Walter Egan Net Worth (Updated 2026).
Walter Egan, born in 1948, kicked off his musical journey in the late 1960s, playing bass guitar in various bands around Los Angeles. He honed his craft in the vibrant music scene, soaking up influences from the diverse range of bands he performed with.
Egan’s big break came in the mid-1970s when he was discovered by legendary record producer, Jimmy Ienner. Ienner was impressed by Egan’s unique sound and signed him to a record deal. His debut album, “Not Shy,” was released in 1977, featuring the hit single “Magnet and Steel,” which catapulted him to fame.
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Walter Egan’s Current Net Worth (2025)
As of 2025, Walter Egan’s current net worth is estimated to be around $500,000. This figure is based on his successful music career and various investments.
Career
Walter Egan is a renowned American singer-songwriter, best known for his hit single “Magnet and Steel” from his 1978 album “Not Shy”. He has also worked as a producer and songwriter for other artists, contributing to their success in the music industry.
Other Ventures
Besides his music career, Egan has ventured into acting, appearing in several TV shows and movies. He has also been involved in the production of various music albums, further diversifying his income streams.
Assets
Walter Egan owns a home in Los Angeles, California, which is estimated to be worth around $300,000. He also owns several musical instruments and a collection of vintage cars, which add to his overall net worth.
Annual Income
Egan’s annual income primarily comes from his music royalties, live performances, and acting gigs. His exact annual income is not publicly disclosed, but it’s estimated to be around $50,000 to $100,000 per year, depending on his tour schedule and other projects.
Frequently Asked Questions about Walter Egan
1. What is Walter Egan’s net worth?
Walter Egan’s net worth is estimated to be around $5 million.
2. How old is Walter Egan?
Walter Egan was born on March 25, 1948, making him 74 years old.
3. Where was Walter Egan born?
Walter Egan was born in Los Angeles, California, USA.
4. What is Walter Egan’s most famous song?
Walter Egan’s most famous song is “Magnet and Steel,” which was released in 1978.
5. Who wrote the song “Magnet and Steel”?
Walter Egan wrote the song “Magnet and Steel” himself.
6. What record label was Walter Egan signed to?
Walter Egan was signed to Columbia Records.
7. What instrument does Walter Egan play?
Walter Egan is a guitarist and singer-songwriter.
8. Has Walter Egan won any awards?
Walter Egan has not won any major awards, but his song “Magnet and Steel” was nominated for a Grammy Award in 1979.
9. Is Walter Egan still active in music?
Yes, Walter Egan is still active in music and performs live shows occasionally.
10. What is Walter Egan’s height?
Walter Egan is 5 feet 10 inches (178 cm) tall.
