Net Worth Ranker
What is Jason Newsted’s Net Worth?
Jason Newsted, the American heavy metal musician best known for his time as the bassist for Metallica, has amassed a considerable fortune over his career. As of 2025, Jason Newsted’s net worth is estimated to be $60 million. This wealth stems from his involvement in successful bands like Metallica, Voivod, and Flotsam and Jetsam, as well as his solo projects and business ventures.
Metallica Years: Peak Earnings and Royalties
Newsted joined Metallica in 1986, following the tragic death of original bassist Cliff Burton. He remained with the band until 2001, contributing to some of their most commercially successful albums. During his tenure, Metallica released iconic albums such as “…And Justice for All”, “Metallica” (the Black Album), “Load”, and “Reload”.
The “Metallica” album, released in 1991 and often referred to as the Black Album, has been certified 16x platinum. Its continued sales, reportedly around 5,000 copies per week even three decades after its release, have generated substantial royalties for Newsted and the other band members. While the exact breakdown of royalties isn’t publicly available, it’s understood that the Black Album contributes significantly to his overall net worth.
Newsted also co-wrote three notable Metallica songs: “Blackened”, “My Friend of Misery”, and “Where the Wild Things Are”. Songwriting credits translate to additional royalties and performance revenue, further boosting his earnings during his time with Metallica.
Post-Metallica Career and Business Ventures
After leaving Metallica in 2001, Newsted pursued various musical endeavors, including his band Echobrain and a stint with Canadian thrash metal band Voivod. He also replaced Robert Trujillo in Ozzy Osbourne’s band during Ozzfest 2003, showcasing his versatility and demand as a bassist.
In addition to his musical pursuits, Newsted founded Chophouse Records, a studio and label based in California. This venture allows him to produce and promote his own music, as well as support other artists. The financial success of Chophouse Records contributes to his overall net worth. Newsted operates under the pseudonym Jasonic for Voivod and as the name of his music publishing company, adding a layer of branding and control to his creative output.
Real Estate Holdings: From California to New York
Jason Newsted has invested in real estate over the years, with properties ranging from California to Montana and Florida. In August 2019, he listed his 6,700 square foot mansion in Walnut Creek, California, for $2.9 million. The property ultimately sold in November 2019 for $2.3 million. A video tour of this former residence showcased its luxurious amenities and spacious layout.
Newsted previously owned a 545-acre ranch in Montana, named the Rockin JN Ranch. The property featured multiple ponds, a custom-built 6,000 square foot timber-framed mansion, a three-bedroom manager’s quarters, a two-bedroom guest apartment, a machine shop, and a greenhouse. Listed for sale in October 2017 for $4.95 million, the ranch’s current status is unconfirmed, with some reports suggesting a sale in July 2021, though no official transaction has been recorded.
He also owns several homes in Jupiter, Florida, and a large country property in Michigan. In early 2020, Newsted spent $6.1 million on a three-acre lakefront property on Skaneateles Lake in New York. These real estate investments contribute significantly to Jason Newsted’s net worth, reflecting his financial success and diversification of assets.
