Bruce Springsteen has recently addressed claims regarding his wealth, specifically denying the assertion that he is a billionaire. The legendary musician explained that his spending habits make such a claim unrealistic. In July, Forbes estimated his net worth at $1.1 billion, a figure largely attributed to his impressive record sales and a highly successful touring career, which includes selling over 1.6 million tickets and generating approximately $380 million in revenue in 2023 alone.
A significant factor in Forbes’ valuation was Springsteen’s lucrative deal with Sony Music Publishing in 2021, in which he sold his back catalog for $500 million. However, in a candid interview with The Telegraph, Springsteen stated, “I’m not a billionaire. I wish I was, but they got that real wrong. I’ve spent too much money on superfluous things.” While he acknowledges his financial success, he emphasizes the importance of hard work and cautions against becoming overly focused on wealth, as he believes it can lead to negative outcomes.
Despite downplaying his billionaire status, Springsteen is certainly not lacking in financial stability thanks to his agreement with Sony. He described this decision as a “no-brainer,” pointing out that at 73, he wanted to ensure his catalog was well cared for by Columbia Records. He noted the timing was right for such a move, reinforcing that he has always pursued music out of passion rather than financial gain. “I bumped into the luckiest job in the world,” he said, reflecting on how he would have happily performed for free.
On October 25, Springsteen’s new documentary, Road Diary, debuted on Disney+, offering fans an intimate look into his life and the dynamics of the E-Street Band. The film captures the behind-the-scenes preparations for their 2023 and 2024 tour, showcasing both their creative processes and personal connections. Springsteen humorously acknowledged the urgency of the project, stating, “I could be dead by the next one,” and highlighted his determination to live fully in the present.
His bandmate, Steven Van Zandt, echoed this sentiment, asserting that they are committed to making their mark and not going out quietly. “We’re closer to the end than we are to the beginning, but the point of this tour was that we’re not going out quietly, man,” he remarked. Together, they are determined to embrace their vitality while acknowledging the reality of their journey in the music world.
