Music History Events: Lotsa Money
May 7, 2007 Sammy Hagar sells an 80% stake in his Cabo Wabo tequila company to Gruppo Campari for $80 million.More
March 30, 2007 Jay-Z sells his clothing company, Rocawear, to Iconix for $204 million.
April 15, 2006 Elton John cleans out his closet and raises over $700,000 for his AIDS Foundation when he sells over 10,000 articles of clothing in his Elton's Closet sale in New York.
May 25, 2000 Alanis Morissette files with the SEC to sell about $1 million worth of her MP3.com stock, which she accumulated in a partnership with the company. The shares were worth about 10 times as much a year earlier, not long after Morissette signed on.
July 21, 1999 MP3.com, a website that lets users download music files for free, goes public and quickly reaches a valuation of $6.9 billion. Months later, they're sued by various record companies and the RIAA. In 2001, it sells to Vivendi for $372 million.
June 15, 1991 MC Hammer kicks off his Please Hammer, Don't Hurt 'Em world tour in Louisville, Kentucky. About 70 people, who perform various duties on stage, are in the entourage. Rolling Stone reports that Hammer is a taskmaster, fining dancers for missing steps and insisting that everyone go directly to their hotel rooms after shows.
September 6, 1988 Elton John cleans house in what amounts to the greatest garage sale ever. A hoard of his belongings - over 2,000 pieces - are auctioned off at Sotheby's in London, bringing in $6.2 million. The giant boots he wore in the film Tommy go for $20,000.
May 29, 1983 Van Halen get a record $1.5 million to play Day 2 ("Heavy Metal Day") of Apple founder Steve Wozniak's US Festival, the second and final year of the event. It's the most any act has ever been paid for a single performance.More
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