JUST IN: Bruce Springsteen refutes claims that he has become a billionaire.

Bruce Springsteen has recently addressed rumors claiming he has become a billionaire, setting the record straight in a rare statement. The speculation began after reports of his massive earnings from his music catalog and recent real estate investments, particularly following the sale of his catalog to Sony for an estimated $500 million in 2021.

However, Springsteen, who has been known for his down-to-earth persona, dismissed these claims as “wild exaggerations” and clarified that while he has had a successful career, the notion of him reaching billionaire status was far from reality. “I’m a working-class guy from New Jersey,” he stated, emphasizing that his success has always been about connecting with his fans and continuing to create meaningful music, rather than accumulating vast wealth.

In the same statement, Springsteen acknowledged the financial aspects of his career but underscored that much of his wealth comes from long-term investments in his music and business ventures—assets that are structured for sustainability and longevity. He also made it clear that his focus remains on his craft and his relationship with his audience, not on becoming a figure of extreme wealth.

The rumors of billionaire status likely stemmed from his catalog sales, the resurgence of his touring career, and other business dealings, but Springsteen’s words remind us that, despite his success, he still sees himself as part of the working-class ethos that has defined both his music and his public image.

Springsteen’s response serves as a reminder that fame and fortune don’t always align with the public’s perception of an artist, especially someone like Bruce Springsteen, whose identity is firmly rooted in his blue-collar roots and his commitment to authenticity.