German rock guitarist Michael Willy Schenker has an estimated net worth of $6 million in 2012.

Originating from Sarstedt, Germany, this musician, songwriter and producer started getting attention when he became a member of Scorpions and by mid-70s, he became UFO's lead guitarist. In 1978, he left UFO and from then on, he led the Michael Schenker Group. He left and returned to UFO thrice and each time he returned, the group released a new album. Despite being a legendary personality in the world of metal guitar, Michael Schenker had to go through several ups and downs in his career primarily due to his personal problems and alcoholism.

He was named by Guitar World magazine as one of its 100 Greatest Heavy Metal Guitarists. In 2012, he became a recipient of "ROCK GUITAR LEGEND" award during the Vegas Rocks! Magazine Music Awards.