LATEST:  Billy Joel  confirms EXCLUSIVE series of ENQUIRER reports as he divorces Wife # 3 Katie Lee!  “After nearly five years of marriage, Billy and Katie have decided to separate,” reps for the pair said in a joint statement issued earlier.

“This decision is the result of much thought and consideration. Billy and Katie remain caring friends, with admiration and respect for each other.”

“Take a hike!”  With those angry words, Billy Joel pulled the plug on his four-and-a-half-year marriage to much-younger wife Katie Lee during an explosive fight in mid-June, The ENQUIRER has learned exclusively.

The 60-year-old Piano Man, who’s been married twice before, has already retained a top lawyer and is expected to hit the courthouse again soon to file for divorce from Katie Lee, 27, say close sources.

The final straw for the superstar musician was his young wife’s refusal to end her cozy relationship with Yigal Azrouel, a handsome 36-year-old Israeli-born fashion designer.

In our April 20 issue, The ENQUIRER reported that Katie Lee had been seeing Yigal for nearly a year. She’d moved out of Billy’s Long Island mansion to the New York condo they have – just blocks from Yigal’s boutique.

Billy, who had been away for months on a long concert tour, was told by close pals that Katie Lee was up to no good – and that he should dump her.

Their final fight occurred when Katie Lee asked Billy to accompany her to an event she was hosting in the Hamptons on June 13, said the source.

“He snapped, ‘So now you want me to be by your side and play your happy husband?! Take a hike!'”

For the FULL STORY YOU WON’T FIND ANYWHERE ELSE pick up the new ENQUIRER – on sale now!
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