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What was Mike Schank's net worth? 'American Movie' star and guitarist dies aged 56

Mike Schank appeared in the popular 1999 documentary 'American Movie' as the lovable friend of the struggling director Mark Borchadt
Guitarist Mike Schank has died at the age of 56 (Screenshot/American Movie)
Guitarist Mike Schank has died at the age of 56 (Screenshot/American Movie)

MILWAUKEE, UNITED STATES: Mike Schank has died at the age of 56. Schank won over viewers as one of the main subjects of Chris Smith and Sarah Price's 1999 documentary 'American Movie' with his low-key but amiable vibe, his talent for music, and his steadfast support for friend Mark Borchadt's dreams of making movies. The death of the musician was reported by director Mark Duplass, and was confirmed by Milwaukee Record. 

Schank also played guitar and contributed music to the documentary's soundtrack. Along with 'Coven', the short film whose making is featured in the documentary, he also acted in 'Storytelling' in 2001 and 'Hamlet ADD' in 2014, besides a guest appearance on 'Family Guy' as himself.


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After the release of 'American Movie', Schank rose to prominence in the independent film community. Two years later, he made an appearance in Todd Solondz's 'Storytelling' as the cinematographer assisting Paul Giamatti in documenting the out-of-sorts lives of an elite family. Other credits include an appearance on 'Family Guy', a cut scene from 'Jason X' (which was available in the bonus features), and minor roles in different independent and horror films.

Schank was Borchardt's musician, extra, assistant director, and general help on the sets of 'Coven'. One of his final social media posts was from this August, when he celebrated 27 years of sobriety. As childhood friends with Borchardt, Schank was one of the most dependable family members and friends that Borchardt enlisted to help him make 'Coven'. Schank cheerfully assisted in whatever way he could to get the short made.

In a radio interview from 2012, Schank stated that he and Borchardt had remained in touch and had been chatting every day. He also expressed his satisfaction at the prospects 'American Movie' gave him. Schank was a significant contributor to the MKE Alano Group, a city-wide sobriety and recovery club, according to The Record.

Jackie Bogenberger, a close friend of Schank's who posted news of his death on social media, was interviewed by the Milwaukee Journal Sentinel. “He was just always there, every single day," said Bogenberger. She also disclosed that Schank had just received a cancer diagnosis.

Mike Schank's net worth

A well-known guitarist, Schank had recorded 'Songs I Know' as his debut album. His second, 'Dreams I Know-Yesternight,' was released in 2009, followed by 'Classical Songs I Know' the same year.

According to Networthpost, Mike Schank's estimated net worth was $18 million. His wealth mostly came from his years in the entertainment business.