Ace Frehley dies at age 74: Inside the net worth of KISS guitar icon and the inheritance of his fortune

Rock music has lost one of its most electrifying icons: Ace Frehley.The founding lead guitarist of KISS passed away on October 16, at age 74. True to his name, Ace has been known for his “Spaceman” persona, pyrotechnic guitar effects, and influence on generations of guitarists.

Confirming his passing, his family issued a heartfelt statement, saying they had “surrounded him with loving, caring, peaceful words … as he left this earth.”Frehley’s passing not only marks the end of an era in rock history, as he was the last surviving original member of the classic KISS lineup. It goes without saying that Frehley leaves behind a legacy that towers in rock history.But – beyond his musical legacy – what about his financial legacy? In terms of wealth, what does he leave behind, and who is set to inherit that fortune?Here’s what we know so far — and what remains uncertain.

Ace Frehley’s net worth

Although Frehley certainly is an iconic name in the history of rock music, his wealth accumulation, compared to his musical legacy, has been modest. As per public records, Frehley’s net worth at his death was ‘surprising’, especially considering his long career with KISS. According to multiple credible sources’ estimates, his net worth stands at around $1 million only.However, these estimates may not capture the full complexity of his finances.

Over the decades, Frehley earned from collaborations, album royalties, live performances, merchandising, and licensing. But notably, he also suffered financial setbacks. In 2013, his home was foreclosed due to an unpaid mortgage of $735,000, and he reportedly had unpaid taxes and interest.In fact, in multiple interviews, Frehley commented about the financial volatility of a rock career, acknowledging that success didn’t always guarantee stability.

What remains and who might inherit it

As of now, there is no confirmed public record of a will or detailed estate plan released to the media. Given his marriage to Jeanette Trerotola (in 1976) and their daughter, Monique Frehley, born in 1980, it is likely that immediate family members will have priority in inheritances depending on his final legal arrangements. Because of the legal complexity of music royalties, legacy rights, and intellectual property, some of his revenue streams may persist after his death — especially from recorded music, merchandise, and licensing of KISS-related branding.

There’s a possibility that a portion of those ongoing rights might pass to heirs. However, in light of Frehley’s past encounters, any outstanding debts or liens may reduce the net distributable estate.Given his prior financial struggles (foreclosure, tax issues), there could also be creditors or claims that affect the estate. If he had insurance, trusts, or contractual arrangements, those could shape how his legacy is passed on — but none have been confirmed publicly.

Ace Frehley: The true legacy of a legend

Born as Paul Daniel Frehley in 1951, Ace Frehley soared to fame as the original lead guitarist and creative force in KISS. His iconic silver makeup, cosmic stage persona, and explosive guitar solos helped define KISS’s theatrical identity. He remained an enduring figure in rock, releasing solo work and occasionally rejoining the band for tours. In fact, his solo work, including the platinum success of his 1978 debut (producing the hit “New York Groove”), and his later albums under Frehley’s Comet and solo projects, have kept him in the rock conversation even decades later.

Frehley was inducted into the Rock & Roll Hall of Fame in 2014 along with his bandmates.On September 25, Frehley was reported to have suffered a fall in his studio, resulting in a brain hemorrhage. He was placed on life support in Morristown, New Jersey, and despite medical efforts, he passed away on October 16.While his estimated net worth might seem modest relative to rock legends, Frehley’s impact on music, culture, and fans far exceeds mere dollars. He not only lit up KISS’s early era but also helped craft their identity and inspired countless guitarists to pick up the instrument.