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Reading: No, Bruce Springsteen just isn’t a billionaire—he says he spent an excessive amount of cash on ‘superfluous issues’
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The Texas Reporter > Blog > Business > No, Bruce Springsteen just isn’t a billionaire—he says he spent an excessive amount of cash on ‘superfluous issues’
Business

No, Bruce Springsteen just isn’t a billionaire—he says he spent an excessive amount of cash on ‘superfluous issues’

Editorial Board
Editorial Board Published October 30, 2024
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No, Bruce Springsteen just isn’t a billionaire—he says he spent an excessive amount of cash on ‘superfluous issues’
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No, Bruce Springsteen just isn’t a billionaire—he says he spent an excessive amount of cash on ‘superfluous issues’

Contents
‘Superfluous’ spendingSpringsteen and politics

Bruce Springsteen has poured chilly water on the notion that he’s a billionaire, saying 10-figure estimates of his web price are “real wrong.”

Retailers like Forbes have estimated The Boss is price $1.2 billion—owing to his huge catalog of studio and stay albums, which he offered to Sony in 2021 for $500 million.

However the New Jersey native has set the file straight, bluntly telling media: “I’m not a billionaire.

“I wish I was, but they got that real wrong,” Springsteen advised the Telegraph in a latest interview. “I’ve spent too much money on superfluous things.”

The 75-year-old rock-and-roll legend launched his first studio album—Greetings From Asbury Park, N.J.—greater than 50 years in the past and has been touring ever since.

He desires to benefit from the fruits of his labor, including folks ought to take pleasure in their “good fortune” as a result of in any case, “you put the work in.”

However the father of three mentioned he’s by no means let the finer issues in life distract him from the larger image, including, “That’s usually where people go south.”

Defending his expertise was key to making sure that didn’t occur, he added: “If I had failed at that, I would have failed at everything, in my opinion.”

‘Superfluous’ spending

What Springsteen would class as a “superfluous” spend isn’t clear, however his philanthropic and charitable spending is well-documented.

Earlier this yr it emerged that the rocker donated $20,000—the equal of greater than $58,000 in 2024 foreign money—to help miners within the north of England within the Eighties, who have been on strike on the time.

Springsteen handed two miners’ wives—Juliana Heron and Anne Suddick—the test at a gig in Newcastle in 1985, with none publicity.

“He just said, ‘I truly support what the miners are doing for their communities. I want to present you with this cheque,’” Heron advised the BBC earlier this yr.

A yr prior Springsteen and his spouse, Patti Scialfa, donated $100,000 to the restoration of the Turf Membership, a music venue courting again to the Sixties, in Asbury Park, the place the musician grew up.

Certainly the Born in the usA. singer-songwriter has stayed near his roots and in 2019 gave followers some perception into his residence life.

Springsteen exhibits CBS’s Gayle King round his residence studio in New Jersey, the place he has recorded nearly all of his music over the previous 15 years.

A portion of Springsteen’s wealth additionally apparently goes to preserving livestock, as he confirmed King his pet pigs and horses.

Springsteen and politics

The entrance man identified for his excursions alongside the E Avenue Band can also be forthcoming about his political inclination.

Springsteen was a staunch supporter of President Obama, ceaselessly headlining live shows and showing at rallies for the previous Democratic commander-in-chief.

Whether or not or not Springsteen donates to Democratic nominees isn’t identified, however the “Thunder Road” singer has come out in help of Harris within the upcoming presidential election.

He advised the Telegraph this month he’s “not that anxious” in regards to the end result of the White Home race as a result of he believes Harris will win, although including, “Of course, I’ve been wrong before about this.”

Springsteen continued, referring to Donald Trump: “Within the States, there’s an unlimited anxiousness, nevertheless, at dropping the issues which can be dearest to us, the hazard of dropping democracy, rule of legislation, peaceable switch of energy. And it is a man who’s dedicated to none of these items.

“He’s an insurrectionist. You know, he led a coup on the United States government, so there’s no way he should be let anywhere near the office of the presidency.”

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