Billy Joel Net Worth 2022: How Much Does Joel Make In Royalties?

Billy Joel Net Worth: American pianist, singer, songwriter, and composer Billy Joel is well-known. He started in music with a band called “The Echoes,” which later changed their name to “Lost Souls.” He is regarded as one of the world’s most well-known recording artists and greatest performers.

For his album “Glass Houses,” he won numerous “Grammy Awards,” and in 1990, he also received the prestigious “Grammy Legend Award.” In recognition of his album “Greatest Hits Volume I and Volume II,” which has so far sold more than 11.5 million copies, he was given the “Recording Industry Association of America Diamond Award.”

Joel has experimented with a variety of musical genres, incorporating and fusing various elements, such as hard rock, jazz blended with pop and soul, and romantic ballads. Millions of his fans have loved his songs throughout his career.

Joel reached the pinnacle of his fame thanks to the radio hit “Piano Man,” one of his signature songs. It’s still a hit today and is considered one of his best songs ever.

Billy Joel Early Life

On May 9, 1949, in The Bronx, New York, USA, William Martin Joel, the son of Howard, a German-Jewish Holocaust survivor and talented pianist, and his wife Rosalind Nyman, was born. His family relocated to the Levitt homes neighbourhood of Hicksville, Long Island, not long after his birth, where he lived his formative years.

He started taking piano lessons in 1953 and quickly showed that he was talented. Morton Estrin, a renowned American pianist, and Timothy Ford, a musician and songwriter, were his teachers. You may also check our trending articles like Tobey Maguire and Johnny Knoxville.

Billy Joel’s Personal Life

Billy attempted suicide in 1970 by ingesting furniture polish. He claimed that after getting better in a hospital, “I drank furniture polish. It seemed more appetizing than bleach. He wed Jon Small’s ex-wife Elizabeth Weber Small, with whom he had established the musical duo “Attila,” on September 5, 1973.

Billy and Elizabeth got a divorce on July 20, 1982. He wed American model Christie Brinkley on March 23, 1985; they have a daughter together named Alexa Ray Joel. His idol, Ray Charles, is the source of her middle name, Ray.

On August 26, 1994, the couple announced their divorce, however, they remained amicable. He married American cookbook author Katie Lee, who is 32 years his junior, on October 2, 2004. On June 17, 2009, the pair announced their separation after five years of marriage.

Billy Joel Career

He joined his first band, “The Echoes,” in 1963; they eventually changed their name to “The Lost Souls.” With the ensemble, he recorded some of his instrumental compositions. He dropped out of high school at this time to focus on his musical career.

He quit “The Lost Souls” in 1967 to join a new group called “The Hassles.” A Long Island-based band has earned a record deal with “United Artists Record.” The band published their debut album, “The Hassles,” and the following year, their follow-up, “Hour of the Wolf.”

Billy Joel Net Worth
Billy Joel’s Net Worth

Both albums weren’t successful in the marketplace. He founded the heavy metal combo “Attila” with him after leaving the band in 1969 together with drummer Joe Small. They worked with Epic Records to record an album, which they released in July 1970.

Due to disagreements over personal matters, the pair soon split up. He got a solo recording deal with “Family Productions” in 1971, and his debut solo album, “Cold Spring Harbor,” was then made available. The album, however, was a technical letdown because it was mastered too quickly.

A few years later, “Columbia Records” published an album that had been restored and had some tracks that had been reduced or re-orchestrated. Soon after, he relocated from the West Coast to Los Angeles because of a business disagreement, where he performed piano under the name “Bill Martin” at “The Executive Room” piano bar on Wilshire Boulevard.

During this time, he wrote his iconic hit song, “Piano Man.” His live performance recording “Captain Jack,” which was first played on Philadelphia’s “WMMR-FM” radio station in 1972, quickly shot to the top of the East Coast charts.

Columbia Records’ executives made him an offer for a recording contract after hearing the song. Before moving back to New York, he spent three years recording with “Columbia Records.” He worked with Columbia Records to record the album “Piano Man” in Los Angeles in 1973.

Later, it was both his first gold album and a top 20 single. He returned to New York in 1976 and put together a new band with musicians of his choosing. He started his first concert tour that same year. His second album, “52nd Street,” which was described as jazzier and more sophisticated, was released in 1978.

One of the best albums of all time, according to many. He went to Cuba in 1979 to take part in the three-day “Havana Jam Festival” at the “Karl Marx Theatre.” He published “Glass Houses” in 1980, which debuted at the top of the Billboard Album Chart and held that spot for six weeks.

He released an album in 1981 called “Songs in the Attic.” The album had live renditions of some of his early-career tracks that weren’t very well-liked. His fans first heard several of his earlier works on the CD. He made an album called “The Innocent Man” in 1983.

The record served as a homage to the popular American music of his adolescent years and brought him his second Billboard hit. His debut album, “Cold Spring Harbor,” was reissued by “Columbia Records” in the same year. His tenth studio album, “The Bridge,” was released in 1986.

Billy, Ray Charles, Cyndi Lauper, and Steve Winwood all contributed to the record. It produced hit tunes like “Matter of Trust” and “A Modern Woman,” among others. He was the first American rock star to do a concert in the Soviet Union when the Berlin Wall fell in 1987.

He also gave performances in Tbilisi, Leningrad, and Moscow. In October of the same year, his live CD, titled “KOHUEPT” (Russian meaning concert), was published. In 1989, he and producer Mick Jones put out the album “Storm Front.” Billy Joel’s eleventh studio album, “Storm Front,” featured the well-known track “We Didn’t Start the Fire.”

His final pop album, “River of Dreams,” was released in 1993. He appeared with a star-studded cast at the same year’s Los Angeles AIDS project performance. He issued “Greatest Hits Volume III” in 1997. His two well-known tracks, “To Make You Feel My Love” and “Hey Girl,” were included.

He embarked on a musical tour of the country beginning on January 7, 2006 and played twelve sold-out concerts at Madison Square Garden in New York City. The same year, “Columbia Records” released “12 Gardens Live,” a collection of his songs from the concert at Madison Square Garden.

He gave a free concert in Rome in July as a part of his European tour. He sang the national anthem at “Super Bowl XLI” on February 4, 2007. The same year, “All My Life,” his first new pop song since 1993, was released by “Columbia Records.” California Records reissued his albums “Cold Spring Harbor” and “Piano Man” in 2011.

The albums featured a lot of studio tracks and live performances that were previously unavailable. In April 2017, Joel performed their first performance at the recently renovated “Nassau Coliseum.” He revealed that Camden Yards will host the first-ever concert at a baseball stadium in 2019.

Billy Joel’s Net Worth

Billy Joel is an American singer-songwriter with a $225 million fortune. He has sold more than 150 million records worldwide, making him one of the most successful musicians of all time.

How Much Does Joel Make In Royalties?

Billboard calculates that throughout the three years of 2019–2021, Joel’s song catalogue averaged $8.915 million in annual music publication royalties, which is in the $8 million–$9 million range cited to Billboard by various sources who frequently transact in the music asset marketplace.

Salary Highlights

Billy Joel made $45 million between June 2017 and June 2018. He made $50 million between 2017 and 2019 throughout the same time frame. Billy may easily make $2–3 million each show when he undertakes a residency, like his extended Madison Square Garden residencies.

His New Year’s Eve 2019 performance brought in $4.6 million. Between the start of the residency in 2014 and the end of 2019, Billy’s MSG residency generated $150 million in revenue.

Real Estate

Throughout the nation, Billy has owned a lot of outstanding properties, particularly in Florida and Long Island, New York. He has a residence in Sag Harbor, a town on Long Island. He purchased a 14,000-square-foot estate in Oyster Bay for $22.5 million in 2002. It sits on 15 waterfront acres.

In Manalapan, Florida, he spent slightly under $12 million for two adjacent properties totalling 4 acres. The other property had a nearly 9,000-square-foot home, while one of the lots was undeveloped. In 2015, he put the entire compound up for sale for $29 million.

He asked $19.5 million for the mansion alone (without the vacant land). In January 2020, he finally took $10.3 million. Three of the four acres of the property four acres were undeveloped lots, which he chose not to sell. He spent $5.9 million buying a townhouse in New York.

In their divorce, he left this property to his ex-wife Katie Lee. 2011 saw her sell it for $12.9 million. He made earlier home sales to Mickey Drexler, Jerry Seinfeld, and Sting, a retail executive. He has self-described as the “realtor to the stars” in jest.

Final Lines

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