Rod Stewart Engaged

Rod Stewart, 60, proposed to longtime model girlfriend Penny Lancaster, 33, last Wednesday on top of the Eiffel Tower. The couple plan to marry later this year.

This will be the Grammy-winner's third marriage: He was previously married to models Alana Stewart and Rachel Hunter, whose divorce from Stewart is currently being finalized.

"I left it this long because I wanted to get it right this time," the singer said of the five-year relationship in a statement. "I've never been happier and more in love than I am today."

Stewart was the sixth highest-earning rocker in 2004, taking home $34.6 million thanks to the popularity of his Great American Songbook series and tour dates. His songs "Do Ya Think I'm Sexy?" (1978) and "Maggie May" (1971) were recently among Rolling Stone's 50 Greatest Songs of All Time.

Tonight at New York's Waldorf Astoria Hotel, Stewart will induct soul singer Percy Sledge, best known for his 1966 classic "When a Man Loves a Woman," into the Rock & Roll Hall of Fame. Stewart was himself inducted in 1994.

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Song Stories

“All Along the Watchtower”

The Jimi Hendrix Experience | 1968

Jimi Hendrix got hold of Bob Dylan's early John Wesley Harding tapes and in late 1967 recorded a version of "All Along the Watchtower" with the Experience in London. Dissatisfied with that first development, Hendrix brought those tapes with him to New York in early 1968 when he began work on Electric Ladyland. Eddie Kramer, Hendrix's engineer at the time, told Rolling Stone that Hendrix "was still looked upon by his basically white audience as the mammoth black guitar hero. There was a constant fight within him to expand himself." Hendrix's successful take on Dylan's work has long been recognized by the songwriter. "I liked Jimi Hendrix's record of this and ever since he died I've been doing it that way," Dylan wrote in the liner notes to his Biograph box set. "Strange how when I sing it, I always feel it's a tribute to him in some kind of way."

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