With income from his music and live performances, Bruce Springsteen has amassed a net worth of $650 Million as of 2022.
Bruce Springsteen is a popular American singer, songwriter, guitarist and record producer. He became known for his unique and creative songwriting skills. His songwriting skills caught the attention of many people, fans and music professionals alike.
Most of his songs reflect his political views and his working class roots in New Jersey, where he grew up. He is a positive thinker; he sees greatness in the travails of everyday American life and is inspired by the stories of ordinary people. He is not a religious man, but does not deny the fact that his Catholic upbringing has shaped his musical career.
He is one of the most admired musicians in America. His greatest work ‘Born in the USA’ is a best seller. His album ‘Born to Run’ is also considered one of the best rock and roll albums and Springsteen’s best work.
The title song of the album was an analysis of the unfair treatment of Vietnam veterans, some of whom were his friends. His songs ‘Born in the USA’ and ‘Born to Run’ made Springsteen the rock star he is today.
Today we’re going to discuss how much money Bruce Springsteen has and how he builds his net worth.
At the end of this article, we will also tell you how to get rich like Bruce Springsteen. So be sure to read to the end.
Bruce Springsteen Net Worth 2022
Bruce Springsteen has an estimated net worth of $650 Million in 2022. Most of his income is from his music and live performances. He has sold more than 150 million albums worldwide, which makes him one of the most successful musicians of all time. He earns more than $700,000 per month.
In his decades-long career, he has achieved fame both as a solo artist and as the leader of the E Street Band. When Bruce is on tour, his earnings can easily exceed $80 million in a single year.
Many of his songs have been inducted into the Songwriters Hall of Fame. Rolling Stone placed him 23rd on its list of the greatest artists of all time. Bruce Springsteen’s most famous album is undoubtedly the 1984 hit “Born in the U.S.A.,” which became one of the best-selling albums of all time, selling 15 million copies in the U.S. and 30 million worldwide. The RIAA certified it fifteen times platinum. It was followed by “Tunnel of Love” (1987), “Human Touch” (1992), “Lucky Town” (1992) and the acoustic album “The Ghost of Tom Joad” (1995).
For his music catalog, Sony Music just paid a whopping $550 million. Bruce Springsteen has recorded 20 studio albums with the E Street Band. The deal valued Bruce’s catalog at 30 times his annual royalties. Assuming that 30 times is based on $600 million, Bruce was earning $20 million a year in royalties.
Combing all his income sources, Bruce Springsteen earns more than $80 Million a year.
To calculate the net worth of Bruce Springsteen, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$650 Million|
|Annual Income:||$80 Million+|
|Source of Wealth:||Singer-songwriter, Musician, Film Producer|
Bruce Springsteen Net Worth Last 5 Years
|Net Worth 2022:||$650 Million|
|Net Worth 2021:||$590 Million|
|Net Worth 2020:||$550 Million|
|Net Worth 2019:||$500 Million|
|Net Worth 2018:||$430 Million|
How Did Bruce Springsteen Build His Net Worth?
Bruce Springsteen’s major income source is from album sales and live performances. He has also made millions of dollars writing songs. Several of his songs have topped the Billboard charts, and he has also won many awards.
In December 2021, he sold his music catalog to Sony for $500 million. He was known as ‘the boss’. His stage performances were loved by his audiences worldwide and his songs were very poetic. Many of his songs were trending, and he wrote and recorded many albums.
He has also received various awards and was awarded the Presidential Medal of Freedom in 2016. He also owns a number of properties in Florida and Los Angeles.
Now, let’s take a closer look at how Bruce Springsteen built his net worth of $650 Million in detail.
How Much Money Does Bruce Springsteen Make From Music, Songs, Albums, Concerts and Tours?
First, Bruce Springsteen made more than $600 million from music, songs, albums, concerts and tours. But how did he get started? Springsteen’s mother bought him a $60 Kent guitar in 1964, which he was remembered for in his song ‘The Wish’.
He began to perform with various bands. In 1970, the well-known music critic of the ‘San Francisco Examiner’, Philip Elwood, complimented him by calling him the most remarkable composer.
From 1970 he tried to form different bands, but they did not do well. Two years later, Mike Appel, Jim Cretecos and John Hammond became aware of him and got him a recording contract with ‘Columbia Records’.
The editor of ‘Crawdaddy’ magazine, Peter Knobler, interviewed him in 1973 and remarked, “He sings with a freshness and urgency I have never heard before.”
Jon Landau, music critic for the Boston newspaper ‘The Real Paper’, saw him perform at ‘Harvard Square Theater’ in 1974 and commented that Bruce Springsteen was the future of rock and roll.
In 1975, Springsteen and the ‘E Street Band’ started a show at New York’s ‘Bottom Line Club’. It became so popular that ‘Rolling Stone’ magazine called the event ‘One of the 50 moments that changed rock and roll’.
Also in 1975, his third album ‘Born to Run’ catapulted him to fame. It reached No. 3 in the ‘Billboard 200’, and he was simultaneously featured on the covers of ‘Time’ and ‘Newsweek’ magazines, something that had previously only been the case with world leaders.
In 1977, a legal dispute between him and his former manager Mike Appel kept him out of the studio for almost a year.
‘Born in the USA’ sold 45 million copies worldwide in 1984 and became one of the best-selling albums, with seven singles reaching the Top 10.
In 1987, he released his album ‘Tunnel of Love’. He performed at the ‘Tunnel of Love Express Tour’ at the Weissensee cycling track in East Berlin, which was attended by 300,000 fans.
Springsteen was inducted into the ‘Rock and Roll Hall of Fame’ in 1999.
In 2008, he sang ‘Working on a Dream’ with Scialfa in support of Barack Obama’s presidential campaign.
On February 1, 2009, he performed at the halftime show of Super Bowl XLIII.
In 2012-2014, the singer released two albums titled ‘Wrecking Ball’ and ‘High Hopes’. The album ‘High Hopes’, released in 2014, consists of covers sung by Bruce.
In January 2016, ‘The River Tour’ began in support of ‘The Ties That Bind: The River Collection’ box set.
‘Chapter and Verse,’ a collection from Springsteen’s career dating back to 1966, was released in September 2016.
In September 2016, Springsteen performed for four hours and four minutes at ‘Citizens Bank Park’ in Philadelphia, Pennsylvania as part of ‘The River 2016 Tour’. It is his longest performance in the United States to date.
The live album ‘Springsteen on Broadway’ was released in December 2018.
His 19th album ‘Western Stars’ was released in June 2019.
How Much Money Does Bruce Springsteen Make From YouTube, Instagram and Facebook?
Second, Bruce Springsteen made more than $100 million from social media platforms. With 1.62M subscribers, Bruce Springsteen makes a lot of money from his Youtube channel.
YouTubers with 100k subscribers and two new videos each week can make $600 to $1,000. The ad revenue is somewhere between $2,400 and $4,000 per month.
According to the YouTube money calculator, Bruce Springsteen has easily earned at least $3M from his YouTube channel.
As of 2022, Bruce Springsteen also has 1.2m followers on Instagram. That means he is a mega-influencer who can charge $10K+ per post. Instagram pricing calculator shows that his account @springsteen can charge $10.5K – $12.6K for 1 post and 1 story.
Moreover, his Facebook page has 6M million followers.
So it’s safe to say that Bruce Springsteen can make a lot of money from his social media accounts through advertising and sponsorship.
How Much Are Bruce Springsteen’s Cars Worth?
Since Bruce Springsteen is rich, he owns many luxurious cars. Let’s take a look at his car collection.
1963 Chevrolet Impala
Gary U.S. Bonds, the R&B artist who wrote “This Little Girl,” bought a ’63 Impala for the man who wrote the song. Springsteen’s song went from all the way down to No. 11, and the car took 5.9 seconds to accelerate to 60 miles per hour. That’s a fair trade.
1982 Chevrolet Camaro Z28
Springsteen’s first new car was a 1982 Chevy Z28 Camaro, and in his autobiography he recalls buying it, “I had never owned a new car in my life. Nor had I ever spent $10,000 on myself. Still, I bit the bullet, drove to the dealer and drove away in a 1982 Chevy Z28 Camaro. It felt so flashy, like I was driving a solid gold Rolls-Royce.”
Although the car did not have much power (it only had 145 horses), it made up for it with ’80s style. It also had rear-wheel drive.
1960 Chevrolet Corvette
In 1977, after the success of the Born to Run album, he bought one of his long-awaited pieces, a 1960 Chevrolet Corvette, for $6,000. Forty years later, Bruce Springsteen published his memoir, Born to Run, which features a photo of him standing on the hood of the same car; the iconic image also appeared in another book, Rock Star Cars. He still owns it today.
1970 Ford F100
Americana collectors should have at least one classic pickup in their collection. When Springsteen needs to help his Jersey bachelor buddies move, he resorts to his 1970 Ford F100, equipped with a Ranger XLT trim, a 215-horsepower V8, and upgraded suspension.
1969 Chevrolet Camaro SS
Springsteen was spotted in his hometown last summer taking maskless photos with his 1968 Camaro SS convertible. The musician and his wife Patti Scialfa drove the Camaro while listening to Marianne Faithfull’s “Trouble In Mind” on Sirius XM’s E Street Radio.
1969 Ford XL
Apparently Springsteen bought a 1969 Ford XL when he moved to Hollywood in the ’90s. He wanted something long and wide with a wide hood for a cross-country drive from New Jersey to Los Angeles.
1963 Chevrolet Corvette Stingray
Springsteen’s collection also includes the iconic C3 ’63 Corvette Stingray. He likely owns a classic black model with a 360-horsepower V8 engine. It’s a beautiful piece of Americana.
2009 Land Rover Range Rover L322
Boss’s stable is almost entirely American. Springsteen’s garage has been joined by a European vehicle, a Range Rover L322.
What Houses Does Bruce Springsteen Own?
Given Bruce Springsteen’s wealth, you can assume that his house is more expensive than ordinary people’s. And since real estate is a common investment vehicle, we can safely assume that he owns several houses.
The bulk of Bruce’s real estate portfolio consists of properties in New Jersey, particularly Monmouth County. For most of his life, he has owned a 384-acre horse farm in Colts Neck.
Bruce and Patti purchased a 4.5-acre estate in Beverly Hills in 1999 for $13.75 million, which included a 10,000-square-foot main house and a 7,500-square-foot guest house. According to reports, an off-market price of $60-70 million was discussed for this estate in 2015.
Since a mansion was planned for the hill above their estate, they were likely interested in selling. A son of the late King Abdullah of Saudi Arabia has been at odds with Los Angeles for years over his plans to build a 60,000-square-foot mansion that would overlook parts of Springsteen Manor.
In Wellington, Florida, they own a home in an equestrian community. Bill Gates and Mike Bloomberg also own properties nearby. The daughters of Springsteen, Gates and Bloomberg love equestrian sports.
Bruce Springsteen’s Childhood & Early Life
Bruce Springsteen was born Bruce Frederick Joseph Springsteen on September 23, 1949, in New Jersey, USA, to Douglas Frederick and Adele Ann.
After being inspired by Elvis Presley’s performance on ‘The Ed Sullivan Show’, he wanted to become a musician.
His mother recognized his potential and encouraged him. He bought his first guitar in 1964 for $18.95 and that began his lifelong affair with the guitar.
The nickname ‘Boss’ stuck with him because he collected the band’s nightly fee and distributed it among his bandmates.
Bruce Springsteen’s Awards & Achievements
Bruce has received numerous awards and honors for his talent and contribution to music both in the US and in various countries like the UK, Sweden and other countries.
The legendary singer has received numerous awards for his work. His awards include 20 ‘Grammys’, two ‘Golden Globes’ and an ‘Academy Award’. He was also inducted into the ‘Songwriters Hall of Fame’ and the ‘Rock and Roll Hall of Fame’.
‘Rolling Stone’ magazine named him one of the eight ‘Artists of the Decade’ and the fourth highest earning concert artist of the decade.
In 2009, he received the ‘Kennedy Center Honors’, an award given to personalities from the world of art for their contribution to American culture.
In 2013, Springsteen was honored along with his friend and mentor Pete Seeger and 198 other celebrities at the ‘American Academy of Arts and Sciences’ at the Academy’s headquarters in Cambridge, Massachusetts.
Bruce Springsteen’s Personal Life and Wife
During the ‘Born in the U.S.A. Tour,’ he met his future wife, actress Julianne Phillips. They got married in the year 1985.
Unfortunately, their affection for each other did not last long and Springsteen began an affair with ‘E Street Band’ backup singer Patti Scialfa. Bruce and Julianne divorced in 1989.
In the meantime, Springsteen moved in with Scialfa. They married in 1991 and had three children.
New Jersey was hit by Hurricane Sandy in 2012, which prompted Bruce to offer his help. He dedicated his performance at the ‘Blue Cross Arena’ in Rochester to the victims of the storm. He also performed at an hour-long telethon to benefit the American Red Cross and played at Madison Square Garden for Sandy relief.
How Much Does Bruce Springsteen Make a Year?
According to some reports, Bruce Springsteen’s annual income is over $80 Million.
FAQs About Bruce Springsteen
How rich is Bruce Springsteen?
As per the record of media, Bruce Springsteen’s net worth is estimated to be around $650 Million in 2022.
Is Springsteen now a billionaire?
No, he is not a billionaire. He’s just a multi-millionaire with a net worth of $650 Million. Over 150 million records have been sold worldwide. Springsteen earned $80 million in 2022.
Why is Bruce Springsteen so rich?
Music sales and live performances account for the majority of his wealth. The merchandise he sells on his tours, his television appearances, and his autobiography have also made him money.
How tall is Bruce Springsteen?
Bruce Springsteen is 1.77 m tall.
How old is Bruce Springsteen?
Bruce Springsteen was born September 23, 1949, in Long Branch, New Jersey, United States. He is 72 years old as of 2022.
Favorite Bruce Springsteen Quotes
View our larger collection of the best Bruce Springsteen quotes.
When it comes to luck, you make your own.
A good song takes on more meaning as the years pass by.
Blind faith in your leaders, or in anything, will get you killed.
Getting an audience is hard. Sustaining an audience is hard. It demands a consistency of thought, of purpose, and of action over a long period of time.
I have spent my life judging the distance between American reality and the American dream.
It’s a sad man my friend who’s livin’ in his own skin and can’t stand the company.
The past is never the past. It is always present. And you better reckon with it in your life and in your daily experience, or it will get you. It will get you really bad.
The best music is essentially there to provide you something to face the world with.
I suppose when you do it correctly, a good introduction and a good outro makes the song feel like it’s coming out of something and then evolving into something.
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How To Become Rich Like Bruce Springsteen?
Bruce Springsteen did not become rich by luck. To become as rich as Bruce Springsteen, you have to work smart.
Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.
Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.
Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.
You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.
If you seize this golden opportunity in time, you can become as successful as Bruce Springsteen one day.