The American musician has an estimated net worth of $275 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “
Fat Schmit Burger” chain) in Washington, a Football Team (the “Oakland Angels”), has launched his own brand of Vodka (
Pure Wonderschmit - US), and is tackling the juniors market with a top-selling perfume (
With Love from Timothy B.) and a fashion line called “
Timothy B. Schmit Seduction”.