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Artist News Business News
McKagan launches wealth management agency
By CMU Editorial | Published on Monday 7 March 2011
We’re used to pop stars branching out from music and forming brand partnerships or setting up fashion or gaming or clubbing or drink ventures. But it’s not everyday a rock guitarist sets up a wealth management consultancy.
But that’s what former Guns N Roses and current Velvet Revolver bassist Duff McKagan has done. And why not? Don’t forget, McKagan returned to college just over a decade ago to study Finance and writes a regular column on such matters for Playboy.
According to reports, the guitarist’s new company is a JV with a British investor and will offer financial advice for musicians.
It’s a service McKagan reckons many musicians need, and I think he might be right. Says the rocker: “You think the money is going to keep coming. When you get that big contract, or your record goes platinum and you’re selling out concerts, you don’t see that it’s going to end”.
