Billy Joel Net Worth 2022 (Forbes) – How Did He Get Rich?

Billy Joel Net Worth 

Billy Joel has an estimated net worth of $225 million. Singer Billy Joel topped the charts in the 1970s and ’80s with hits like “Piano Man,” “Uptown Girl” and “We Didn’t Start the Fire.” He earns most of his income from album sales, concerts and music streaming. 

Billy Joel, born in New York on May 9, 1949, after a disappointing first album, Cold Spring Harbor (1971), made a comeback with the 1973 album Piano Man, which included hits such as “Piano Man” and “Captain Jack.” Successful albums followed, such as Streetlife Serenade (1974), The Stranger (1977) and 52nd Street (1978).

In the 1980s, Joel married supermodel Christie Brinkley and reached the top of the music charts with “Uptown Girl” and “We Didn’t Start the Fire.” By 1999, he’d grossed more than $100 million worldwide with his songs and was inducted into the Rock and Roll Hall of Fame. A few years later, in 2013, he was awarded the Kennedy Center Honors.

To calculate the net worth of Billy Joel, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Billy Joel
Net Worth: $225 Million
Monthly Salary: $1 Million
Annual Income: $10 Million
Source of Wealth: Singer-songwriter, Pianist, Lyricist, Composer, Orchestrator, Businessperson, Musician, Voice Actor

Early Life

William Martin “Billy” Joel was born on May 9, 1949, in the Bronx, New York, to Howard and Rosalind Joel. Shortly after his birth, the family relocated to Long Island’s famous “first suburb,” Levittown. Joel’s mother encouraged him to study piano, despite the fact that his father was an accomplished classical pianist. He began playing at the age of four and quickly demonstrated an aptitude for the instrument. Billy Joel was a pro by the age of 16, having joined his third band before he could drive.

Early Career

It wasn’t long before the artist, inspired by the Beatles’ iconic Ed Sullivan Show performance, decided to devote his life to music. He dropped out of high school to pursue a performing career, focusing on his first solo album, Cold Spring Harbor, released in 1971. Joel’s contract with Family Productions proved to be onerous, and the artist was dissatisfied with the quality of the album they released. It was a commercial failure.

Joel moved to Los Angeles after becoming disillusioned with trying to make it as a rock star. In early 1972, he got a job as a lounge pianist under the alias Bill Martin. His time at The Executive Room on Wilshire Boulevard was later immortalized in his song “Piano Man,” which describes the down-and-out patrons of a no-name lounge.

By late 1972, an underground recording of Joel’s “Captain Jack” had been released on the East Coast and was receiving favorable reviews. Columbia Records executives sought out the lounge player and gave Joel a second chance to become a rock star.

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Career Breakthrough

Joel began recording new songs and albums after the success of his Top 20 single “Piano Man,” releasing Streetlife Serenade in 1974. Many of his songs dealt with his growing dissatisfaction with the music industry and Hollywood, foreshadowing his departure from L.A. in 1976. Joel’s style evolved over time, demonstrating his range from pop to the bluesy-jazz stylings that are now synonymous with his name.

The Stranger (1977) was Joel’s first major commercial success, with four songs reaching the Top 25 on the Billboard charts in the United States. Joel had a slew of awards by 1981, including a Grammy for Best Male Rock Vocal Performance and a People’s Choice Award.

Awards and Achievements

Throughout the 1980s, Joel was regarded as a hitmaker, with hits including “Tell Her About It,” “Uptown Girl,” “Innocent Man,” and “The Longest Time.” He’d release two Greatest Hits albums and become the first American performer to launch a full-fledged rock production in the Soviet Union. While releasing hits, Joel would also frequent the benefit circuit, performing with stars like Cyndi Lauper and John Mellencamp to raise funds for various causes.

Joel received the Grammy Legend Award in 1989, following the success of his single “We Didn’t Start the Fire.” His professional success continued unabated into the early 1990s, although his personal life became somewhat dramatic.

Joel slowed his studio recordings after the release of River of Dreams (1994), but he continued to tour solo and with other artists such as Elton John. His songs sold over 100 million copies worldwide in 1999. Joel was also inducted into the Rock and Roll Hall of Fame that year by his idol, Ray Charles. Joel received the Kennedy Center Honors a few years later, in 2013.

Later Career

Joel was in and out of rehab in the early 2000s, struggling with an alcohol addiction. Joel released his first song with original lyrics in 13 years, “All My Life,” in 2007. Despite being semi-retired from recording new pop songs, Joel has continued to tour and expand as an artist. He has written a number of classical songs and has even reworked older ballads with orchestral accompaniment.

Joel’s songs have served as personal and cultural touchstones for millions of people over the years, reflecting his own goal of writing songs that “meant something during the time in which I lived… and transcended that time.”

When Joel’s residency at Madison Square Garden was announced in 2013, his devoted fans demonstrated how much his music touched them. Joel broke records as MSG’s first music franchise; his monthly concerts have always sold out, and as of October 2015, he had earned more than $46 million in sales.

Personal Life

Joel divorced his first wife, Elizabeth Weber Small, who had been his partner since 1973, in 1982. Joel famously met and married supermodel Christie Brinkley in 1984. On December 29, 1985, their daughter Alexa Ray (named after Ray Charles) was born.

Joel and Brinkley divorced in 1993. He married television personality and journalist Katie Lee in 2004. After five years of marriage, they decided to divorce.

Billy Joel and his six-year girlfriend, Alexis Roderick, announced in 2015 that they were expecting a child together. Joel and Roderick married that summer at the couple’s annual Fourth of July party at his Long Island estate. The wedding was officiated by New York Governor Andrew Cuomo. Della Rose Joel, their daughter, was born on August 12, 2015.

Further Reading

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