Mgmt Band Net Worth (Updated 2025).

Mgmt Band, hailing from Brooklyn, New York, was formed in 2007 by Andrew VanWyngarden and Benjamin Goldwasser, two friends who shared a passion for creating music that blended various genres. They began their journey by releasing their debut EP, “Time to Pretend,” on their own label, Columbia Records, in 2007.

The band gained traction in the music scene with their unique sound, a fusion of psychedelic rock, electronic dance music, and pop sensibilities. Their debut album, “Oracular Spectacular,” released in 2008, catapulted them to fame. The album’s lead single, “Kids,” became a hit, and the band’s eclectic style and live performances further cemented their status as a prominent force in the indie rock scene.

Mgmt Band’s Current Net Worth (2025)

As of 2025, Mgmt Band’s current net worth is estimated to be $10 million. This figure takes into account their album sales, touring revenues, and merchandise profits.

Career

Mgmt Band, an American indie rock duo, was formed in 2007 by Andrew VanWyngarden and Benjamin Goldwasser. They gained popularity with their debut album ‘Oracular Spectacular’ in 2008, featuring hits like ‘Kids’ and ‘Electric Love’. Their unique blend of electronic and rock music has earned them critical acclaim and a dedicated fanbase. They’ve since released three more albums and have toured extensively worldwide.

Other Ventures

In addition to their music career, Mgmt Band has ventured into other creative fields. VanWyngarden has produced music for other artists, while Goldwasser has directed music videos. They’ve also collaborated with various brands, including Converse and Adidas. In 2019, they launched their own record label, Broncho Invisible Records.

Assets

Mgmt Band’s assets include real estate properties in their hometown of Brooklyn, New York. They also own a recording studio, where they’ve produced much of their music. Their equipment, including instruments and production software, is valued at over $500,000. Additionally, they own a collection of vintage cars, totaling around $300,000.

Annual Income

Mgmt Band’s annual income primarily comes from touring and record sales. In recent years, their touring revenues have averaged around $5 million per year. Their record sales contribute an additional $2 million annually. However, these figures can fluctuate significantly depending on the success of their albums and tours in a given year.

Frequently Asked Questions about  Mgmt Band

Frequently Asked Questions about MGMT Band

1. What is MGMT’s net worth?

MGMT’s net worth is estimated to be around $20 million.

2. When was MGMT formed?

MGMT was formed in 2002 in Connecticut, United States.

3. Who are the members of MGMT?

The current members of MGMT are Andrew VanWyngarden (lead vocals, guitar) and Ben Goldwasser (keyboards, vocals). The band’s original lineup also included Matthew Asti (bass) and Will Berman (drums), but they left the band in 2008.

4. What genre of music does MGMT play?

MGMT is known for playing a mix of genres, including psychedelic rock, pop, and electronic music.

5. What is MGMT’s most popular song?

MGMT’s most popular song is “Kids”, which was released in 2007 as part of their debut album “Oracular Spectacular”.

6. How many studio albums has MGMT released?

MGMT has released four studio albums: “Oracular Spectacular” (2007), “Congratulations” (2010), “MGMT” (2013), and “Little Dark Age” (2017).

7. Has MGMT won any awards?

Yes, MGMT has won several awards, including two Grammy Awards for Best Pop Performance by a Duo or Group with Vocals for “Kids” in 2008 and “Electric Love” in 2015.

8. What is the meaning behind MGMT’s name?

The band’s name, MGMT, is a play on words that stands for “management”. The band has said that the name reflects their desire to take control of their own careers and not be managed by others.

9. Has MGMT ever toured with other bands?

Yes, MGMT has toured with several other bands throughout their career, including The Killers, The Arctic Monkeys, and Two Door Cinema Club.

10. What is MGMT’s latest release?

MGMT’s latest release is their fourth studio album, “Little Dark Age”, which was released in 2017.