Billy Joel - Billy Joel Clarifies Bankruptcy Rumours

Singer Billy Joel has clarified reports he filed for bankruptcy a few years ago after allegedly going broke.

The Piano Man was rumoured to have lost millions of dollars in 2010 because of his ex-brother-in-law Frank Weber's poor money managing skills, but Joel has now set the record straight in a new interview with the New York Times Magazine.

He says, "There was a rumour that I filed for bankruptcy - that never happened. I owed Uncle Sam (the U.S. government) a couple of million bucks in income tax, and the money that I thought was there (in the bank account), wasn't there."

Joel also addressed speculation he was forced to sell off one of his Big Apple homes to pay off the debts, insisting he simply owned too many properties - two in Manhattan and one under construction in the Hamptons.

He sold one home to rock star Sting and another the one he was building to comedian Jerry Seinfeld.

The singer jokes, "I keep exchanging star homes. I bought (Jaws star) Roy Scheider's house. Mickey Drexler (retail tycoon) bought my old place in Martha's Vineyard (Massachusetts). I'm the realtor to the stars."


Contactmusic

Tags: Billy Joel

Advertisement

More Billy Joel

Gershwinner: Our Top 5 Billy Joel Songs

Billy Joel has long been regarded as one of music’s finest songwriters but it will soon be all more official as he receives the prestigious...

Billy Joel Becomes Sixth Recipient of the Gershwin Prize for Popular Song

Billy Joel has added the Gershwin Prize for Popular song to his long list of accolades. The 65 year old is being recognised by US...

Billy Joel - An Innocent Man [Live] Video

Legendary American singer songwriter Billy Joel is set to release 'A Matter of Trust: The Bridge to Russia', a CD and DVD of Joel's historic...

Billy Joel - NY State Of Mind (documentary outtake) Video

Billy Joel unveils a clip of him performing his track 'New York State Of Mind' some years ago. The scene is an outtake from his...

Advertisement

Billy Joel - Stiletto: Live in Russia, 1987 Video

A video for a previously unreleased performance of Billy Joel singing 'Stiletto' on his 1987 tour of Russia has now been unveiled. He is due...

Drugs, Alcohol, A Super Group With Sting - Billy Joel's Chat With Howard Stern

When Billy Joel started talking about his rocky history with alcohol and his dabble with heroin, most thought that the interview had reached the rocky...

Billy Joel and AC/DC. 'You Shook Me All Night Long'. It Happened.

In a frankly unusual live collaboration, singer-songwriter Billy Joel was joined on-stage by AC/DC's Brian Johnson at Madison Square Garden on Friday evening (March 21,...

Christie Brinkley: "Every Birthday Is A Cause For Celebration"

Christie Brinkley, the American model and actress, has appeared in a swimsuit on the cover of PEOPLE magazine at the age of 60, and she...

Advertisement

Comments

Billy Joel Newsletter

Subscribe to this news alert service to receive news and reviews on Billy Joel

Unsubscribe | Unsubscribe All