Hilly Kristal: Surprising Wealth Behind the Punk Pioneer of CBGB
Kristal’s Unexpected Fortune Upon his passing in 2007, Hilly Kristal, founder of the iconic punk club CBGB, left behind a surprising fortune of $3.7 million. This revelation shocked many who associated punk with financial hardship. While Kristal was known for fostering the careers of bands like the Ramones, his business acumen remained largely unknown. Sources of Kristal’s Wealth Despite CBGB’s legendary status, the sources of Kristal’s wealth remain debated. Some speculate he owned the building that housed CBGB, which may have provided significant rental income....