Richie Sambora is an American singer and songwriter who has a net worth of 150 million dollars. Richie gained fame as the lead guitarist of the rock band Bon Jovi for over two decades. It was during this period that he made most of his fortune. Besides being the lead guitarist for the band, Richie has released a few albums as a solo artist, and they have had an impact on his financial standing.
Early Life and Career
Richie Sambora was born in 1959 to Adam Sambora, who worked as a factory foreman, and Joan Sienila, a secretary. Richie showed an interest in instruments at a young age. At 6, he already knew how to play the accordion; at twelve, he learned how to play the guitar. His early influences were Jimi Hendrix, Johnny Winter, Eric Clapton, and Jeck Beck, among others.
Soon after completing high school, Richie decided to venture into music, beginning as the guitarist for Message. He joined several other bands until he joined Bon Jovi, which propelled him into national and international fame. Richie has worked with Bon Jovi for many years, achieving much success. As a solo artist, he has also released three albums which did well.
Philanthropic Activities
Richie Sambora has always given back to society; over the years, he has helped raise money for various charity organizations. He has raised money for the Steve Young Foundation, Dream Street, and a charity geared towards fighting Parkinson’s disease.
Following the death of his father from cancer, Richie has donated a lot of money to several cancer charities and hospitals, including where his father was being treated. He also helped fundraise for Stand Up for a Cure and the money collected to the establishment of three mobile health services, two of which were named after his parents.
Richie also donated some money to his former high school; the money was used to build a fitness center named after Richie’s father.
His Alcohol Struggles
Over the years, Richie has been struggling with alcoholism, and this has impacted his career and financial standing. In 2007, he went to a Los Angeles rehab to manage his alcoholism. After his release from rehab, he noted that he was drinking too much, and he had to find a way to get his life together.
A year later, Richie got into drinking again and was arrested for drunk driving. He pleaded no contest, was fined 390 dollars, and was put on probation. Richie returned to rehab again in 2011 and missed several shows. However, since then, he has been in perfect health and seems to have worked on his addiction problems.
Real Estate
Besides his successful career in the music industry, Richie has made some real estate investments. Richie owns several homes in various cities, including Point Pleasant Boro, Philadelphia, Laguna Beach, and Calabasas in California.
In 2008, he bought a condo in Philadelphia for 3.58 million dollars. The property is over 5 million in today’s market value. He also purchased another property in Calabasas, California, for 4 million. He bought the property from pitcher Randy Wolf.
