Billy Joel Net Worth: How Much Money Does Billy Make In Royalties?

Billy Joel Net Worth: Billy Joel is a household name in the United States due to his fame as a pianist, singer, songwriter, and composer. To begin his musical career, he joined a band initially called The Echoes but now known as Lost Souls. He is widely considered to be one of the best musicians of all time.

Numerous “Grammy” awards, including the “Grammy Legend Award,” were bestowed to him in 1990 for his album “Glass Houses.” The “Recording Industry Association of America Diamond Award” was presented to him in honour of his album “Greatest Hits Volume I and Volume II,” which has sold over 11.5 million copies worldwide.

For his music, Joel has dabbled in a wide range of styles, mixing and merging elements from hard rock, jazz blended with pop and soul, and love ballads, among others. His music has been enjoyed by millions of people over the course of his career.

One of Joel’s hallmark tunes, “Piano Man,” was a radio hit and ultimately responsible for his rise to prominence. It’s still popular, and it’s often regarded as one of his finest works.

Billy Joel Net Worth
Billy Joel Net Worth

Billy Joel Early Life

William Martin Joel was born to Howard Joel (a German-Jewish Holocaust survivor and brilliant pianist) and Rosalind Nyman (also a pianist) on May 9, 1949, in The Bronx, New York, USA. Not too long after his birth, his family moved to the Levitt homes neighbourhood of Hicksville, Long Island, where he spent most of his formative years.

In 1953, he decided to pursue music formally by enrolling in piano classes. He studied under the tutelage of famous American pianist Morton Estrin and lyricist Timothy Ford.

Billy Joel Career

In 1963, he became a member of the band he would later become most famous for, The Echoes, who would later become The Lost Souls. Some of his instrumental pieces were recorded with the band. He decided to pursue music full-time instead of attending high school, so he dropped out.

In 1967, he left “The Lost Souls” to become a member of a new band called “The Hassles.” ‘United Artists Record’ has signed a band from Long Island. After releasing their first album, “The Hassles,” the band quickly followed it up with “Hour of the Wolf,” also in the same year.

Both albums were bombed when released to the public. After leaving the group in 1969, he and drummer Joe Small formed the heavy metal band Attila. In July of 1970, they released an album that they had recorded with Epic Records.

In the end, the couple broke up because of their differences in opinion on private topics. In 1971, he signed a solo recording contract with “Family Productions,” and that same year, his first solo album, Cold Spring Harbor, was released. However, the album’s technical shortcomings stemmed from hasty mastering.

A remastered album, with some songs that had been edited down or re-orchestrated, was released by “Columbia Records” a few years later. After relocating to Los Angeles from the West Coast due to a business dispute, he began playing the piano at “The Executive Room” on Wilshire Boulevard under the alias “Bill Martin.”

It was during this time that he composed the timeless classic “Piano Man.” After its initial airing on Philadelphia’s “WMMR-FM” radio station in 1972, his live performance recording of “Captain Jack” immediately rose to the top of the East Coast charts.

After hearing the song, executives from Columbia Records offered him a recording contract. He was with “Columbia Records” for three years before relocating to New York City. In 1973, while based in Los Angeles, he recorded the album “Piano Man” with Columbia Records.

Later on, it became his first gold album and top 20 hits. In 1976, he relocated back to New York and formed a band with hand-picked members. In that same year, he embarked on his first concert tour. In 1978, he released his second album, “52nd Street,” which received praise for its “jazzier and more sophisticated” sound.

Many consider this to be one of the greatest albums ever. A three-day “Havana Jam Festival” was being held at the “Karl Marx Theatre” in Havana, Cuba, and he travelled there to participate in 1979. In 1980, he released “Glass Houses,” which spent the first six weeks of its release at the top of the Billboard Album Chart.

A record titled “Songs in the Attic” was published under his name in 1981. Live performances of some of his early, less popular songs were included on the CD. Some of his earlier compositions were first heard by his fans on the CD. In 1983, he released an album titled “The Innocent Man.”

The album was a tribute to the American pop music of his youth and his second top-ten hit on the Billboard charts. Columbia Records republished his first album, Cold Spring Harbor, that same year. The Bridge, his tenth studio album, came out in 1986.

In addition to Billy, the record also has contributions from Ray Charles, Cyndi Lauper, and Steve Winwood. Successful songs like “Matter of Trust” and “A Modern Woman” resulted. When the Berlin Wall came down in 1987, he was the first American rock star to play a concert in the Soviet Union.

As well as performing in Moscow and Leningrad, he also visited Tbilisi. A live CD of his, titled “KOHUEPT” (Russian for “concert”), was released in October. The album “Storm Front” was released in 1989 and was produced by him and Mick Jones. The hit single “We Didn’t Start the Fire” was included on Billy Joel’s eleventh studio album “Storm Front.”

His 1993 album “River of Dreams” was his last foray into the pop genre. A star-studded cast included him that same year in a Los Angeles AIDS project performance. In 1997, he dropped Greatest Hits Volume III. Included were his two most popular songs, “To Make You Feel My Love” and “Hey Girl.”

Beginning on January 7, 2006, he performed 12 sold-out shows at New York’s Madison Square Garden as part of a nationwide tour. Twelve Gardens Live, a compilation of his MSG performance, was released by Columbia Records the same year.

During his European tour in July, he performed a free concert in Rome. In 2007, he performed the national anthem at “Super Bowl XLI” on February 4. Similarly, “Columbia Records” released “All My Life” that same year, marking his return to the pop music scene for the first time since 1993. In 2011, his albums Cold Spring Harbor and Piano Man were reissued by California Records.

The albums included many previously unreleased studio tracks as well as live performances. Newly renamed the “Nassau Coliseum,” Joel gave their debut performance there in April 2017. Camden Yards, he said, will play host to baseball’s first concert in a stadium in 2019.

Billy Joel Personal Life

In 1970, Billy ingested furniture polish in an attempt at suicide. He said, “I drank furniture polish” after recovering in the hospital. The taste was definitely better than that of bleach. On September 5, 1973, he wed Elizabeth Weber Small, his partner in the band Attila and the ex-wife of Jon Small.

On July 20, 1982, Billy and Elizabeth‘s marriage officially ended in divorce. Alexa Ray Joel is the name of his daughter with wife and American model Christie Brinkley, whom he wed on March 23, 1985. The inspiration for her middle name comes from his hero, Ray Charles.

Billy Joel Net Worth
Billy Joel Net Worth

The couple declared their divorce on August 26, 1994, however they remained civil afterwards. On October 2, 2004, he wed Katie Lee, an American recipe book author who was 32 years his younger. After five years of marriage, the couple announced their split on June 17, 2009.

Billy Joel Net Worth

American singer-songwriter Billy Joel has a net worth of $225 million. One of the most popular performers of all time, he has sold over 150 million records around the world.

Real Estate

Billy has owned many prestigious homes across the United States, especially in Florida and on Long Island, New York. He currently resides in Sag Harbor, a community on Long Island. He spent $22.5 million in 2002 on a mansion in Oyster Bay with 14,000 square feet. It occupies a waterfront location on 15 acres.

Almost $12 million was used to purchase a pair of 4-acre properties next to each other in Manalapan, Florida. One of the lots remained undeveloped, while the other site featured an approximately 9,000-square-foot house. His asking price for the entire estate in 2015 was $29,000,000 USD.

Simply for the mansion, he wanted $19.5 million (without the vacant land). He withdrew the $10.3 million in January 2020. Three of the property’s four acres were vacant land he had no interest in developing. A townhouse in New York cost him $5.9 million.

Ex-wife Katie Lee received this property as part of the divorce settlement. She eventually sold it in 2011 for $12.9 million. There was the time he sold a house to retail executive Sting, comedian Jerry Seinfeld, and NBA legend Mickey Drexler. He likes to joke that he is the “realtor to the stars.”

How Much Money Does Billy Make In Royalties?

Over the next three years (2019-2021), Billboard predicts Joel’s song catalogue will earn an average of $8.915 million in music publishing royalties per year. This estimate is within the $8 million to $9 million range cited by Billboard by several sources who frequently deal in the music asset marketplace.

Frequently Asked Questions

How much does Billy Joel make a show?

Joel makes at least $2 million every show with his multi-year engagements at MSG. In reality, Joel made a staggering $150 million between 2014 and 2019. That sum also includes the $4.6 million he made from his 2019 New Year’s Eve performance.

Who owns the rights to Billy Joel’s music?

A major win for the Universal Music Publishing Group (UMPG) and its offshoot, Rondor Music International. Billy Joel has inked a worldwide exclusive publishing deal with the companies. In global markets, Rondor and Universal will replace EMI Music Publishing as Joel’s new distributors.

Does Billy Joel own his masters?

Only two tracks and the classical piano CD Fantasies & Delusions (2001) have been published by Joel since 1993’s River of Dreams. Since Columbia Records owns Joel’s masters, the label regularly releases compilations and live albums to keep up with demand.

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