The track is a duet between Alice Cooper and Scottish musician Donovan, who provides the falsetto and high harmony vocals.

[2] BMI lists[3] the composers of "Billion Dollar Babies" as Alice Cooper, Michael Bruce and Reggie Vinson (a session guitarist who had worked with the Alice Cooper band previously).

[5] Record World said that "produced by the incomparable Bob Ezrin, [the single] should see billions of Cooper babies flocking to the stores and gobbling it up.

Alice Cooper Band members Michael Bruce, Dennis Dunaway, and Neal Smith, along with additions Bob Dolin, Stu Daye and Mike Marconi, recorded as Billion Dollar Babies.

[7] The band Billion Dollar Babies released only one album, 1977's Battle Axe, before disbanding.