Bruce Springsteen Sets Record Straight: "I'm Not a Billionaire" Despite Forbes Estimate

Bruce Springsteen Sets Record Straight: "I'm Not a Billionaire" Despite Forbes Estimate

By Marcus Bennett

November 17, 2024 at 08:44 PM

Bruce Springsteen and E Street Band

Bruce Springsteen and E Street Band

Photo Credit: Dena Flows / CC by 3.0

Bruce Springsteen has rejected Forbes' estimate of his billion-dollar net worth, stating "I'm not a billionaire... they got that real wrong." This comes after Forbes' July 2024 report that valued his career at $1.1 billion, factoring in his $500 million catalog sale to Sony, successful world tour, and extensive musical catalog.

The estimate included:

  • 21 studio albums, 7 live albums, and 5 EPs
  • Over 140 million albums sold globally
  • Bestselling memoir
  • 236 Broadway performances
  • 2023 world tour generating $380 million

Springsteen attributes his lower net worth to significant spending and generous compensation for his E Street Band members. "I pay them a tremendous amount of money," he explained at a recent London documentary screening. "That greases the wheels pretty good."

The Boss emphasizes that financial success was never his primary goal, stating that focusing solely on money is "usually where people go south." His philosophy remains centered on performing "every night like it's your last night on Earth."

A biopic about Springsteen's life, starring Jeremy Allen White, is scheduled for release in 2025.

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