The Business Behind the Music: Billy Joel’s Net Worth and Financial Triumphs

Billy Joel Net Worth

William Martin Joel is a singer, pianist, composer, and songwriter from the United States. He earned the nickname “Piano Man” after releasing an album and a hit single with that title. Successful as a solo performer since the 1970s, he has released 13 studio albums overall (1 classical, 12 pop/rock). In 2023, what is his salary like?

Billy Joel Net Worth

American singer-songwriter Billy Joel has a $225 million fortune. Over the course of his career, Billy Joel has sold over 150 million records around the world, making him one of the most successful musicians of all time. The 1970s and 1980s were the height of his career when he delivered a slew of albums and singles that are now considered timeless classics.

“Piano Man,” from the 1973 album of the same name, is one of his most cherished works. This song, which has become synonymous with Joel, exemplifies his ability to write engaging, accessible stories set to music.

Billy Joel’s Legal Battle Against His Former Manager

Billy Joel's Legal Battle Against His Former Manager

In 1989, Billy filed a $90 million lawsuit against Frank Weber, his former manager. The musician filed a $60 million lawsuit against his ex-brother-in-law Weber, claiming that Weber had mismanaged $30 million of the artist’s money. Weber declared bankruptcy shortly after. After suing his accountants and attorneys, Billy reportedly won a $8 million settlement.

Billy Joel Earns $45 Million in Two Years

Billy Joel made $45 million between June 2017 and June 2018. He made $50 million in the same time span between 2017 and 2019.

Billy may easily earn $2–3 million each show during a residency, such as his multiyear Madison Square Garden residencies. The New Year’s Eve 2019 performance earned him $4.65 million. Billy made $150 million from his MSG residency between 2014 when it began, and the end of 2019.

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Billy Joel’s Real Estate Portfolio: From Long Island to Florida

Over the years, Billy Joel has amassed quite a real estate portfolio, buying and selling luxury homes in places like Florida and New York’s Long Island. Sting, Jerry Seinfeld, and Mickey Drexler were among the former homeowners he’s helped find properties for. He likes to joke that he is the “realtor to the stars.”

In 2002, Billy spent $22.5 million on a mansion in Oyster Bay, New York, called Middlesea, which sits on 14 acres of land on Centre Island. Through a series of acquisitions, he was able to increase the size of the land to 26 acres.

When he bought the place in 2002, it included a mansion that was 14,000 square feet. He grew to occupy a 20,000-square-foot space. There are two pools on the property, as well as a helipad and a beach house. Billy put the house up for sale in May of 2023 for $49 million.

There is a second Sag Harbor, New York, property that Billy owns.

Two adjacent 4-acre estates in Manalapan, Florida cost him little under $12 million in 2014. There was an approximately 9,000-square-foot mansion on one of the sites, and the other lot remained undeveloped. In 2015, he put the entire complex on the market for $29 million.

Separate from the vacant land, he advertised the mansion for $19.5 million. When offered $10.3 million, he accepted it in January 2020. The undeveloped portion of the property, which amounted to around three of the four total acres, was not included in the sale.

Billy spent $5.9 million purchasing a townhouse in New York City in 2006. This was part of the divorce settlement given to his ex-wife, Katie Lee. She made a $12.9 million profit after the sale in 2011.

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