Billy Joel clarifies bankruptcy rumors
Singer Billy Joel has clarified reports he filed for bankruptcy a few years ago after allegedly going broke.
RELATED: BING: Stars who went broke
The Piano Man was rumored 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.
RELATED: Friendly exes
He says, "There was a rumor that I filed for bankruptcy -- that never happened. I owed Uncle Sam 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.
REALTED: Celeb house swap
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. I'm the realtor to the stars."
Fergie, Sarah Jessica Parker, and Heidi Klum all get an F on this week's Fashion Offenders.Watch Video »
Diva Double Date
Beyonce and Alicia Keys double date with their famous hubbies on today's Celebs Gone Social.Watch Video »
Where Are They?
See what the cast of "American Beauty" is up to today.Watch Video »
J.Lo's Mini Me
Jennifer Lopez shares an adorable photo of her look-alike daughter, plus more celebritots on social media on today's Celebs Gone Social.Watch Video »
Prince Harry, Jessica Alba and more stars who threw out the first pitch at baseball games.Watch Video »
Sofia Vergara poses in a revealing neon bikini while her "Modern Family" castmates hit the beach in Australia on Celebs Gone Social.Watch Video »
Like us on Facebook?
UP NEXTHot Bod!
From Crowd Ignite