Bruce Springsteen Says Claims of His Billionaire Status Are 'Wrong': 'Spent Too Much Money on Superfluous Things'

Mar. 15, 2025

Bruce Springsteen.Photo:Jane Barlow/PA Images via Getty

Jane Barlow/PA Images via Getty

Bruce Springsteenis clearing up speculations surrounding his net worth, claiming the actual figure is smaller than previously believed.

In July,Forbesreported a “conservative” estimate of Springsteen’s net worth as over $1.1 billion. Now, the singer is addressing the figure in an interview withThe Telegraph, noting that his spending habits have noticeably impacted the current standing of his finances.

“I’m not a billionaire. I wish I was, but they got that real wrong,” the 75-year-old “Born to Run” musician shared, though he did not mention an accurate monetary figure to correct the publication.

Bruce Springsteen.Kristina Bumphrey/Variety via Getty

Kristina Bumphrey/Variety via Getty

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According toPollstar, Springsteen and theE Street Bandalso grossed $379.5 million from nearly 3.5 million tickets sold at 66 concerts in 2023 while touring.

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However, the “Born in the U.S.A.” singer added toThe Telegraph, “I’ve spent too much money on superfluous things," diminishing his total net worth today.

Steven Van Zandt (left), Thom Zimny, Bruce Springsteen and Jon Landau in Los Angeles on Oct. 21, 2024.Tommaso Boddi/Variety via Getty

Tommaso Boddi/Variety via Getty

On top of that, Springsteen noted that he makes sure to fairly compensate those he makes music with. “I pay a tremendous amount of money to my band,” he shared, claiming it’s a key to his success.

“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," he said, adding, “That was the serial philosophy of the band, and we’re sticking to it."

Springsteen’s philosophy is highlighted in the new Hulu and Disney+ documentary,Road Diary: Bruce Springsteen and the E Street Band, which follows the legendary rockers as they prepare for and embark on their first tour in seven years — which is still ongoing.

“I plan on continuing until the wheels come off, and for as long as the band will follow me,” Springsteen says during the film, in a similar sentiment to his new claims toThe Telegraph. “There’s one thing I know. After 50 years on the road, it’s too late to stop now.”

source: people.com