Duff McKagan Becomes Financial Advisor
Former GNR man starts new company
The NME reports that Duff has partnered with investor Andy Bottomley to start financial advice firm Meridian Rock.
Speaking to Fortune Magazine about the venture, McKagan said that his new firm would help out young musicians who could be caught unaware by sudden financial success.
He said of his days in at the peak of their fame: "I couldn't make sense of it the money he was earning. I didn't know how much we had made or lost on the tour. As a 30 year-old millionaire, how do I admit to somebody that I don't know what the fuck I'm doing?"
He added back then he "didn’t know what a stock was, what a bond was".
Duff's interest in finance came after he left GNR in the mid-90s. He studied at Santa Monica Community College and then went on to enrol full time at Seattle University’s Albers School of Business.