Rock Stars Who Are Poorer Than You Think

Share
HTML-code
  • Published: 23 November 2019
  • Many rock stars have earned hefty sums during their careers, and a lot of them have also lost hefty sums during their careers. The rock 'n' roll lifestyle doesn't tend to breed paragons of financial responsibility, so let's take a look at some rock stars who are surprisingly poor.

    With his monthly residency at Madison Square Garden and scores of hit songs, it's not like Billy Joel wallows in poverty. Still, even a wealthy entertainer feels it when someone embezzles him out of tens of millions of dollars. This is exactly what happened to Joel, courtesy of his former manager Frank Weber. The ridiculous numbers involved were revealed in 1989, when Joel sued Weber for a whopping $90 million. $30 million of that was compensatory damage for money Weber had allegedly squandered, and $60 million was punitive damages for the multiple ways Weber had reportedly defrauded Joel.

    According to the lawsuit, Weber had given huge loans to his own enterprises in Joel's name, lost over $10 million on various investments, and even mortgaged the singer's copyrights without bothering to mention it. All the while, he was pulling strings to make the papers that Joel received massively misleading. And while he was doing all this, he was also happily raking in $20 million of Joel's money in commissions.

    Joel's quest for comeuppance didn't exactly go well, as Weber cunningly filed for bankruptcy and the case was ultimately settled out of court. This notably wasn't even the first time the Weber family had hurt the singer. In 1982, Joel had a painful divorce from Weber's sister Elizabeth, who ironically also used to manage Joel, who would later exclaim,

    "I hooked up with the Borgias!"

    Watch the video for more about Rock Stars Who Are Poorer Than You Think!

    #RockStars #BillyJoel

    Billy Joel | 0:16
    Willie Nelson | 1:35
    Cat Power | 2:43
    Ron Isley | 3:45
    Grizzly Bear | 4:50
    Sly Stone | 6:01
    Conor Oberst | 7:06
    David Cassidy | 7:59
    Scott Weiland | 9:00
    Lemmy Kilmister | 10:11
  • Entertainment Entertainment

Comments • 1 262

  • Grunge
    Grunge   3 months back

    Who were you surprised to find in this video?

  • jason longsden
    jason longsden  44 minutes back

    Grunge, please Google the word "Rock" before you use it again. as you clearly have no clue.

    • TheT151
      TheT151  1 hours back

      It's amazing how the Black artist went to jail Sly Stone has to sue to get those royalties

      • Uncle Sweets
        Uncle Sweets  13 hours back

        If I were wealthy I wouldn’t trust anyone any more then that I don’t now. No financial advisor. No anyone except an attorney and I’d have him being watched and somebody watching him watching the 2 of them. Steal my money, your life is over.

        • Trudi Dolder
          Trudi Dolder  14 hours back

          Why am I not surprised? They spend money like nobody can believe. I sure do not feel sorry for any of them.

          • RUBICUNDUS ERATIUDAS
            RUBICUNDUS ERATIUDAS  20 hours back

            FUCKEN IRS...

            • Barbara Hock
              Barbara Hock  1 days back

              Billy shouldn’t have dropped out of high school.

              • Kypli 1
                Kypli 1  1 days back

                I don't think you guys know what ROCK star means

                • Fred Flintstone
                  Fred Flintstone  2 days back

                  I never heard of most of these people.

                  • Shawn Begley
                    Shawn Begley  2 days back

                    You ain't Dead yet $$$?,,,, get the Money $$$,,,, 👑

                    • Cassandra Morrison
                      Cassandra Morrison  2 days back

                      Willie is not a rock star so why is he here?

                      • Iwan Bottos
                        Iwan Bottos  2 days back

                        What ? Joel and Nelson can fill a music hall tonight and male a million bucks What idiot talk is thos

                        • John Moore
                          John Moore  2 days back

                          Billy Joel once lived in a Castle and now is extending his current stately Long Island property, so regardless of having to sue to recoup monies years ago for a long long time he's been very wealthy.

                          • Soaker City
                            Soaker City  3 days back

                            Jewed.

                            • SJ Howe
                              SJ Howe  3 days back

                              So when you say "German war memorabilia..." The front man of Motorhead had a speed, booze & Nazi schwag addiction?
                              Yikes.

                              • Paisteboy
                                Paisteboy  4 days back

                                Nice job! Very thorough.

                                • Diane Keller
                                  Diane Keller  4 days back

                                  Poor.rich.bitch.no.one.cares

                                  • Dayon Panyalai
                                    Dayon Panyalai  4 days back

                                    Indy...Indy ...Indy.

                                    • Haydes Wharewaka
                                      Haydes Wharewaka  5 days back

                                      Ha Billy joel deserves everything he got. Wanker

                                      • Joseph Voll
                                        Joseph Voll  5 days back

                                        Am I the only person that doesn't ever remember CatPower being even remotely famous??? I never even heard of her back when she was supposedly "selling out all the venues she played". How did I miss such a supposedly famous Artist???

                                        • Joseph Voll
                                          Joseph Voll  5 days back

                                          That's BS that Willie Nelson's "friends" take advantage of his kindness like they do! No doubt that's the main reason for his financial issues!

                                          • Loki
                                            Loki  5 days back

                                            Chan Marshall, otherwise known as "Who Dat?"...

                                            • Paul McQuown
                                              Paul McQuown  6 days back

                                              David Cassidy was NOT a Rock Star.

                                              • aiolos000
                                                aiolos000  7 days back

                                                I only now realized that Billy Joel is a lookalike of Daniel Baremboim

                                                • Doctor Hilarious
                                                  Doctor Hilarious  1 weeks back

                                                  Not rock stars. Musicians.

                                                  • Stephen Greer
                                                    Stephen Greer  1 weeks back

                                                    well they might be poor but not by my standards

                                                    • Rodney Caupp
                                                      Rodney Caupp  1 weeks back

                                                      This sounded like the history of Rock and Roll. Every generation of Rock has it's Crooked Managers, Crooked Lawyers, and Stars who spend it all, not to mention Copy Writers, Publicists, and OTHERS who screw with the Musicians Money Bag. Maybe I should say it's the story of life. My Employers were all Oligarch Assholes.

                                                      • JOE PRETE
                                                        JOE PRETE  1 weeks back

                                                        Why put Billy Joel in the "Rock" category? He's not at all like Led Zeppelin, Pink Floyd, The Doors,The Stones, Aerosmith, AC/DC etc.

                                                        • Jack Action
                                                          Jack Action  1 weeks back

                                                          Who hand picked this list??..Alot of nobodies and unknowns in here

                                                          • Charming Ferret
                                                            Charming Ferret  1 weeks back

                                                            So-called Rockstars don't even own their names.

                                                            • Carpe cervisiam
                                                              Carpe cervisiam  1 weeks back

                                                              Billy should be more careful where he leaves his wallet when the Clintons come to visit

                                                              • Pale Horse
                                                                Pale Horse  2 weeks back

                                                                Grizzly Bears....Rock Star? LOl yea OK. I bet your a CNN reporter.

                                                                • Suzie Smith
                                                                  Suzie Smith  2 weeks back

                                                                  I hope Bill Joel is a nicer person than when I met him..

                                                                • David Houghton
                                                                  David Houghton  2 weeks back

                                                                  Bottom line .......who cares?

                                                                  • Qruz Trump
                                                                    Qruz Trump  2 weeks back

                                                                    3. (S) Embassy Moscow is requested to alert as soon as possible and at the highest appropriate level the Russian Federation that FBI Director Mueller plans to deliver the HEU material once he arrives to Moscow on April 27. Post is requested to convey information with regard to chain of custody, and to request details on Russian Federation's plan for picking up the material.

                                                                    • Qruz Trump
                                                                      Qruz Trump  2 weeks back

                                                                      (SBU) Post is requested to draw from background above and the following talking points: --We wish to inform you that FBI Director Mueller plans to arrive in Moscow at approximately 10 pm local time on April 27 with a ten-gram sample of seized HEU, which you requested for nuclear forensics analysis.

                                                                      • Qruz Trump
                                                                        Qruz Trump  2 weeks back

                                                                        We require confirmation that a representative from a responsible Russian law enforcement authority will be available to accept custody of the sample and have signatory authority to accept the sample. --We require that the transfer of this material be conducted at the airport, on the tarmac near by the plane, upon arrival of the Director's aircraft.

                                                                        • Qruz Trump
                                                                          Qruz Trump  2 weeks back

                                                                          Background continued: On April 16, the FSB verbally confirmed to Legatt that there will be no problem with the Russian Ministry of Aviation concerning Mueller's flight (although we probably won't see paperwork until shortly before the trip). The FBI is requiring that the sample be turned over to a Russian law enforcement authority (i.e., FSB) as opposed to an intelligence service (i.e., SVR) or technical authority (i.e., Rosatom). A representative from the responsible Russian Law Enforcement authority, who will accept custody of the sample, must be identified and verified ahead of time. That individual will be required to have signatory authority to accept the sample. Appropriate arrangements need to be made to ensure the transfer of material is conducted at the airport, plane-side, upon arrival of the Director's aircraft. Post should also remind the GOR that this is the material about which the GOR gave the USG nonproliferation assurances in 2008 (ref) in a diplomatic note from February 2008.

                                                                          • Marc Duchamp
                                                                            Marc Duchamp  2 weeks back

                                                                            You can’t keep even one penny when you die so technically nobody is any poorer then anybody else, all comes to dust most are delusional thinking their own anything

                                                                            • mark shaw
                                                                              mark shaw  2 weeks back

                                                                              Do not drink the bong water. You sound too high.

                                                                          • LPinfinity
                                                                            LPinfinity  2 weeks back

                                                                            Billy Joel is worth like 200 million dollars

                                                                            • Don Ismyname
                                                                              Don Ismyname  2 weeks back

                                                                              They don't have high IQ's and drugs are always on their mind.

                                                                              • Sweller Bunion
                                                                                Sweller Bunion  2 weeks back

                                                                                GRUNGE YOU NEED TO DO YOUR RESEARCH MORE

                                                                                • ARCTURUS
                                                                                  ARCTURUS  2 weeks back

                                                                                  BJ is worth close to a quarter billion dollars Old pointless News, No one this list are broke, Being Broke for Star is like winning the Lottery for everyone else

                                                                                  • E Rust
                                                                                    E Rust  2 weeks back

                                                                                    People confuse fame with wealth ; the two don’t necessarily go hand in hand. For u kiddies out there that don’t “know half the people on this list” u r obviously too young to remember the fact that record companies have been ripping off artists in many ways from the start. Not to mention crooked managers. Even Prince at his height was embattled with this issue! Sadly many of these artists were easy targets as they had substance abuse issues! So kids, as u sit comfortably in your room clicking away, u have no clue as to the business of music or the unscrupulous contracts young artists are forced to sign just to have a chance at this being their career! I’ve first hand experience in it being married to an Indy guitarist for many years.....food for thought!

                                                                                    • Haggie Fatigue
                                                                                      Haggie Fatigue  2 weeks back

                                                                                      To be fair, Billy Joel was cleaned out by his ex-wives. Katie Lee was a hick who struck gold with this one. Elevated her hillBilly status!

                                                                                      • ANGRY COLLECTOR
                                                                                        ANGRY COLLECTOR  2 weeks back

                                                                                        INCOME TAX IS FRAUD LOOK IT UP THE GOVERNMENT DUPES US.

                                                                                        • Laurie Huntley
                                                                                          Laurie Huntley  2 weeks back

                                                                                          There should be something they can do about Corrupt Managers

                                                                                          • Charles Griggs
                                                                                            Charles Griggs  2 weeks back

                                                                                            It's a crime to be poor ?