Rick Nielsen Net Worth
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- What Is Rick Nielsen’s Net Worth?
- Early Life
- Career
- Personal Life
- Award Nominations
What Is Rick Nielsen’s Net Worth?
Rick Nielsen is an American musician and songwriter who has a net worth of $12 million. Rick Nielsen is best known for being the lead guitarist, background vocalist, and primary songwriter of the rock band Cheap Trick. He is also noted for designing his own guitars and for the use of multi-neck guitars. With Cheap Trick, Nielsen has released 20 studio albums, including the Platinum albums “In Color” (1977), “Heaven Tonight” (1978), “Dream Police” (1979), and “Lap of Luxury” (1988) and the Gold albums “All Shook Up” (1980) and “One on One” (1982). Cheap Trick is known for singles such as “I Want You to Want Me,” “Dream Police,” “If You Want My Love,” “The Flame,” and “Can’t Stop Fallin’ into Love.” Rick composed the song “Baby Mumbles” for the Comedy Central series “The Colbert Report,” and it served as the show’s theme song during its entire 11-season run. Cheap Trick has sold over 20 million albums, and in 2016, they were inducted into the Rock and Roll Hall of Fame. Nielsen has also appeared in the film “Disorderlies” (1987) and the television series “Boy Meets World” (1994), “The Drew Carey Show” (1998), and “TV Funhouse” (2001), and he was featured in the 2013 documentary “Sound City.”
Early Life
Rick Nielsen was born Richard Alan Nielsen on December 22, 1948, in Elmhurst, Illinois. Rick’s parents were opera singers, and his father, Ralph, directed choirs and symphonies and recorded more than three dozen solo albums. When Nielsen was a teenager, his parents opened a music store in Rockford, and Rick learned to play several instruments. He played drums for six years, then he decided to learn how to play keyboards and guitar. His first band, The Phaetons, later turned into The Grim Reapers, then Fuse, and they disbanded in 1970 after releasing one album.
Career
Nielsen briefly replaced Todd Rundgren in the band Nazz before forming the group Sick Man of Europe with Tom Petersson and Bun E. Carlos in 1972 in Philadelphia. In 1973, Nielsen and Carlos formed Cheap Trick, and Petersson and Robin Zander joined the band later. Rick wrote most of the songs that appeared on the first few Cheap Trick albums. After the band signed with Epic Records in 1976, they released their debut self-titled album the following year. Their second album, 1977’s “In Color,” reached #73 on the “Billboard” 200 chart and was certified Platinum in the U.S. and Canada. The album featured the single “I Want You to Want Me,” which became a hit after a live version was released in 1979. The live version of the song went Gold in the U.S. and Canada and reached #1 on the charts in Belgium, Japan, and the Netherlands and #7 on the “Billboard” Hot 100 chart. The 1978 album “Heaven Tonight” was certified Platinum in the U.S. and Canada, and it reached #48 on the “Billboard” 200 chart. The single “Surrender” was a top 10 hit in Belgium and the Netherlands. Cheap Trick’s fourth studio album, 1979’s “Dream Police,” went 3× Platinum in Canada and Platinum in the U.S. and Australia, and it reached the top 10 on the charts in five countries. The album’s title track reached #5 on Australia’s Kent Music Report, #7 on New Zealand’s Recorded Music NZ chart, and #9 on Canada’s “RPM” chart.

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In the ’90s, Cheap Trick also released the albums “Woke Up with a Monster” (1994) and “Cheap Trick (1997) and singles such as “You’re All I Wanna Do,” “Didn’t Know I Had It,” “Say Goodbye,” and “Carnival Game.” Next, they released “Special One” (2003), “Rockford” (2006), and “The Latest” (2009) and the singles “Scent of a Woman,” “My Obsession,” “Too Much,” “Perfect Stranger,” and “If It Takes a Lifetime.” The band wouldn’t release another album until 2016’s “Bang, Zoom, Crazy… Hello,” and in 2017, they released two: “We’re All Alright!” and “Christmas Christmas.” “Bang, Zoom, Crazy… Hello” featured the single “When I Wake Up Tomorrow,” which peaked at #24 on the “Billboard” Mainstream Rock chart. In 2021, Cheap Trick released their 20th studio album, “In Another World,” and it reached the top 10 on the “Billboard” Top Album Sales and Top Tastemaker Albums charts as well as the Scottish Albums chart. Nielsen has also performed on songs by John Lennon , Glen Campbell , Hall & Oates, The Yardbirds, Foo Fighters, Mötley Crüe, Dusty Springfield, Gene Simmons , and Alice Cooper .
Personal Life
Rick and his wife, Karen, have four children, Scarlett, Daxx, Miles, and Erron. Nielsen has reportedly owned around 2,000 guitars, and in 2002, 34 of his guitars were included in the “Customised Culture – Cars, Guitars, and Lowbrow Art” exhibition at the Rockford Art Museum in Illinois. From August 2012 to April 2013, Rockford’s Burpee Museum of Natural History hosted the exhibition “Rick’s Picks: A Lifelong Affair with Guitars and Music,” which featured “a huge collection of Nielsen’s guitars, personal items, stage clothing and Cheap Trick memorabilia.” Rick is a co-owner of the Piece Brewery & Pizzeria in Chicago as well as the alcohol brand ROCK’N Vodka.
Award Nominations
In 1980, Cheap Trick earned an American Music Award nomination for Favorite Pop/Rock Band/Duo/Group.
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