Eddie Money was born Edward Joseph Mahoney in Manhattan, New York City on March 21, 1949, to a large family of Irish Catholic descent. His parents were Dorothy Elizabeth (née Keller), a homemaker, and Daniel Patrick Mahoney, a police officer. He grew up in Levittown, New York, but spent some teenage years in Woodhaven, Queens, New York City. Money was a street singer from the age of eleven. As a teenager, he played in rock bands, in part to get dates from cheerleaders. He was thrown out of one high school for forging a report card. In 1967, he graduated from Island Trees High School.
At the age of 18, he tried to follow in the footsteps of his grandfather, father, and brother as a New York City Police Department trainee. However, after working as a clerk and typist, he left in 1968 to pursue a career in music, as the police did not allow him to grow his hair long. “I couldn’t see myself in a police uniform for 20 years of my life, with short hair,” he later said. His bandmates also fired him because they did not want a police officer in the group. His father was not happy with his decision to play music and tore Jimi Hendrix posters from his wall. He never lost sight of his blue-collar upbringing however and even at the height of his career with all the celebrity, millions of albums sold, and large sums of money he made, was one of the few artists who never changed. His ego was always in check, he remained a regular guy–someone you’d really have fun hanging out with. And he treated anyone he met, in any walk of life, exactly the same, with big respect.
‘Once he was traveling with a local music rep in New York–they were late for a radio interview and speeding on the Long Island Expressway. They were pulled over by the cops and it turns out one of the policemen was a guy who was a classmate of Eddie’s when they went through the Police Academy together. “Hey Eddie, you knucklehead, what are you doin’?!! Come on, I’ll give you guys a police escort!” That kind of fun luck used to happen a lot for Eddie.’
He began studying saxophone during a brief stint at junior college, inspired by rock musicians like David Bowie and Van Morrison who occasionally used the instrument.
In 1968, Money moved to Berkeley, California. There, he studied with vocal coach Judy Davis, and took on the stage name Eddie Money, dropping two letters from his last name and sarcastically referring to the fact that he was always broke.
Over the course of the next 8 years, Money became a regular performer at clubs in the San Francisco Bay Area. After gaining the attention of Bill Graham, he secured a recording contract with Columbia Records, releasing his debut album in 1977. He charted with singles such as “Baby Hold On” and “Two Tickets to Paradise”, about visiting his girlfriend despite not having money.
In 1978, Money opened for Santana at Boston’s Music Hall. The following year, he sang backing vocals on the bridge section on “I’m Alright”, a song written and performed by Kenny Loggins. In 2014, Money claimed that Loggins never gave him credit for his contribution.
His ascend started with “Baby Hold On.” The lyrics were not intellectual enough for the cognoscenti. But the music was undeniable, you heard it once and got it whereas so much vaunted stuff, then and now, you listen to over and over again and still don’t get.
Then came “Two Tickets To Paradise.”
Now that was a smash right out of the box. Great title, great track, great, emphatic chorus:
“I’ve got two tickets to paradise, Won’t you pack your bags, we’ll leave tonight”
This was 1978. When airline travel was still expensive. When you didn’t hop on a plane to go to a show or a game, you were stuck at home, dreaming, of what could possibly be, and Eddie Money was opening the top of your brain and filling you with hope
In 1982, Money took advantage of the MTV music video scene with his humorous narrative videos for “Think I’m in Love”, performed at The Mission Inn Hotel & Spa, and “Shakin'”. In the early 1980s, he appeared on The Midnight Special, Fridays, and Solid Gold. In 1978 and 1984, he appeared on American Bandstand.
Money’s career slumped temporarily following the commercially unsuccessful 1983 album Where’s the Party?. However, he made a comeback in 1986 with the album Can’t Hold Back, which received a music recording certification of platinum. “Take Me Home Tonight”, a single from the album, peaked at No. 4 on the Billboard Hot 100 chart in the United States. Money only agreed to perform the song—which included a line from “Be My Baby”, a song Ronnie Spector performed as part of The Ronettes—after Spector agreed to sing the line herself. In 1987, Money was nominated for a Grammy Award for Best Male Rock Vocal Performance for “Take Me Home Tonight”. “I Wanna Go Back” and “Endless Nights”—two other singles from the Can’t Hold Back album—peaked at No. 14 and No. 21, respectively.
In 1988, Money released Nothing to Lose, which featured the Top 10 hit “Walk on Water” and the Top 40 hit “The Love in Your Eyes”.
It was 1992, “Unplugged” was flourishing on the now totally dominant MTV. Not that Eddie Money was cool enough to be featured, but he released his own acoustic live album, that positively ROCKED! “Unplug it in”.
“Gimme Some Water,” the opening cut. This was an album track from Money’s mostly hitless second LP “Life For The Taking.” Oh, “Maybe I’m A Fool” made it to number 22 on the singles chart, but at this point no one was listening to Top Forty, AOR ruled, and you didn’t need a pop hit to go platinum, as “Life For The Taking” did.
Also beginning in 1992, Money opened the summer concert season for the Pine Knob Music Theater in Clarkston, Michigan where he would return to open the venue for 27 consecutive years. In 1996, he wrote the theme music to Quack Pack, a Disney cartoon.
Money was inducted into the Long Island Music Hall of Fame in 2008. In January 2010, he performed a medley of his hit singles during the halftime performance at the Liberty Bowl.
Eddie was a natural frontman and his original guitar player Jimmy Lyon played a role like Ronnie Wood did for Rod Stewart in the Faces – together they killed it onstage. Eddie was a very funny guy with quick wit and often the dumbest jokes.
In the beginning, he was a wild man like many rockers. On his first radio promotional tour he was going to be traveling with Warren Williams, a legendary Columbia rep for the western region. Eddie asked Warren to stop at a local liquor store, “Hey Warren, I just want to run in and get a pack of cigarettes.” About twenty minutes later Eddie emerged with a giant case full of Whiskey, Vodka, Tequila, and Gin – “OK, I’m ready now.”
In later years he toured as a classic rock act with his daughter and other family members in his band. He used to joke–“It’s like the Partridge Family, only with marijuana!”
Money wrote and performed original songs for the films Americathon (1979), Over the Top, Back to the Beach (both 1987), and Kuffs (1992), along with the television series Hardball (1989–1990).
Eddie Money died on Sep. 13, 2019. He was 70 years old.
In the three days following Money’s death, fans streamed “Take Me Home Tonight” more than 3.1 million times, which was an increase of 349 percent compared to the previous three-day period. Fans also streamed his other songs by 931 percent more than the three previous days.
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