The star earned his wealth from his many hit songs from the ’70s and ’80s like “Shakin’,” “Baby Hold On” and “Take Me Home Tonight.” Money scored 11 Top 30 hits on Billboard’s Hot 100 while releasing 11 albums throughout his career. The Richest, which lists Money’s net worth at $12 million, reports the singer made $1.3 million in 1979 from sales of the album “Life for the Taking,” $1.3 million in 1987 from sales of “No Control,” and $2.6 million in 1989 from sales “Eddie Money.”
Here’s what you need to know about Eddie Money’s net worth:
1. Eddie Money Said in a 2018 Interview That He Was Still Touring in Order to Pay the Bills
Money told Rolling Stone in a 2018 interview that he was still touring in order to keep paying the bills. Money told the magazine, “For some reason, I missed the boat when it comes to the big money. I don’t know what happened, you know? I’m not really getting rich out here.” In the summer of 2019, Money had to cancel his summer tour due to pneumonia.
During the same interview, Money was asked about the most controversial thing he had ever said to which he replied, “I was doing this show at the Grammy Museum and I said, “My wife always looks like a million bucks and she spends so much money on clothes and I hate it. It’s the Jew in me.””
2. Money Said He Used Coupons to Get His Haircut While His Wife ‘Spent a Fortune Getting Her Hair Done in Beverly Hills’
During a 1999 interview with the San Francisco Chronicle, Money said that while his wife Laurie spent “a fortune getting her hair done in Beverly Hills.” In contrast, Money got his hair cut at a local barbershop spending $7 and using coupons when he could. Money added that he drove a Suburban while Laurie drove a Jaguar. Money conceded that he didn’t mind spending the extra money because being married to him “is not easy.”
Money also said that when the couple got together, he paid off his wife’s student loan and that he had recently given her $3,000 ring for her birthday.
3. Eddie Money Spent 2 Years as an NYPD Officer Before Becoming a Full-Time Musician
Money was born Edward Mahoney in Brooklyn, New York and grew up in Long Island.
According to his official website, he was the son of a New York police officer and entered an NYPD training program. He spent two years as an NYPD officer. The salary for a patrolman in the NYPD around that time was $10,000 per year.
However, he moved to Berkeley, California in 1968 to pursue a career in music, according to our report.
He told Rolling Stone that he “would have been a very lenient cop.”
He started performing at the clubs of the San Francisco Bay Area in the 70s before making it big on MTV, according to Variety. He met legendary Promoter Bill Graham in 1976 and Graham became his manager. In 1977, he signed a deal with Columbia Records and released his self-titled debut album. Three songs from that album, “Baby Hold On,” “Two Tickets to Paradise,” and “You’ve Really Got a Hold on Me,” appeared on the charts.
4. He Had His Own Reality TV Show Which Is Still Airing
In April 2018, AXS TV released Real Money, a reality TV show starring Money, his wife Laurie, their five children and ten pets as they navigated the trials and tribulations of life. The show will air the remaining five episodes of the show and will air a tribute on September 15. AXS founder Mark Cuban said in tribute to Money, “We are deeply saddened that we have lost the incomparable Eddie Money. Eddie was a true American original and a rock legend through and through. His enduring hits have been the soundtrack for generations of fans, and his one-of-a-kind sense of humor endeared him instantly to everyone he met. We have sincerely enjoyed working with him and his entire talented family on his reality show ‘Real Money’, and we extend our deepest condolences to his wife, Laurie; their children Zach, Jesse, Joe, Dez and Julian; and his many friends during this difficult time. He will be missed immensely by all of those who knew and loved him. But, if we know Eddie, he’s rocking right now in heaven, doing what he always loved.”
However, that’s not his first appearance in a TV show. He also appeared on the CBS sitcom “The King of Queens” in a 2002 episode where Doug, played by Kevin James, wins a bet on a boxing match against his wife’s wishes and must spend the money before she finds out. Part of those expenses includes a performance by Eddie Money in his living room.
He was also featured on a 2016 episode of “Oprah: Where Are They Now?” according to Variety.
5. A Judge Ruled in Favor of Money During a Major Lawsuit in 2016
In 2016, a judge ruled that Money’s firing of drummer Glenn Symmonds was an “expression of free speech,” according to The Hollywood Reporter. Symmonds had argued that he was fired due to his health issues. He alleged that he had been subject to “constant ridicule and harassment due to his disabilities of bladder cancer and a back injury.”
The drummer also said that Money had been sexually harassing the drummer’s fiancee, Tami Landrum. Among the claims, according to Billboard, Symmonds said that during an interview, Money pretended a microphone was a penis and hit Landrum in the face with it. The exact damages sought by Symmonds are unknown but were described as “major” by Billboard.