Bruce Springsteen Has Reached Billionaire Statu...

Bruce Springsteen has reached a new milestone in his career! The legendary hitmaker, 74, is now a billionaire, according to a new report from Forbes

Published Time: 20.07.2024 - 00:31:05 Modified Time: 20.07.2024 - 00:31:05

Bruce Springsteen has reached a new milestone in his career!

The legendary hitmaker, 74, is now a billionaire, according to a new report from Forbes. The publication recently updated his net worth valuation with a "conservative" estimate of $1.1 billion.

Reps for Springsteen did not immediately respond to PEOPLE's request for comment.

The "Glory Days" singer previously touched on what he believes to be the secret to his success in Deliver Me From Nowhere, Warren Zanes’ 2023 book about the 1982 album Nebraska. “I was into crafting an identity that was very, very personal to me as a man,” he explained. “I wanted to connect that identity with the very big picture of the country at large… So I needed people who were going to be willing to go in as deep as I needed and was willing to go myself.”

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In developing a unique, yet familiar identity through his music that continues to resonate with legions of fans to this day, Springsteen earned himself accolades including 20 Grammys, an Oscar, two Golden Globes, a Tony Award and placements in both the Rock and Roll Hall of Fame and the Songwriters Hall of Fame.

Some of the singer's other career highs include releasing a No. 1

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m>New York Times bestselling memoir, helming 236 sold-out Broadway performances and earning a Kennedy Center Honor as well as the Presidential Medal of Freedom.

"The act of performing is psychologically centering," Springsteen told CBS News in 2019. "And when you come off, you've had some experience that contextualizes your life. Why you're here, what you do, who you love, how you love and approach your work. I'm lucky that I work with my friends alongside me. There's no other job where the same people you work with at 18... 16 in some cases, that you work with when you're 70."

Springsteen has made several savvy business moves in recent years, including the sale of his entire music catalog for $500 million in 2021.

In 2023, Pollstar reported that Springsteen's tour alongside The E-Street Band brought in an average gross of $3,961,273 with a total of 673,277 tickets sold.

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Decades into his career, Springsteen is still making plenty of moves creatively. Most recently, he released a collaborative track with Zach Bryan titled "Sandpaper" as a part of the latter's new album The Great American Bar Scene. The singer is also the focus of an upcoming biopic based on Deliver Me From Nowhere that'll star The Bear actor Jeremy Allen White.