Ace Frehley’s net worth: Ace Frehley is an American rock musician who has a net worth of $ 1 million. Ace Frehley was born in The Bronx, NY, in April 1951. As a child, he was in a street gang in New York called The Duckies. He obtained an electric guitar for Christmas in 1964 and learned to play at the age of 13. Frehley would later say that playing the guitar saved his life, as it prevented him from going further on the road with street gangs. He left high school when his band Cathedral began receiving paid concerts. In 1972, his friend saw an announcement in Village Voice that turned out to be for the band Kiss. Frehley played the lead guitar for Kiss from 1973 to 1982. He developed the Kiss persona of “Space Ace” or “Spaceman”. After leaving Kiss, Ace launched a solo career. He later rejoined the band in 1996 for a reunion tour. He stayed with Kiss until 2002 when the band embarked on their farewell tour. Ace was ranked by Guitar World magazine as the 14th best metal guitarist of all time. It has two guitar lines with Gibson Signature Les Pauls. Unfortunately, life has been a bit challenging for Ace. He fought drugs and alcohol for many years, which was a source of frustration for his bandmates. He has been sober for more than a decade. In February 2013, a bank in Yorktown, NY, executed foreclosure on his home after he failed to pay $ 735,000 in mortgage payments. He also forgot to pay two years of property taxes on the 3-acre home.