Bruce Springsteen Officially Declared Billionaire By Forbes

Bruce Springsteen now has an approximate net worth of over a billion dollars, according to estimates by Forbes, officially making Springsteen a billionaire. On top of that, such calculations are on the “conservative” side, Deadline notes.

Specifically, Forbes puts his net worth at around $1.1 billion. Net worth can be a tricky thing to define and account for in totality. It includes all assets, from houses to vehicles—land and sea and air—as well as stocks, artwork, and, of course, any monetary income they make. So, what has brought the numbers so high for the Boss to make Springsteen a billionaire?

Forbes has declared Bruce Springsteen a billionaire

Looking at the numbers, Springsteen’s wealth is supplemented by 140 million album sales worldwide since he kicked off his career in 1964. His albums include 21 studio albums, five EPs, and seven live albums. Speaking of live, the concerts for his world tour drew in 3.4 million ticket sales, which resulted in $380 million in profit.

On top of all that, Springsteen set up a residency on Broadway that, 267 shows later when all was said and done, made $113,058,952 at the box office.

But, Deadline reports, the biggest source of financial gain for Springsteen came when he sold his music catalog to Sony in 2021, netting Springsteen anywhere between $500 million to $550 million.

The Boss climbed his way to the top

Springsteen has always stayed devoted to his Jersey roots, but he’s come quite a distance in other ways. Most notably, in light of this new economic development, Springsteen came from a humble working-class family. His father worked as a bus driver while maintaining other jobs. His mother’s work as a legal secretary made her the primary breadwinner.

Springsteen developed dreams of a career in music by the time he was seven, enchanted early on by fellow Jersey boy Frank Sinatra, plus a captivating and ultimately formative performance of Elvis Presley on The Ed Sullivan Show.

To cultivate this ambition, his mother acquired him a guitar; Springsteen’s very first instrument was a rental that cost $6 a week and left him feeling more impatient than ever. How could a young Bruce Springsteen know, at the time, that one day, he would become a billionaire thanks to his music career?