Bruce Springsteen It proves why you shouldn’t believe everything you see on the internet just because it doesn’t make money.

At least it’s not “billionaire status” stuff.

75-year-old rock legend denies July report Forbes report He said he was a billionaire. He did this in a recent interview and said that he wasted too much money on things that were of no use.

Springsteen, the giant of music, has sold more than 140 million records worldwide and won 20 Grammy Awards throughout his career of more than 50 years.

His earnings have skyrocketed in 2021 after selling his music catalog to Sony for nearly $500 million, while he has earned $380 million more from his 2023 world tour, according to Pollstar.

The report “cautiously” estimated the singer/songwriter’s fortune at $1.1 billion for the first time.

Forbes real time net worth tracker This figure has continued to rise over the past few months, and his net worth is currently estimated to be around $1.2 billion.

But Springsteen said Telegram that these numbers couldn’t be more wrong.

“I’m not a billionaire,” he told The Telegraph. “I wish I were, but they took it so wrong. I spent so much money on unnecessary things.”

The “Born in the USA” singer also revealed that after years of struggling before achieving major success, she wanted to enjoy her “good fortune” because she was “working.”

But money has never been the main motivator when it comes to his long-running career.

“This is usually where people go south,” said Springsteen, who aims to preserve his talent no matter what. “If I failed at that, to me, I would fail at everything.”

Springsteen also noted that he pays a “tremendous amount of money” for his band, calling this philosophy the key to his career success and longevity.

He talked about his strategy at the London screening of his new documentary, “Road Diary: Bruce Springsteen and the E Street Band.”

“If you do the art, the music, and the band right, you’ll go out every night and play like it’s your last night on earth. “That was the group’s series philosophy and we’re sticking to it,” he said.

The rock legend has previously talked about some financial troubles he faced early in his career due to not paying his taxes.

“First of all, I haven’t met anyone who pays taxes in New Jersey,” he said in an interview with Tom Hanks at the Tribeca Film Festival in 2017. Vanity Fair.

“They came after us. “I had to work for someone else for a few years,” he continued. “I just had to pay taxes I didn’t pay and bills I didn’t pay.

He added: This continued until 1980. In 1980 I think I had about $20,000 to my name, which sounded like a lot of money when I was 20 years old. But when I was 30 and had been doing this for a long time…”