Mike Mills, born Michael Joseph Mills, began his musical journey in the late 1970s, growing up in the college town of Athens, Georgia. Here, he crossed paths with fellow musicians Peter Buck and Bill Berry, forming the nucleus of what would become the iconic alternative rock band, R.E.M.

After playing in various local bands, Mills, along with his newfound friends, decided to start something fresh and unique. In 1980, they officially formed R.E.M., with Mills on bass, Buck on guitar, Berry on drums, and Michael Stipe as the lead vocalist. Their first single, “Radio Free Europe,” was released in 1981, marking the beginning of their rise to fame.

Mike Mills (REM) Net Worth in 2025

As of 2025, Mike Mills, co-founder and bassist of the rock band R.E.M., has an estimated net worth of $120 million. This figure is inclusive of his earnings from the band’s music sales, tours, and royalties, as well as his solo projects and production work.

Mike Mills’ Career

Mike Mills, born in 1958, is an American musician, singer, and songwriter. He is best known as the bassist and a founding member of the alternative rock band R.E.M., which was formed in Athens, Georgia, in 1980. Throughout his career with R.E.M., Mills has contributed to the band’s distinctive sound and has played a significant role in their success, with hits like “Losing My Religion” and “Everybody Hurts”. The band was inducted into the Rock and Roll Hall of Fame in 2007.

Other Ventures

In addition to his work with R.E.M., Mills has been involved in various other projects. He has produced albums for artists such as Indigo Girls and Kristin Hersh, and has also collaborated with other musicians, including Peter Buck and Scott McCaughey, in side projects like The Minus 5 and The Baseball Project. Mills has also scored films and composed music for theater productions.

Assets

Mike Mills’ assets include his extensive music catalog, which includes R.E.M.’s discography and his solo work. He also owns properties in Athens, Georgia, and Los Angeles, California. His collection of vintage instruments and music memorabilia is another significant asset. Mills is also known for his philanthropic efforts, having donated to various causes and organizations throughout his career.

Annual Income

Mike Mills’ annual income is primarily derived from R.E.M.’s royalties, which continue to generate substantial earnings despite the band’s dissolution in 2011. His production work and solo projects also contribute to his annual income. However, the exact figure is not publicly disclosed and can vary year to year. According to Celebrity Net Worth, Mills’ peak earnings were around $20 million per year during R.E.M.’s heyday in the late 1990s and early 2000s.

Frequently Asked Questions about  Mike Mills R E M

Frequently Asked Questions about Mike Mills of R.E.M.

1. What is Mike Mills’ net worth?

Mike Mills, the bassist and co-songwriter of R.E.M., has an estimated net worth of $120 million.

2. When was Mike Mills born?

Mike Mills was born on December 17, 1958, in Orange County, California.

3. How did Mike Mills meet the other members of R.E.M.?

Mike Mills met Michael Stipe and Bill Berry in high school, and they later formed R.E.M. with Peter Buck in 1980.

4. What instruments does Mike Mills play?

Mike Mills primarily plays bass guitar, but he also plays keyboards, guitar, and sings backing vocals in R.E.M.

5. Has Mike Mills released any solo albums?

Yes, Mike Mills released his debut solo album, “The Game Is Over,” in 2014. He also released an EP titled “Miracle Legion” in 2017.

6. What are some of Mike Mills’ notable works outside of R.E.M.?

Mike Mills has produced albums for artists like The Minus 5, Robyn Hitchcock, and The Baseball Project. He has also composed film scores, including for the films “The Wendell Baker Story” and “Bernie.”

7. Does Mike Mills have any siblings?

Yes, Mike Mills has a younger brother named David Mills, who is also a musician and has played with R.E.M. on several occasions.

8. What is Mike Mills’ political affiliation?

Mike Mills is a Democrat and has been involved in political activism, including supporting various Democratic candidates and causes.

9. Does Mike Mills have any children?

Yes, Mike Mills has two children, a daughter named Nina and a son named Paul.

10. What is Mike Mills’ height?

Mike Mills is 6 feet 2 inches (1.88 m) tall.