Billy Joel, 60, and wife Katie Lee Joel, 28, have decided to end their five year marriage after thoughtful consideration and will remain friends with admiration and respect for each other, according to US Magazine.

The couple tied the knot at the singer’s 15-acre waterfront Center Island estate in Long Island, New York, back in 2004. Katie has been seen out with 36 year-old fashion designer Yigal Azrouel but their rep denies the rumors of the affair, saying “Everything is very amicable and it was just a growing apart.”

Billy Joel was previously married to business manager Elizabeth Weber and Christie Brinkley.

Billy Joel & Katie Lee Joel Pictures

[images: wenn.com]