Is Bruce Springsteen a billionaire? Singer says his net worth estimate is wrong

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Bruce Springsteen is setting the file straight on his alleged billionaire standing. According to the 75-year-old music icon, his net worth isn’t as massive as Forbes beforehand reported.

In July, the enterprise journal “conservatively” estimated Springsteen’s net worth to be $1.1bn. However, the “Dancing in the Dark” artist has now claimed he’s not a billionaire.

“I’m not a billionaire. I wish I was, but they got that real wrong,” he stated in an October 25 interview with The Telegraph.

“I’ve spent too much money on superfluous things,” Springsteen continued, noting how his spending habits have noticeably impacted his net worth.

Springsteen stated he believes in benefiting from “good fortune,” particularly after spending time sleeping on tour buses and hardwood flooring for thus lengthy.

Springsteen additionally stated he pays “a tremendous amount of money” to his band, who he credit generously with his success.

Bruce Springsteen says his spending habits have diminished his net worth

Bruce Springsteen says his spending habits have diminished his net worth (Getty Images)

“If you get the art right, the music right, and the band right, you go out and play every night like it’s your last night on Earth. That was the serial philosophy of the band, and we’re sticking to it,” stated Springsteen.

Springsteen bought his complete music catalog, grasp recordings, and publishing rights to Sony in 2021 for an estimated $550m. Two years later, Springsteen and The E Street Band’s tour reportedly grossed greater than $142.6m from 28 reveals. Forbes claims Springsteen’s “annual earnings” have “easily” handed $80m when he’s been on tour.

Taylor Swift performing at her first London concert at Wembley Stadium

Taylor Swift acting at her first London live performance at Wembley Stadium (PA Wire)

Last September, he was pressured to cancel and postpone all of the remaining dates on his 2023 tour as he recovered from a peptic ulcer. He’s since resumed performing and is presently touring internationally.

Still, Springsteen’s earnings haven’t come near Taylor Swift’s Eras Tour. After 152 reveals, the “Fifteen” singer’s live performance sequence amassed $1.1bn in 2023, changing into the highest-grossing tour of all time, in response to Time.

As of April 2024, Swift was formally on Forbes’ billionaire record, additional solidifying her standing because the world’s richest feminine musician. The pop icon’s net worth was massively boosted by her prolonged live performance sequence and the entire worth of her music catalog.

Meanwhile, Jay-Z is the richest male musician with a net worth of $2.5bn, however George Lucas, Steven Spielberg, Michael Jordan, and Oprah Winfrey are all listed forward of him on Forbes’ 2024 superstar billionaire record with net worths of $5.5bn, $4.8bn, $3.2bn, and $2.8bn, respectively.

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