Can Former Bassist Live off of Royalties?

In a recent interview former Metallica bassist, Jason Newsted was asked if he could live off of the royalties from just the Black album (the 16 million selling 1991 album). He started by saying that Metallica when he joined the band in the 80's were very savvy in regards to finances and investments. Jason says since he had help early on financially, so if the black album stopped selling he would be ok. lol

Check out the article from ultimate classic rock dot com.