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Bruce Springsteen Denies ‘Wrong’ Reports About His Billionaire Status, Says He Blew Cash on ‘Superfluous Things’

Bruce Springsteen said a report earlier this year claiming he was a billionaire were 'wrong,' says he spent lavishly on 'superfluous things.'

After Forbes magazine reported in July that the blue collar hero had an estimated fortune that it pegged as conservatively north of $1.1 billion, the New Jersey icon set the record straight this week in an interview with the U.K.’s Telegraph(paywalled). That greases the wheels pretty good,” he said of his trusty E Street brethren, which include the band’s six longest-tenured core members, as well eight additional live performers and a four-man horn section. Back in July, Forbes cited Springsteen selling his music catalog to Sony in 2021 for an estimated $500-$550 million as one of the main drivers of his wealth; it was the the largest deal ever for an individual body of work.

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