Bruce Springsteen has poured cold water on the idea that he is a billionaire, saying estimates of his 10-figure net worth are “really wrong.”
News outlets such as Forbes have estimated that The Boss is worth $1.2 billion, based on his extensive catalog of studio and live albums, which he expects to increase to $500 million in 2021. It was sold to Sony.
However, the New Jersey native set the record straight by telling the media, “I’m not a billionaire.”
“I wish that was the case, but they were really wrong,” Springsteen said in a recent interview with the Telegraph. “I spent too much money on unnecessary things.”
The 75-year-old rock and roll legend released his first studio album, Greetings from Ashbury Park, New Jersey, more than 50 years ago and has been touring ever since.
He wants to enjoy the fruits of his labor, adding that people should enjoy their “luck” because, after all, “it’s you who worked hard.”
But the father-of-three says he never lets the minutiae of life take him away from the big picture, adding: “That’s usually where people go.” .
Protecting his talent was key to keeping that from happening, he added. “If we had failed at that, in my opinion, we would have failed at everything.”
“extra” spending
It’s unclear what Springsteen would classify as “extra” spending, but his philanthropic and philanthropic spending is well documented.
Earlier this year, it was revealed that the rocker donated $20,000 (the equivalent of more than $58,000 in 2024 currency) to support striking miners in the north of England in the 1980s. It became.
In 1985, Springsteen handed checks to two miners’ wives, Juliana Herron and Anne Saddick, without any publicity at a live show in Newcastle.
“He said, ‘I want to give you this check because I really support what the miners are doing for their communities,'” Herron told the BBC earlier this year.
A year ago, Springsteen and his wife, Patti Scialfa, donated $100,000 toward the restoration of The Turf Club, a music venue dating back to the 1960s in Asbury Park, where the musician grew up.
In fact, the “American Born” singer-songwriter has gotten closer to his roots, giving fans an insight into his home life in 2019.
Springsteen gave CBS’s Gayle King a tour of his home studio in Jersey, where he has recorded most of his music over the past 15 years.
Some of Springsteen’s wealth also appears to be devoted to raising livestock, as he showed King his pet pigs and horses.
Springsteen and politics
The frontman, known for touring with the E Street Band, has also been outspoken about his political leanings.
Springsteen was an avid supporter of President Obama, frequently headlining concerts and appearing at rallies for the former Democratic commander-in-chief.
It’s unclear whether Springsteen has donated to Democratic candidates, but the Thunder Road singer has announced his support for Harris in the upcoming presidential election.
He told the Telegraph earlier this month that he was “not really worried” about the outcome of the White House election because he believed Harris would win, but added: “Of course I’ve been wrong about this before. ” he added.
Springsteen continued: “But there is great anxiety in America about the risk of losing what is most important to us: democracy, the rule of law, and the peaceful transfer of power. Not too enthusiastic.
“He’s an insurrectionist. You know, he led a coup against the U.S. government, so he can’t be allowed anywhere near the presidential palace.”
