No, Bruce Springsteen is not a billionaire—he says he spent too much money on 'superfluous things'

U.S. singer-songwriter Bruce Springsteen (Credit: ETIENNE LAURENT—AFP via Getty Images)

Bruce Springsteen has poured cold water on the notion that he is a billionaire, saying 10-figure estimates of his net worth are "real wrong."

Outlets like Forbes have estimated The Boss is worth $1.2 billion—owing to his vast catalog of studio and live albums, which he sold to Sony in 2021 for $500 million.