Billboard Legend of Live honoree has a legendary list of showbiz pals -- Frank, MJ, Mick, Stevie Wonder -- and nearly 50 years worth of outrageous tales.

Lionel Richie splays his body over an armchair in his palatial Beverly Hills mansion, with a scarf wrapped around his neck and The Police playing on the sound system."I don't need five or six homes," he says. "I just need one good one."

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