Sammy Hagar, lead singer for Van Halen made more money from Cabo Wabo than all record, concert, song royalties, and products combined.
He is the founder of the Cabo Wabo Tequila brand along with Cabo
Wabo night clubs and restaurants. In 2007, Hagar sold an eighty
percent share of the tequila brand for $80 million and sold the rest
a three years later. Now he started a new venture with "Sammy's
Beach Bar Rum".
Hagar claims he came up with the name after watching a man walk
unsteadily along a local beach In Cabo San Lucas after a heavy
night's partying. He used Cabo and shortened "wobble" to "wabo" and
said the man was doing the "Cabo wabo."