Bruce Springsteen Net Worth (Money & Salary)

What is Bruce Springsteen’s Net Worth?

Having a net worth estimated at $750 million, Bruce Springsteen is a renowned American singer, songwriter, and musician. Over a career that spans several decades, he has gained recognition as both a solo performer and the frontman of the E Street Band. During years when he tours, Springsteen’s annual earnings can surpass $80 million. So far, he has sold over 140 million albums globally, ranking him among the 35 best-selling musical artists in history. In December 2021, Bruce took a significant step by selling the rights to his music catalog to Sony Music Group for a sum between $500 million and $600 million.

Early Life

Bruce Frederick Joseph Springsteen, born on September 23, 1949, in Long Branch, New Jersey, grew up in Freehold, New Jersey. He is the brother of two younger sisters. Springsteen attended St. Rose of Lima Catholic School and attributes much of his musical influence to his Catholic upbringing. His passion for music ignited when he first saw Elvis Presley perform on “The Ed Sullivan Show” at the age of seven. A motorcycle accident at seventeen resulted in a concussion that caused him to fail the physical exam for the U.S. draft, preventing him from serving in the Vietnam War.

Career Beginnings

Inspired once more by a “The Ed Sullivan Show” performance, this time featuring the Beatles, Springsteen purchased his first guitar in 1964. Shortly thereafter, he began performing with a local band named the Rogues. Later that same year, his mother secured a loan to buy him a $60 Kent guitar, a moment referenced in his song “The Wish.”

Throughout the late 1960s and early 1970s, Springsteen played in various bands, such as the Castiles, Earth, Steel Mill, the Sundance Blues Band, and the Bruce Springsteen Band. This phase of his career saw him gaining attention not only for his performances but also for his exceptional songwriting ability. Music executive Clive Davis recognized his talent and signed him to Columbia Records in 1972, following the interest expressed by talent scout John Hammond. For his inaugural project, Springsteen collaborated with fellow New Jersey musicians to form the E Street Band, a name that would not be adopted until later. His debut album, “Greetings from Asbury Park,” debuted in January 1973, receiving critical acclaim yet experiencing slow sales.

Achieving Success

His second studio album, “The Wild, the Innocent & the E Street Shuffle,” similarly had a lukewarm sales performance despite garnering positive reviews. With a substantial budget for his third project, Springsteen aimed to create a commercially successful album. “Born to Run,” which took 14 months to produce (with six months dedicated to perfecting the title track), was released in August 1975, achieving tremendous commercial success and reaching number 3 on the Billboard 200 chart. In October of that same year, Springsteen made his appearance…

both Newsweek and Time magazine featured on their covers.

After a prolonged legal dispute with his former manager Mike Appel, Springsteen put out “Darkness on the Edge of the Town” in 1978 and set off on an extensive nationwide tour to promote the album. In 1980, his dual album “The River” achieved the milestone of being his first number 1 on the Billboard Pop Albums chart, while his solo acoustic album “Nebraska” from 1982 received “Album of the Year” honors from Rolling Stone magazine.

Without a doubt, Springsteen’s most iconic work is the 1984 classic “Born in the U.S.A.,” which ranks among the best-selling albums ever, with 15 million copies sold in the U.S. and 30 million globally. It has attained platinum status fifteen times as certified by the RIAA. This was succeeded by other notable works like “Tunnel of Love” (1987), “Human Touch” (1992), “Lucky Town” (1992), and the acoustic project “The Ghost of Tom Joad” (1995). Throughout the 90s, his accolades included winning an Academy Award in 1994 for “Streets of Philadelphia” and receiving induction into the Rock and Roll Hall of Fame in 1999.

The 2000s marked an era of continued achievement for Springsteen. After stepping back from the E Street Band during the 1990s, he rejoined them for his 2002 release “The Rising,” which earned the Grammy for Best Rock Album of the Year. He followed a similar acoustic path with “Devils & Dust,” released in April 2005. His later projects include “Magic” (2007), “Working on a Dream” (2009), “Wrecking Ball” (2012), and “High Hopes” (2014), with “Western Stars” arriving in 2019, succeeded by “Letter To You” (2020) and “Only the Strong Survive” (2022).

In 2023, Springsteen along with the E Street Band kicked off their first tour in six years. Additionally, Bruce lent his vocals to the track “History Books” by the Gaslight Anthem, the title song from the band’s album released in October 2023.

At the time of this writing, Springsteen has accumulated twenty Grammy Awards, four American Music Awards, two Golden Globe Awards, and an Academy Award.

Other Pursuits

Apart from music, Springsteen has engaged in various other ventures. His Broadway show “Springsteen on Broadway” was performed from October 2017 until December 2018, featuring Springsteen reading parts from his 2016 memoir “Born to Run.” He also co-directed the film “Western Stars” alongside Thom Zimny, which was showcased at the Toronto Film Festival in September 2019. This film features Springsteen and the E Street Band performing live for an audience to promote his album of the same title released earlier that year.

Personal Life

Springsteen has had several significant relationships. He tied the knot in May 1985, with

actress Julianne Phillips, even with their 11-year age gap. The couple split in 1988, and their divorce was finalized in March 1989, largely due to the pressures of his touring schedule on their relationship. Following his split from Phillips, Springsteen entered into a relationship with Patti Scialfa, who toured with him during both the Born in the U.S.A. Tour (1984) and the Tunnel of Love Express Tour (1988). In 1991, Springsteen and Scialfa tied the knot and together they have three children. Their youngest son, Sam, serves as a member of the Colts Neck Fire Department.

Known for making political statements in many of his songs, Springsteen often conveys his messages either directly or through implications. The single “Born in the U.S.A.” (1984), for instance, is frequently misinterpreted as a commentary on the treatment of Vietnam veterans, while the song “American Skin (41 Shots)” (1999) addresses the shooting of Amadou Diallo, a topic that stirred controversy. In November 2016, President Barack Obama awarded Springsteen the Presidential Medal of Freedom. More recently, in 2023, President Joe Biden honored him with the National Medal of Arts.

Real Estate

Bruce boasts an impressive real estate portfolio, predominantly comprising properties situated in New Jersey, particularly in Monmouth County. His primary residence has long been a 384-acre horse farm located in Colts Neck.

In 1999, Bruce and Patti acquired a 4.5-acre estate in Beverly Hills for $13.75 million, which includes a 10,000-square-foot main mansion and a secondary 7,500-square-foot residence. Reports in 2015 indicated they were looking to sell this property off-market for between $60-70 million, likely due to plans for a mansion being built on a nearby hill. For years, a son of the late King Abdullah of Saudi Arabia has been at odds with Los Angeles over plans for a 60,000-square-foot mansion that would overlook part of Springsteen Manor.

Additionally, they possess a residence in an equestrian community in Wellington, Florida, where Mike Bloomberg and Bill Gates also own properties nearby. The daughters of Springsteen, Gates, and Bloomberg are all enthusiastic equestrians.