His earnings got a major boost in 2021 after he sold his music catalog to Sony for around $500 million, while his 2023 world tour brought in a further $380 million in revenue, according to Pollstar.
In July, Forbes said that the singer had entered the billionaire club for the first time, putting his net worth at $1.1 billion.
Forbes' real-time net worth tracker suggests that figure has continued to rise over the last few months, estimating his current net worth to be $1.2 billion.
But Springsteen, 75, recently told The Telegraph that such numbers were way off.
"I'm not a billionaire," Springsteen said. "I wish I was, but they got that real wrong."
"I've spent too much money on superfluous things," he added.
The musician, famed for hits such as "Born in the USA" and "Thunder Road," was speaking to The Telegraph ahead of the release of his new documentary, "Road Diary: Bruce Springsteen and the E Street Band."
Following a recent screening of the movie in London, attended by Business Insider, Springsteen also shared another way he uses some of his cash — paying his band "a tremendous amount of money."
The singer said that tactic had been key to his career success and longevity.
"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," he said.
Springsteen has previously opened up about some of the financial troubles he faced early in his career after he said he hadn't paid some of his taxes.
In an interview with Tom Hanks at the Tribeca Film Festival in 2017, the singer spoke candidly on the topic, saying: "First of all, I never met anyone in New Jersey who paid his taxes," per Vanity Fair.
"They came after us. I had to work for a couple of years for somebody else," he said. "Not only did I have to pay all the taxes that I hadn't paid, and then bills that I hadn't paid."
"In 1980, I think I had about $20,000 to my name," he added.
After more than a half-century in the music industry, Bruce Springsteen has reportedly entered his billionaire era.
The 74-year-old New Jersey native, responsible for numerous hits including “Dancing in the Dark,” “Born in the USA,” and “I’m on Fire,” now has an estimated net worth of $1.1bn, according to Forbes.
Springsteen joins an exclusive list of music artists who, as of 2024, are worth more than a billion dollars including Jay-Z ($2.5bn), Rihanna ($1.4bn) and Taylor Swift ($1.1bn), who recently cemented her billionaire status in October 2023.
Nicknamed The Boss, Springsteen has garnered international fame as a rock singer-songwriter and guitarist.
Throughout his glittering six-decade-long career, he’s sold well over 71 million albums in the US and 140 million albums globally.
But it’s been his work in recent years that has helped him achieve billionaire status. In 2021, the rocker sold his music catalog to Sony for an estimated $500-$550m. The sale made history as the largest transaction ever struck for a single artist’s body of work, Variety reported.
In 2023, Springsteen’s world tour generated nearly $380m in ticket revenue from more than 3.4 million tickets sold, per Pollstar.
He played as part of the high school band before he released his debut album, Greetings From Asbury Park, NJ, in 1973. Springsteen has released a total of 21 studio albums over the course of his career, with his latest being Only the Strong Survive in 2022.
Springsteen won his first Grammy for Best Male Rock Vocal Performance for his song “Dancing in the Dark” in 1985. In total, he’s earned 51 nominations, of which he’s won 20.
By the age of 26, he was inducted into the Rock and Roll Hall of Fame in 1999. His primary backing band, the E Street Band, with whom he’s performed since 1972, was later inducted in 2014.
