High-entropy alloys are newly developed alloys that are composed, by definition, of at least five principal elements with concentrations in the range of 5–35 at.%. Therefore, the alloying behavior of any given principal element is significantly affected by all the other principal elements present. In order to elucidate this further, the influence of iron, silver and gold addition on the microstructure and hardness of AlCoCrCuNi-based equimolar alloys has been examined. The as-cast AlCoCrCuNi base alloy is found to have a dendritic structure, of which only solid solution FCC and BCC phases can be observed. The BCC dendrite has a chemical composition close to that of the nominal alloy, with a deficiency in copper however, which is found to segregate and form a FCC Cu-rich interdendrite. The microstructure of the iron containing alloys is similar to that of the base alloy. It is found that both of these aforementioned alloys have hardnesses of about 420 HV, which is equated to their similar microstructures. The as-cast ingot forms two layers of distinct composition with the addition of silver. These layers, which are gold and silver in color, are determined to have a hypoeutectic Ag–Cu composition and a multielement mixture of the other principal elements, respectively. This indicates the chemical incompatibility of silver with the other principal elements. The hardnesses of the gold (104 HV) and silver layers (451 HV) are the lowest and highest of the alloy systems studied. This is attributed to the hypoeutectic Ag–Cu composition of the former and the reduced copper content of the latter. Only multielement mixtures, i.e. without copper segregation, form in the gold containing alloy. Thus, it may be said that gold acts as a ‘mixing agent’ between copper and the other elements. Although several of the atom pairs in the gold containing alloy have positive enthalpies, thermodynamic considerations show that the high entropy contribution is sufficient to counterbalance these positive enthalpies, and permit effective mixing. The considerably higher positive enthalpies between the elements of the silver alloy, however, are too great to be counterbalanced by the entropy. This work highlights the importance of the entropy contribution and mixing enthalpy between atom pairs, i.e. bonding energy, on the structural evolution and related properties of high-entropy alloys, and provides essential information for the future development of this new breed of alloy system.