What's happened
Bruce Springsteen has publicly refuted Forbes' claim that he is a billionaire, stating his net worth is significantly lower due to extravagant spending. Despite a lucrative music career and recent tour earnings, he emphasizes the importance of compensating his band well and maintaining a healthy lifestyle.
Why it matters
What the papers say
According to The Independent, Springsteen stated, "I'm not a billionaire. I wish I was, but they got that real wrong," emphasizing his spending habits. Business Insider UK corroborates this, noting that Springsteen's earnings from his 2023 tour were substantial, yet he remains grounded about his financial status. The contrast between his reported net worth and his personal claims illustrates the complexities of celebrity finances and public perception.
How we got here
In July 2024, Forbes estimated Bruce Springsteen's net worth at $1.1 billion, later suggesting it had risen to $1.2 billion. However, Springsteen has disputed these figures, attributing his financial situation to high spending and generous payments to his band.
More on these topics
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Bruce Frederick Joseph Springsteen is an American singer, songwriter, and musician who is both a solo artist and the leader of the E Street Band.
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Forbes is an American business magazine. Published biweekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its h