Stone Gossard Net Worth

What Is Stone Gossard's Net Worth?

Stone Gossard is an American musician and producer who has a net worth of $75 million. Stone Gossard, also known as "Carpenter Newton," built his net worth as a guitarist, songwriter, and owner of a record label and recording studio, and, most importantly, as one of the founders of the rock band Pearl Jam. Before co-founding Pearl Jam with Mike McCready and Jeff Ament in 1990, Stone was in the bands Green River and Mother Love Bone. Shortly before forming Pearl Jam, Gossard, McCready, and Ament joined Chris Cornell's band Temple of the Dog. The trio later recruited Eddie Vedder and Dave Krusen for a new band, Pearl Jam.

Pearl Jam has gone on to sell more than 85 million albums worldwide. With Pearl Jam, Gossard has released 11 studio albums and won a Grammy, and the band was inducted into the Rock and Roll Hall of Fame in 2017. Stone has released the solo albums "Bayleaf" (2001) and "Moonlander" (2013), and he produced the 1998 music video "Pearl Jam: Do the Evolution" and the 2013 documentary "Alive & Well," which is about people living with Huntington's Disease. In 1994, he founded Loosegroove Records, which released Queen of the Stone Age's debut album in 1998. Gossard has also produced music for artists such as Weapon of Choice and Satchel, and he owns a Seattle recording studio called Studio Litho.

Early Life

Stone Gossard was born Stone Carpenter Gossard on July 20, 1966, in Seattle, Washington. He is the son of Mary Carolyn Carpenter and David W. Gossard Jr., and he has two sisters, Shelly and Star. David was a lawyer, and Mary worked for the city government. Stone attended Seattle's Northwest Boarding School, and the first band he played in was called March of Crimes. The band also included Ben Shepherd, who would go on to become Soundgarden's bassist, and future novelist Jonathan Evison. Gossard later joined future Mudhoney guitarist Steve Turner's band The Ducky Boys.

Early Bands

Steve Turner later formed the band Green River with vocalist Mark Arm, bassist Jeff Ament, and drummer Alex Vincent. He asked Stone to join the group, and the band released the EPs "Come On Down" (1985) and "Dry As a Bone" (1987) and the album "Rehab Doll" (1988). After Green River split up in 1988, Gossard formed Mother Love Bone with Ament, Bruce Fairweather, Andrew Wood, and Greg Gilmore. The band signed with Mercury Records in early 1989, and they released the EP "Shine" (1989) and the album "Apple" (1990). Wood died of a heroin overdose in March 1990, and Mother Love Bone subsequently disbanded. Stone reunited with his childhood friend Mike McCready when he saw Mike play with the band Love Chile, and the two were trying to start a band with Jeff Ament when they were all asked to join Soundgarden frontman Chris Cornell's new band Temple of the Dog, which was a musical tribute to Wood. Soundgarden drummer/future Pearl Jam drummer Matt Cameron also joined the band, and Temple of the Dog released a self-titled album on A&M Records in 1991. The album featured the singles "Hunger Strike" and "Say Hello 2 Heaven," which both reached the top 10 on the "Billboard" Mainstream Rock chart.

Pearl Jam

In 1990, Gossard, McCready, and Ament formed the band Mookie Blaylock with Eddie Vedder and Dave Krusen. After signing with Epic Records in 1991, they changed the band name to Pearl Jam, and they released their debut album, "Ten," on August 27, 1991. "Ten" reached #2 on the "Billboard" 200 chart and was certified Diamond in the U.S. and Platinum or higher in eight other countries. The album featured the singles "Alive," "Even Flow," "Jeremy," and "Oceans," and "Even Flow" and "Jeremy" were top 10 hits on the "Billboard" Mainstream Rock chart. Their next three albums, "Vs." (1993), "Vitalogy" (1994), and "No Code (1996), reached #1 on the "Billboard" 200 chart, Australian ARIA Charts, and Official New Zealand Music Chart and went Platinum or higher in the U.S., Australia, and Canada. Those three albums spawned several top 10 hits on the Mainstream Rock chart, including "Daughter" (#1), "Dissident" (#3), and "Who You Are" (#5). In 1994, Pearl Jam began boycotting Ticketmaster, and Gossard and Ament testified before Congress on the matter. The band won a Grammy in 1996 for the "Vitalogy" track "Spin the Black Circle," and the single "Given to Fly" from the 1998 album "Yield" topped the Mainstream Rock chart and reached #21 on the "Billboard" Hot 100 chart.

In 2000, Pearl Jam released their sixth studio album, "Binaural" and began releasing a series of live bootlegs. More than 70 official bootlegs were released in 2000 and 2001, setting a "Billboard" 200 record for most albums to debut at the same time. The band then released the albums "Riot Act" (2002), "Pearl Jam" (2006), and "Backspacer" (2009), and the 2006 single "World Wide Suicide" reached #1 on the "Billboard" Alternative Songs chart and #2 on the Mainstream Rock chart. Their tenth studio album, "Lightning Bolt," was released in 2013, followed by "Gigaton" in 2020. Both albums reached #1 on the charts in several countries, and "Lightning Bolt" was certified Platinum or higher in Canada, Italy, and Portugal. Since joining Pearl Jam, Gossard has also released albums with the bands Brad (1993's "Shame," 1997's "Interiors," 2002's "Welcome to Discovery Park," 2010's "Best Friends?," and 2012's "United We Stand") and Painted Shield (2020's "Painted Shield"), and he released the solo albums "Bayleaf" (2001) and "Moonlander" (2013). In 1995, Stone and his Pearl Jam bandmates performed on the Neil Young album "Mirror Ball" and served as Young's backing band on an 11-date tour.

Personal Life

Stone married Liz Weber on March 3, 2007, and they welcomed daughter Vivian (born April 2007) before divorcing in May 2011. Gossard married Vivien Wang on October 1, 2011, and they have three daughters together, Faye, Marlowe, and Gwinny.

Awards and Nominations

Pearl Jam has earned 12 Grammy nominations, winning Best Hard Rock Performance for "Spin the Black Circle" in 1996. Their other nominations were for Best Hard Rock Performance with Vocal for "Jeremy" (1993),  Best Rock Performance by a Duo or Group with Vocal for "Daughter" (1995), Best Hard Rock Performance for "Go" (1995), "Do the Evolution" (1999), and "Grievance" (2001), Best Rock Album for "Vs." (1995), "Vitalogy" (1996), and "Backspacer" (2011), Album of the Year for "Vitalogy" (1996), Best Short Form Music Video for "Pearl Jam: Do the Evolution" (1999), and Best Recording Package for "Yield" (1999).

The band won American Music Awards for Favorite Pop/Rock New Artist in 1993, Favorite Heavy Metal/Hard Rock New Artist in 1993 and 1996, and Favorite Alternative Artist in 1996 and 1999, and they received a CableACE Award nomination for Performance in a Music Special or Series for the "1993 MTV Video Music Awards" (shared with Neil Young) in 1995. In 2004, "Man of the Hour" from the "Big Fish" soundtrack earned them an Online Film & Television Association Award nomination for Best Music, Original Song and a World Soundtrack Award nomination for Best Original Song Written for Film. Pearl Jam has also received five MTV Video Music Award nominations, winning Video of the Year, Best Group Video, and Best Metal/Hard Rock Video for "Pearl Jam: Jeremy, Color Version" in 1993. The video also received a Viewer's Choice nomination, and "Pearl Jam: Alive" was nominated for Best Alternative Video in 1992.

Real Estate

In 1992, Gossard paid $230,000 for a 2,610 square foot home in Seattle. He sold the three-bedroom, 1.5-bathroom home for $885,000, $120,000 above the asking price, in 2017.