What is Joey Kramer’s Net Worth?
|Net Worth:||$100 Million|
|Age:||72 Years Old|
|Born:||21 June 1950|
|Salary (Annual):||$5 Million each year|
Joey Kramer’s net worth: Joey Kramer is an American drummer, songwriter, and businessman who has a net worth of a cool $100 million. He is best known as the drummer for Aerosmith, a hard rock band. Kramer has been one of rock’s best drummers for over 40 years, combining emotional empathy with technical proficiency to transmit the creative ideas of his Aerosmith bandmates.
His precise time and sturdy rhythms have added as much to the sound of Aerosmith albums as Steven Tyler’s voice and Joe Perry’s guitar. Kramer and Aerosmith have experienced immense success during their careers, selling more than 150 million albums and selling out concert dates all around the world.
He has also penned a number of popular songs for the group, including Pandora’s Box, The Hop, Can’t Stop Lovin’ You, and others. Rolling Stone and Hit Parader magazines named them one of the best rock bands, and they were the first rock band to be honored as MTV Icons. In 2001, he was inducted into the Rock & Roll Hall of Fame.
Joey Kramer Net Worth Growth
|Net Worth in 2022||$100 Million|
|Net Worth in 2021||$95 Million|
|Net Worth in 2020||$90 Million|
|Net Worth in 2019||$85 Million|
|Net Worth in 2018||$80 Million|
Kramer is best known as the drummer for Aerosmith, one of the biggest arena-rock acts of the late 1970s, which also included Steven Tyler, Tom Hamilton, Joe Perry, and Brad Whitford. To date, the band has had multiple chart-topping and commercially successful albums.
- Aerosmith’s self-titled album made $2.73 million in 1973.
- Get Your Wings made $4.03 million in 1974.
- Toys in the Attic made $10.53 million in 1975.
- Rocks made $5,330,000 in 1976.
- Permanent Vacation made $7,020,000 in 1987.
- Pump made $10,480,000 in 1989.
- Pandora’s Toys and Big Ones and box set Box of Fire made $9,660,000 in 1994.
- O, Yeah! Ultimate Aerosmith Hits made $4,930,000 in 2002.
- Rockin’ the Joint made $194,430 in 2005.
- Devil’s Got a New Disguise made $1,240,000 in 2006.
- 20th Century Masters: The Millennium Collection made $907,400 in 2007.
- Tough Love: Best of the Ballads made $180,650 in 2012.
- Kramer also made a big chunk of his fortune via Aerosmith’s concerts. The Girls of Summer Tour ticket sales brought in roughly $39 million for the band.
Joseph Michael Kramer was born on June 21, 1950, in the Bronx, New York City to Doris and Mickey Kramer who was a businessman. At the age of 14, he began drumming with The Medallions, an 11-piece rhythm and blues band. Kramer went to the Thornton Donovan School for a brief period and was a Berklee College of Music student who played with Chubby & the Turnpikes, afterward known as Tavares, alongside Bernie Worrell.
Kramer reconnected with a friend, Steven Tyler, who had formed a band with Joe Perry and Tom Hamilton and was looking for a drummer he joined and named the band Aerosmith, and later Brad Whitford joined the band in 1971. They toured nonstop for the following two years.
They received their big break in 1972, at New York City’s Max’s Kansas City Club. Clive Davis was in attendance that night and immediately signed them to Columbia Records. The band went on tour in 1973 after releasing their self-titled debut album. “Get Your Wings,” their follow-up album, went gold.
“Toys in the Attic” was released in 1975, following “Rocks” in 1976. During this period, the band took a significant artistic and commercial shift, with successes such as “Last Child,” “Sweet Emotion,” “Back in the Saddle,” and “Walk This Way.” Their tireless touring paid off in platinum and exploded into sold-out pandemonium, culminating in 1978 in front of gigantic crowds of over 80,000 at the iconic Texxas Jam and a sea of over 350,00 at the epic CAL Jam.
In 1979, Joe Perry quit Aerosmith to create The Joe Perry Project, and Brad Whitford left Aerosmith to establish Whitford-St. Holmes. The band’s charm was gone by 1982’s “Rock In a Hard Place.” Cooler heads prevailed, and Perry and Whitford returned to the ensemble for the Back in the Saddle Tour in 1984. The trio got a new record deal with Geffen Records in 1985 and released “Done With Mirrors” in 1986, followed by “Permanent Vacation” in 1987.
The band followed up “Permanent Vacation” with 1989’s “Pump,” which spawned songs such as “Love in an Elevator,” “Janie’s Got a Gun,” “The Other Side,” and “What It Takes.” They ended the decade with their first No. 1 smash single, “I Don’t Want to Miss a Thing,” from the soundtrack of the 1998 film “Armageddon.” The band released “Just Push Play” in 2001 and “Honkin’ on Bobo” in 2004.
Kramer’s solo project “Drum Loops and Samples” has around 340 loops and samples with beats per minute ranging from 71 to 148. His autobiography, Hit Hard: A Story of Hitting Rock Bottom at the Top, was published in 2009. He also appeared as a guest star in an episode of The Simpsons.
Awards and Nominations
Kramer as a part of Aerosmith has garnered numerous awards, including 2 People’s Choice Awards, 6 Billboard Music Awards, 8 American Music Awards, 23 Boston Music Awards, 12 MTV Video Awards, 4 Grammys, and an Academy Award nomination for Best Song, “I Don’t Want to Miss a Thing.”
Joey Kramer owns Joey Kramer’s Rockin’ & Roastin’ Coffee. Kramer unveiled his new association with Comfort Foods, Inc. in 2013, which would now roast, package, and sell his whole bean, organic coffee brand. He established a business collaboration with Les Otten, former vice-chairman of the Boston Red Sox, in 2015 to open two cafés in Maine and Massachusetts, both of which have now closed. Kramer also has part ownership in a car dealership in Plymouth, Massachusetts.
Joey Kramer was married twice, the first time to April Kramer in 1979 and divorced in 2007. They’ve got two kids. Kramer married Linda Kramer, his second wife, in 2009 who died in 2022.
House and Cars
Kramer purchased a 7,700-sq ft Texas mansion in 2016 and listed it for $3.9 million in 2018. The estate has a spacious living room, four bedrooms, four full bathrooms, and two half-baths, as well as an outside eating and lounge area with a fireplace, pool, and spa. In 2017, he listed another 6,400 sq ft duplex in Texas for $2.235 million.
The duplex in Cimarron Hills Golf Course and Country Club Community features a 600-square-foot guest cottage. The main home features three guest suites, as well as a one-bedroom, one-bathroom casita. Kramer also owns a $275,000 Lamborghini Huracán, Lamborghini Gallardo Spyder and Lamborghini Murcielago LP640 which he listed on eBay in 2007.
As of 2022, Joey Kramer’s net worth is estimated to be $100 million. Joey is one of the richest drummers in the world credited for coining the name Aerosmith for the band. Most of his revenue comes from his career as a drummer in the band Aerosmith, solo projects, concerts, tours, record sales, and his own business ventures. With the band, he has received numerous awards over the years. Kramer’s annual income is reported at $5 million.