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Money & Banking

Bruce Springsteen is officially a billionaire

Bruce Springsteen has officially become a billionaire. 

Financial magazine Forbes announced his achievement, with the 74-year-old's fortune at an estimated $US 1.1 billion (approx. $1.7 billion), with the outlet emphasising that they were just "conservatively estimating". 

The rock star had a six-decade long career, with over 140 million albums sold worldwide, an autobiography, Born to Run, and a sold-out Broadway show called Springsteen on Broadway, as a few of the factors that helped him become a billionaire. 

But of course, the biggest reason would be due to selling his entire music catalogue — featuring hits such as Dancing in the Dark, Brilliant Disguise and Streets of Philadelphia — to Sony in 2021 for $US 500 million (approx. $748 million).

In 2023, his world tour raked in $US380 million ($569 million), according to Pollstar, and he is still touring to this day, having recently been in Stockholm for the European leg of his tour, Springsteen and E Street Band

Springsteen also dabbles in real estate, with two lavish properties in Wellington, Florida and a residence in Beverly Hills he bought in 2010, which is now estimated at $US15 million ($22 million).

The rock star has certainly come a long way from his humble beginnings as a bartender at the Stone Pony club in Asbury Park, New Jersey. 

“I wasn’t much of a bartender, but I’d serve up the beers and just have fun with the fans, and just enjoy myself,” Springsteen said in his new book I Don’t Want to Go Home: The Oral History of the Stone Pony.

“[My signature] was beer. With a Jack Daniel’s on the side, maybe.”

No matter how much money he has earned, Springsteen stays true to his roots as the boy from New Jersey, and just last year he was spotted at a cheap diner, Roberto’s Freehold Grill, in his home town. 

“I just still like it here,” he told Variety in 2017.

“I think Jersey Shore is a great place to live … I’m still a beach bum so I’ll swim until November. It’s just still a place that we love, man.”

Image: JUANJO MARTIN/EPA-EFE/ Shutterstock Editorial

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Money & Banking, Celebrity, Net Worth, Bruce Springsteen