According to a new report by Forbes, Bruce Springsteen is now a newly minted millionaire. The New Jersey music legend has an apparent net worth of $1.1 billion, based on a “conservative” estimate made by Forbes. Springsteen joins fellow billionaire musicians Jay-Z ($2.5 billion), Rihanna ($1.4 billion), and Taylor Swift ($1.3 billion). Springsteen’s wealth was dramatically increased when he sold the rights to his back catalog to his longtime label, Columbia Records, for $500 million back in 2021, which is the largest deal ever for an individual body of work.

“I am one artist who can truly say that when I signed with Columbia Records in 1972, I came to the right place,” Springsteen said at the time. “During the last 50 years, the men and women of Sony Music have treated me with the greatest respect as an artist and as a person. I’m thrilled that my legacy will continue to be cared for by the Company and people I know and trust.” (Billboard)