style of heavy metal music, thrash. Much of their influence was one of the biggest hitters of its genre, Metallica. In the mid-80s, Flotsam and Jetsam signed with Metal Blade Records and released Doomsday For The Deceiver. Newstead was the album's main songwriter. His band quickly gained notoriety, but Newsted's career was about to take a turning point in a new direction.

Metallica bassist Cliff Burton died in 1986 in a terrible bus crash while on tour. Even though the band was in shock over death, they decided to start auditioning new bassists to further their careers. Newsted couldn't resist trying for the group, even though Flotsam and Jetsam were doing exceptionally well. After Metallica auditioned many different bassists, they selected Newsted, but it was difficult to replace Burton. According to IMDb, Newsted joked, “When I got to Metallica, I had to do Cliff's work justice, but I also had to put my own signature on it; no one could be Cliff Burton; Cliff Burton was the Jimi Hendrix of bass.

For the first six months of his tenure with Metallica, he was a session musician. However, he became a full member in April 1987. In an interview with Blabbermouth, he spoke of the early days with the group. He felt that his presence in the group helped create a balance after Burton's death. At first, the other members just wanted to have it because they were still in shock. Nonetheless, Newsted was with the group at the top of the charts and was enjoying mainstream success. The 1991's Black Album is estimated to be so successful that each member of the band never had to record another album in order to live comfortably for the rest of their lives. During his time with Metallica, he felt his skills were underestimated. Although Newsted is an accomplished songwriter, he only received writing credits for several of the band's songs, including Blackend and My Friend in Misery. He still remains the longest-lasting Metallica bassist. However, things finally came to a head in 2001, when Newsted felt his voice was not being heard when the band started writing a new album. He decided to focus on a side project and quit.

post-metallica

After his departure he started a new group, Echobrain. He only stayed with the band for a year before moving on to another band, a Canadian thrash metal band called Voivod. He remained with the group for six years, appearing on the albums Phobos, Voivod, Katz and Infiniti. Much like some of his early gigs, he felt like he couldn't go any further with the band, so he left to pursue other projects. In 2011, the WhoCares supergroup was led by Ian Gillan of Deep Purple and Tony Iommi of Black Sabbath; they added several other members, including Newsted. The group's goal was to raise funds to support a school in Gyumri, Armenia. It was a unique album project. However, he did produce a successful single, Out of My Mind / Holy Water. Newsted's next project was a new band, Jason Newsted and the Chophouse Band. It's a complete change from other work he's done as they cover songs from a wide variety of artists including Johnny Cash, Tom Waits, Neil Young and Bob Dylan. The group is still together and on tour. Newsted loves his new band because it's a group of musicians who collaborate and have fun.

Awards and recognition

Newsted reunited with Metallica on stage at the Rock and Roll Hall of Fame in Cleveland, Ohio, when the band was inducted on April 4, 2009. It has also won multiple Grammy's. During his days with Metallica, they won the award for best hard rock performance for Garage Inc.'s song, Whiskey In A Jar. In 2000, he won the award for best rock instrumental performance for The Call of Ktulu.

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Most of Jason Newstead's fortune comes from his work as a bassist. However, he also owns a music publishing company Jasonic and is the founder of Chophouse Records. He has had a busy career working with some of the masters in the industry and founding several successful groups. He even does philanthropic work for Little Kids Rock, an organization that provides free musical instruments to underprivileged children. Newsted said, “I was going to back down and I actually thought about retiring, but that keeps calling me back, and I will continue as long as he calls me. I really think it has something to do with the good vibes that I feel I put out through my performance and through the time I spent with my fans. Once Newsted has actually been accused by other Metallica members of spending too much time with fans. Nevertheless, it was his commitment to music that earned him this great fortune. Since he has no plans to retire, he will undoubtedly continue to grow.

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