How Much Is Eddie Money’s Estate Worth?

How Much Is Eddie Money’s Estate Worth?


Best known for his hits “Two Tickets to Paradise”
and “Take Me Home Tonight,” blue-collar rocker Eddie Money passed away on September 13th
2019, at the age of 70. A long-time cigarette smoker, Money had previously
revealed on his Real Money reality TV show that he had been diagnosed with stage 4 esophageal
Esophageal cancer early in 2019. “I thought I was just going in to get a checkup
and he told me that, uh… I got cancer.” Despite his difficult diagnosis, Money insisted
he would try to live his life to the fullest. “Am I gonna live a long time, who knows? It’s in God’s hands but you know what? I’ll take every day I can get. Every day above ground is a good day.” Born Edward Joseph Mahoney, Eddie Money’s
path to rock stardom was a stranger one than most. At age 16 he was thrown out of high school
for forging his report card, so he joined a local band instead. He later recalled: “The best way to get to go out with cheerleaders
without being on the football team is to be in a rock ‘n’ roll band.” The son of an NYPD police officer, the “Walk
On Water” singer initially wanted to stay in the family business, and actually served
on the force for two years before quitting and pursuing his rock and roll dreams. In 2018, he told Rolling Stone: “I would have been a very lenient cop” Soon after, Money moved to Los Angeles to
pursue a career in the music industry. There, he would take voice lessons with Judy
Davis, vocal coach to stars such as Frank Sinatra and Barbra Streisand, while supporting
himself by selling bell-bottom blue jeans. Within a few years he had signed to Columbia
Records and released his first hit record. Overnight, his stage name turned from a self-deprecating
joke into stark reality, forcing Money to cope with the pressures of stardom. Like many of his peers, the cop-turned-rocker
struggled with drug addiction during his career, and in the early ’80s, his life almost ended
much too soon. According to People magazine, Money overdosed
on fentanyl in 1981, which led to him badly damaging his sciatic nerve. In 1996, Money told the publication: “It was very scary. I was in physical therapy for more than a
year.” His 1982 album, No Control, was based on the
experience, which also left him with a permanent limp. Though Money would continue to struggle with
addiction throughout his career, CNN reported he was “clean and sober” by 2003, after making
a promise to his family that he would clean up his act. Money said: “I came to the realization that I really didn’t
need [it] for my quick wit.” Over the course of his rock career, Money
scored 11 Top 30 hits on Billboard’s Hot 100 and even earned a Grammy nomination for his
hit “Take Me Home Tonight.” And although Money’s success peaked in the
mid-’80s, he maintained a rabid fan base and made several concert appearances each year
in the decade before his death, often averaging around 175 shows per year for his fans. TMZ reports that Money sold 28 million albums
during his four decade career, but it’s unclear who now owns the rights to the legendary rocker’s
catalog. As for his personal fortune, according to
Celebrity Net Worth, Money may have been worth about $20 million at the time of his death
with more conservative estimates hovering around $12 million. Having been a resident of California since
1968, Money’s family won’t be subject to a state inheritance or estate tax on that fortune,
since the state has neither. The singer is survived by his wife and five
children, but the directives of his will are not yet clear. Still, inheritance seems to be the last thing
on the family’s mind. In a statement issued after his passing, Money’s
family said: “The Money Family regrets to announce that
Eddie passed away peacefully early this morning. It is with heavy hearts that we say goodbye
to our loving husband and father. We cannot imagine our world without him. We are grateful that he will live on forever
through his music.”

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    The Dude

    I saw him in Cleveland just months before his cancer diagnosis. I was shocked and still am that he passed away so quickly. RIP $man

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    Janie Lunday

    Eddy came to Allen, Tx (north of Dallas) to preform at our community July 4th firework show 15 years ago. Even though he had never been here before, he complimented the citizens and our city as though we were old acquaintances. His show of the Money classics and some other hits made for an enjoyable night. Class act.

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    Norbero Fontanez

    ' I wanna go BACK, and do it ALL over but I CAN'T GO BACK…I KNOW….🎼🎵🎷🎶…. RIP EDDIE😞👍

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    MrAmazed

    I saw Eddie money live at the Silo at the Riveredge in Reading Pennsylvania about 20 years ago, and he brought the house down. His voice was amazing, the band was really good. His wife and kids came out on stage too

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