The Red Rocker and Van Halen singer has made a killing thanks to Cabo Wabo. The fun name isn't just a Van Halen song. It's also Hagar’s chain of restaurants and nightclubs in Cabo San Lucas, Hollywood, Lake Tahoe, and Las Vegas. Initially, it was a failure, but Hagar bought out his bandmates, got a new partner in 1994, and remodeled.

Cabo Wabo was also the name of a tequila Hagar owned, though he sold that in 2007 for $80 million, according to CNN.