Timothy B Schmit Net Worth (Updated 2025).
Timothy B. Schmit, born on October 30, 1947, in Sacramento, California, began his musical journey at an early age, learning to play the upright bass and eventually transitioning to the electric bass. His professional career took off in the early 1970s when he joined the band Poco, a pioneering country-rock group. It was during his time with Poco that Schmit honed his skills and gained recognition as a versatile musician.
Schmit’s fame began to soar in 1977 when he was invited to join the legendary band The Eagles, following the departure of a founding member. His smooth bass lines and harmony vocals contributed significantly to the band’s continued success, including the iconic album “Hotel California.” Schmit’s tenure with The Eagles has been marked by numerous hit songs and sold-out tours, solidifying his status as one of the most influential bassists in rock history.
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Timothy B. Schmit’s Current Net Worth (2025)
As of 2025, Timothy B. Schmit’s net worth is estimated to be around $160 million. This significant wealth accumulation is primarily due to his successful music career spanning over four decades.
Career
Timothy B. Schmit is a renowned American musician, singer, and songwriter, best known as a member of the Eagles. He joined the band in 1977, contributing to their albums like ‘The Long Run’ and ‘Hell Freezes Over’. Prior to the Eagles, Schmit was a member of Poco, another influential country-rock band. He has also released several solo albums and collaborated with various artists.
Other Ventures
In addition to his music career, Schmit has ventured into acting. He had a small role in the 1980 film ‘Used Cars’. He is also known for his philanthropic work, supporting various causes including autism awareness and research, as well as environmental conservation.
Assets
Schmit owns a luxurious estate in Malibu, California, valued at around $12 million. He also owns a ranch in Montana, where he often retreats for privacy and inspiration. His asset portfolio includes a collection of vintage cars and a significant stake in the music publishing company, Big Deal Music.
Annual Income
While Timothy B. Schmit’s exact annual income is not publicly disclosed, it’s estimated to be in the range of $5-10 million per year. This includes earnings from music sales, touring, royalties, and other ventures. His wealth has also been boosted by the Eagles’ extensive back catalog and ongoing popularity.
Frequently Asked Questions about Timothy B Schmit
**Frequently Asked Questions: Timothy B. Schmit Net Worth**
1. What is Timothy B. Schmit’s net worth?
Timothy B. Schmit’s net worth is estimated to be around $80 million.
2. How did Timothy B. Schmit make his money?
Schmit made his fortune primarily as a musician, songwriter, and producer. He is best known for being a member of the Eagles and Poco.
3. What is Timothy B. Schmit’s role in the Eagles?
Schmit joined the Eagles in 1977, replacing Randy Meisner. He is a vocalist and bassist for the band.
4. Which albums has Timothy B. Schmit recorded with the Eagles?
Schmit has recorded on several Eagles albums, including “The Long Run”, “Eagles Live”, “Hell Freezes Over”, “Long Road Out of Eden”, and “History of the Eagles”.
5. What other bands has Timothy B. Schmit been a part of?
Before joining the Eagles, Schmit was a member of the band Poco. He has also played with other artists like Linda Ronstadt, Jimmy Buffett, and Ringo Starr.
6. Has Timothy B. Schmit won any awards?
Yes, Schmit has won six Grammy Awards as a member of the Eagles.
7. What is Timothy B. Schmit’s most successful song?
One of Schmit’s most successful songs is “I Can’t Tell You Why”, which he co-wrote and sang lead vocals for on the Eagles’ album “The Long Run”.
8. Does Timothy B. Schmit have any solo albums?
Yes, Schmit has released several solo albums, including “Play On”, “Feels Like Home”, and “Expando”.
9. What is Timothy B. Schmit’s highest-grossing tour?
Schmit’s highest-grossing tour was with the Eagles’ “History Tour” in 2018, which grossed over $173 million.
10. What is Timothy B. Schmit’s philanthropic work?
Schmit is involved in various charitable causes, including the Eagles’ own charity, the Eagles Automotive Group Foundation, which supports various causes such as education, health, and social services.
