The Brooklyn native is remembered for his hit songs “Two Tickets to Paradise” and “Take Me Home Tonight.”
He was 70. His family has released a statement on his passing.
“The Money Family regrets to announce that Eddie passed away peacefully early this morning,” his family said in a statement. “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.”
Born Edward Joseph Mahoney, Money was diagnosed with stage 4 esophageal cancer, which he revealed to the public last month.