Nickelback Is Surprisingly Worth Billions Of Nickels

Nickelback Is Surprisingly Worth Billions Of Nickels

November 22, 2019 68 By Kailee Schamberger


Ah, Nickelback. They’re the band the world loves to hate,
or that’s how it seems, at least. These days, it’s actually kind of a running
joke how loathed they are. “It’s like if the Beatles were produced by
Nickelback. It’s music, but it sucks.” But you might be surprised to find that things
haven’t exactly turned out badly for Chad Kroeger and his much-maligned band. Let’s get the stats out of the way: Celebrity
Net Worth lists Kroeger’s net worth at $60 million, which, in case you’re wondering,
amounts to around 1.2 billion nickels. Meanwhile, keyboardist and guitarist Ryan
Peake has an estimated $50 million. The site doesn’t provide estimates for Chad’s
brother, bassist Mike Kroeger, or drummer Daniel Adair, but in 2018, Mike bought a mansion
that formerly belonged to Bela Lugosi for about $3.8 million. So it’s probably fair to say he’s not pinching
the pennies either. So how does such a controversial band find
themselves swimming in cash? Well, by being wildly successful, of course. Take their 2005 album All the Right Reasons,
for example. In 2017, the album reached diamond status,
meaning it has achieved over 10 million sales and equivalent streaming plays. That milestone placed the band in shockingly
rare company. To date, Garth Brooks and Adele are the only
other artists with albums that have hit diamond status since 2005. Still, something seems up. Adele managed to hit that target with the
critically-adored 21, while Garth Brooks’ most recent diamond album was a compilation
of the singer’s greatest hits. But All the Right Reasons was panned by critics,
with one reviewer calling the band “unspeakably awful” and Rolling Stone asserting: “All the Right Reasons is so depressing, you’re
almost glad Kurt (Cobain)’s not around to hear it.” Even more incredibly, in 2017, Nickelback
became the 11th best-selling band of all time, touting more than 50 million album sales since
1995. Obviously, that’s a heck of a long way from
where they started off. Once upon a time in Hanna, Canada, Nickelback
was a band that called themselves the Village Idiots. And Hanna doesn’t exactly have Canada’s hottest
music scene. Instead, it’s more of a place for oil rig
workers, farmers, and coal miners. At the time, Village Idiot Mike Kroeger worked
as a barista at Starbucks, and presumably didn’t go home to Bela Lugosi’s old crib at
the end of the day. In fact, it was Kroeger who literally coined
the name Nickelback, from the amount of change customers received from their orders: a nickel. The Idiots weren’t entirely unpopular before
changing their name, but they gained only minor local fame by covering the songs of
more famous artists. Meanwhile, Chad Kroeger wasn’t doing much
better. Mike and Chad’s dad abandoned them when Chad
was just two years old, leaving the family in a financial lurch. Of course, Chad raised hell growing up. He ran afoul of the law on numerous occasions,
and even spent time in juvenile detention for breaking into his school to steal money. Looking back on his hell-raising days, Chad
would later say: “I honestly think if Nickelback hadn’t worked
out, I’d be in jail, on a charge of grand theft auto or trafficking.” But Nickelback did work out, and now Chad
lives in a very different world, just like his brother and their bandmates. And while some people might stop to wonder
how a band so contentious could possibly shift as many records as they have, even the most
ardent Nickelback-hater has got to admit: these guys started with little…and did a
heck of a lot. Credit where credit’s due, right? Check out one of our newest videos right here! Plus, even more Grunge videos about your favorite
stuff are coming soon. Subscribe to our YouTube channel and hit the
bell so you don’t miss a single one.