- Has been involved with rock band Yes from 1990-2000 and 2014 to present. He was officially a member, playing rhythm guitar and singing backing vocals, from 1997-2000, but also toured with them as an additional musician in 1994. He also produced/engineered albums in 1991, 1996, 1997 and 2014. In 2015 he joined the band as bassist and backing vocalist, taking over from Chris Squire.
- Lives in California, where he has his own recording studio (Uncle Studios).
- Formed Yes spin-off band CIRCA: with other Yes members Tony Kaye and Alan White with ex-Lodgic band-mate Jimmy Haun.
- Younger brother of Michael Sherwood.
- Formed rock band Conspiracy in 1999 with Chris Squire, the pair had been writing together since 1989 and were both in Yes at the time.
- Billy has made several tribute albums at his studio (for example two Pink Floyd tribute albums) featuring impressive line-ups of well-known classic rock musicians.
- His godfather was the late Milton Berle.
- Son of Bobby Sherwood.
- Son, Ethan, was born in 2003.
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