By Sean Smith
June 17, 2009 at 12:00 PM EDT

Singer Billy Joel, 60, and wife Katie Lee, 27, are ending their marriage, reports. “After nearly five years of marriage Billy Joel & Katie LeeJoel have decided to separate,” the couple’s reps said in a statement. “This decision is a result of muchthoughtful consideration. Billy & Katie remain caring friends withadmiration and respect for each other.” According to People, rumors about trouble in the marriage have been circulating for months.