Michael Lang's net worth is estimated to be $10 million by Celebrity Net Worth. He was an American concert manager, producer, and promoter. Along with the significant revenue he accumulated throughout his career, it is believed that the 1999 Woodstock music festival did make a sizeable profit. Michael Lang made a lot of profit organizing Woodstock 99 because tickets were $150 and there were almost 400,000 attendees. Amazingly, only ticket sales generated $60 million.
In its first three days, the three-day music event known as Woodstock celebrated love, peace, and unity. It was held in August 1969. Years after the first event, Michael Lang and Kornfeld made an effort to reproduce it for a new generation. Despite the high hopes, poor venue selection, rioting, destruction, and assault turned the event into one of the most contentious music festivals in history.
People stopped taking the festival seriously when they realized that the original message of love and peace was being abandoned in favor of making people suffer by drastically raising the cost of everything. After becoming weary of their abuse, the irate supporters set nearby trucks ablaze. Much has been said about the music festival that is regarded as one of the worst in history since the debut of the Netflix docuseries Trainwreck: Woodstock '99.
As the co-founder of the Woodstock/99 music event, Michael Lang left a vacuum in the music business when he passed away in January 2022. American music luminaries referred to him as the face of music. How much money did Michael Lang make? What is Michael Lang's net worth? How much money did Michael Lang make? Well, here is everything you need to know about the festival's co-founder's work.
Michael Lang’s Net Worth Is Around $10 Million; In 1999, the Woodstock Music Festival Did Make a Sizeable Profit!
According to Celebrity Net Worth, Michael Lang's net worth is around $10 million. He was a concert producer, manager, and promoter from the United States, best known for founding the Woodstock 99 music festival, through which he made a huge profit. His role in one of New York's biggest music festivals was documented in the 1970 documentary Woodstock: 3 Days of Peace & Music.
Lang was called at the last minute to assist with the relocation of the 1969 Altamont Free Concert, which featured The Rolling Stones, Santana, The Grateful Dead, and other performers. Lang ran Just Sunshine Records as its owner and manager. For Woodstock: Now & Then, he was nominated for a News & Documentary Emmy Award in 2010.
As an associate producer, Lang worked for his record label, the Michael Lang Organization. Over the years, MLO has collaborated with a wide range of artists, such as Madonna, Alicia Keys, Kid Rock, Christina Aguilera, and Avril Lavigne. Michael's Just Sunshine Records has created a major body of work by recording and distributing more than 40 CDs by performers like Karen Dalton, Betty Davis, and Mississippi Fred McDowell.
In 2009, Michael Lang and Joel of Woodstock Ventures teamed up with Sony Music Entertainment to launch the new woodstock.com website in remembrance of the heritage of the original Woodstock Festivals.
The New York Times reported that Michael passed away on January 8, 2022, at the age of 77. Non-Hodgkin's lymphoma caused his death in a hospital in Manhattan. Along with the considerable wealth he amassed throughout his career, the 1999 music festival he organized is thought to have brought in a sizable sum of income.
According to reports, each ticket cost $150 plus a service fee. The Washington Post reports that with almost 400,000 participants, ticket sales alone brought in an astounding $60 million.
Additionally, it is claimed that the $73,000 was earned by the 11 NGOs working on-site at the food booth. He organized the 1968 Miami Pop Festival, which featured performers including John Lee Hooker and Jimi Hendrix.
The throngs set up shop on the Griffiss Air Force Base, eager to immerse themselves in cultural history and experience firsthand the free-spirited ethos of the 1969 and 1994 Woodstock festivals, only to find that it wasn't quite what it was built up to be. The Netflix show Trainwreck: Woodstock '99 examines the complete failure.