Bruce Springsteen, 72, aka “The Boss,” is an American singer who rose to prominence in the 1970s with songs about working-class American life.
He recently sold his music catalog to Sony Music for a whopping $550 million.
The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate.
Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate. And that’s great for them! Not so much for us…
See, more millionaires are created during recessions than any other part of the economic cycle. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000.
Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. So how does the everyday person start building a massive net worth in an economy like this one?
But for now, let’s dig in a little more about Bruce Springsteen…
Sep 23, 1949
Country of Origin:
United States of America
Source of Wealth
American Singer-songwriter, Musician, Film Producer
Bruce Springsteen is a multi-millionaire singer, songwriter, and musician from the United States. Throughout his long and distinguished career, he has found success as a solo performer and bandleader of the E Street Band. It is not uncommon for Bruce’s annual earnings to reach $80 million in a year when he is touring. This makes Bruce one of the world’s top-selling musicians, with more than 135 million records sold globally.
Bruce Springsteen’s net worth is $650 million to date.
Bruce Frederick Joseph Springsteen was born on September 23, 1949, in Long Branch, New Jersey, and grew up in Freehold, New Jersey. He has two younger siblings. His catholic upbringing significantly impacted his music, and he attended the St. Rose of Lima Catholic School in New Jersey. His first love for music was sparked by Elvis Presley, who appeared on “The Ed Sullivan Show” when he was just seven years old and motivated him to pursue a career in the music industry. At seventeen, Bruce Springsteen was injured on his motorcycle and missed the U.S. draft because of his concussion. He did not serve in Vietnam because of his trauma.
Springsteen bought his first guitar in 1964 after seeing one on “The Ed Sullivan Show,” this time by the Beatles, who had affected him once more. A short time later, he joined a group named the Rogues and began playing at Freehold, New Jersey venues. Until after that year, when his mother borrowed and gave him a $60 Kent guitar (the subject of his song “The Wish”), he had no instrument.
Springsteen has also performed with the Castiles, Earth, Steel Mill, the Sundance Blues Band, Bruce Springsteen Band, and the Sundance Blues Orchestra in the 1960s and early 1970s. That’s when his live performances got him noticed, but so did the fact that he could come up with tunes all by himself.
Following a chance encounter with talent scout John Hammond who had also signed Bob Dylan, music entrepreneur Clive Davis signed Bruce Springsteen to Columbia Records in 1972. Only a few months after the band’s founding, Springsteen formally dubbed the E Street Band, a group he formed with the support of some of his New Jersey-based musician friends. “Greetings from Asbury Park,” his first studio album, garnered favorable reviews, but its economic success was disappointing.
“The Wild, the Innocent, and the E Street Shuffle” had poor sales despite positive reviews. Springsteen was given a large budget to create a commercially and artistically successful third album.
Six of the album’s 14 months were dedicated to the song “Born to Run.” It debuted at #3 on the Billboard 200 list in August 1975. In October, Newsweek and Time profiled Springsteen.
Bruce Springsteen released “Darkness on the Edge of Town” in 1978 and went on a cross-country tour the following year to promote it. “The River” was his first number-one album on the Billboard Pop Albums Chart, and “Nebraska” was a rolling stone’s “Album of the Year” in 1982.
“Born in the USA” is Springsteen’s most famous album. The album sold 15 million copies in the U.S. and 30 million globally.
Fifteen times platinum from the RIAA. “Tunnel of Love,” “Human Touch,” “The Ghost of Tom Joad,” and “Lucky Town.” He won an Oscar for “Streets of Philadelphia” in 1994 and was inducted into the Rock and Roll Hall of Fame in 1999.
In the new millennium, Springsteen’s career flourished. 2002’s “The Rising” was nominated for a Grammy for Best Rock Album. He left the band in the 1990s but returned for the album.
In April 2005, he released his third acoustic album, “Devils & Dust.” Since then, he’s worked on “Magic,” “Working on a Dream,” “Wrecking Ball,” and “High Hopes” (2014).
Springsteen has 20 Grammys, 4 AMAs, 2 Golden Globes, and 1 Oscar.
Bruce Springsteen Success Clues
1. Learn to have fun with yourself.
2. Take your abilities seriously.
3. Effort more than the others.
Featured Bruce Springsteen's Best Quotes Of All Time! Quotes
"The first day I can remember looking into a mirror and being able to stand what I saw was the day I had a guitar in my hand." --Bruce Springsteen
"When you get fat and lose your hunger. That is when you know the sellout has happened." --Bruce Springsteen
"The first thing that I do when I come out every night is to look at the faces in front of me, very individually." --Bruce Springsteen
"Blind faith in your leaders, or in anything, will get you killed." --Bruce Springsteen
Springsteen has been dubbed the “future of rock and roll,” “hero of the working class,” “revolutionary,” “The Boss,” and other labels throughout his career. Yet, none of them adequately describe his character and work.
Bruce Springsteen’s net worth is $650 million in 2022.
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