The Depression was financially hard on the Liberace family. 'My dreams were filled with fantasies of following his footsteps.Inspired and fired with ambition, I began to practice with a fervour that made my previous interest in the piano look like neglect.' Paderewski later became a family friend as well as Liberace's mentor, to whom the protege never missed any opportunities to pay tribute. 'I was intoxicated by the joy I got from the great virtuoso's playing', Liberace said later. At the age of 8, he met Paderewski backstage after a concert at the Pabst Theater in Milwaukee. He studied the technique of the Polish pianist Ignacy Jan Paderewski.

By the age of 7, he was capable of memorizing difficult pieces. Liberace's prodigious talent was evident from his early years. While Sam took his children to concerts to further expose them to music, he was a taskmaster demanding high standards from the children in both practice and performance. Liberace began playing the piano at the age of 4. Liberace later said 'My dad's love and respect for music created in him a deep determination to give as his legacy to the world, a family of musicians dedicated to the advancement of the art.'

This disagreement caused family disputes.

While Sam encouraged music in his family, his wife Frances (despite having been a concert pianist before her marriage) believed music lessons and a record player to be unaffordable luxuries. Liberace's father played the French horn in bands and cinemas but often worked as a factory worker or laborer. He had three surviving siblings: a brother George (who was a violinist), a sister Angelina, and younger brother Rudy (Rudolph Valentino Liberace, named after the actor due to his mother's interest in show business). Liberace had an identical twin who died at birth. His mother, Frances Zuchowski (1892–1980), was born in Menasha, Wisconsin of Polish descent. His father, Salvatore ('Sam') Liberace (1885–1977), was an immigrant from Formia in central Italy. Władziu Valentino Liberace (known as Lee to his friends and Walter to family) was born in West Allis, Wisconsin on May 16, 1919. He embraced a lifestyle of flamboyant excess both on and off stage. At the height of his fame from the 1950s to 1970s, he was the highest-paid entertainer in the world with established concert residencies in Las Vegas and an international touring schedule. He was born in Wisconsin to parents of Italian and Polish origin and enjoyed a career spanning four decades of concerts, recordings, television, motion pictures, and endorsements. Władziu Valentino Liberace (– February 4, 1987) was an American pianist, singer, and actor.

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