Highlights
- Bruce Springsteen sold his music catalogue for at least $500 million, solidifying his status as one of the wealthiest artists in the world.
- Springsteen’s impressive career includes 20 top 10 hits on the Billboard Hot 100 and over 150 million records sold in the US alone.
- Similar deals have been struck by other major artists like Bob Dylan, David Bowie, and Justin Bieber, showing the high value of music catalogues in the industry.
There are incalculable amounts of money to be made in the music industry for major stars, and the biggest and brightest of the bunch know how to secure the bag. Taylor Swift, for instance, has become a billionaire thanks to her already-iconic Eras Tour.
Bruce Springsteen has long been a wealthy man, and that’s in no small part to his lengthy list of accomplishments in the industry. The Boss has been reeling in the millions for years, but in 2021, the icon struck a deal that paid him over $500 million.
Needless to say, Springsteen’s deal changed everything for him faster than he could play “Hungry Heart!”
Bruce Springsteen Sold His Catalogue For $500 Million
It sure pays to be The Boss!
In 2021, Jersey’s own, Bruce Springsteen, stamped a landmark deal for the rights to his music catalogue. The deal is said to have nabbed the “Dancing in the Dark” singer at least $500 million. Talk about starting an entirely new era of glory days!
Now, we do say at least, because the reports that have surfaced have given ballpark figures.
“On Thursday, Sony Music confirmed the acquisition — noting the recorded-music and publishing agreements are separate — although neither Sony nor reps for Springsteen provided further specifics as they relate to financials,” Variety reported when the news broke.
Springsteen himself commented on the deal.
“I am one artist who can truly say that when I signed with Columbia Records in 1972, I came to the right place. 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,” he said.
Of course, no ordinary musician is able to unload a crate of songs for $500 million. Nay, it takes someone with decades of genre-defining works.
According to data from Billboard itself, The Boss boasts an impressive career, with a staggering 20 Top 10 hits on the Billboard Hot 100. Classics like Dancing in the Dark, Born in the U.S.A., and Hungry Heart are just a few examples of his chart-topping prowess. His ability to craft songs that seamlessly blend heartfelt lyrics with catchy melodies has cemented his status as a chart force to be reckoned with.
Beyond the charts, Springsteen’s record sales have been the bedrock of his musical empire. Certified by the Recording Industry Association of America (RIAA), Springsteen has sold over 150 million records in the United States alone. His albums, a blend of heartland rock, folk, and Americana, have resonated with a diverse audience, establishing him as one of the best-selling music artists in the world.
Again, we’re not talking about someone playing at your local dive.
For Springsteen, this sale had a monumental impact on his net worth.
Bruce Springsteen Is Terrified Of Battling The Same Condition His Father Could Not Defeat
The legendary rock musician had a difficult relationship with his father due to his mental health struggles.
Springsteen’s Net Worth Now Sits At $650 Million
According to Celebrity Net Worth, Springsteen’s estate is now sitting on a cool $650 million, making him one of the wealthiest artists on the planet.
“In a career spanning over several decades, Bruce Springsteen has achieved fame both as a solo artist and as the leader of the E Street Band. In a given year when he is touring, Bruce’s annual earnings can easily top $80 million. To date, Bruce has sold more than 140 million albums worldwide which makes him one of 35 best-selling musical artists in history,” the site wrote.
Given his legacy in the business, the $80 million touring figure should come as no surprise. Never blinded by the light, the man is electric on stage, and has been putting on dazzling shows since the 1970s.
Springsteen’s deal remains perhaps the largest catalogue sale yet, but he’s not the only major legacy act that has traded in his music for a bounty.
How Much Of Bruce Springsteen’s Net Worth Has Been Spent Battling His Medical Conditions?
Bruce Springsteen faced several health conditions that affected his musical career.
Other Artists, Like Bob Dylan, Have Made Hundreds Of Millions With Similar Deals
The legendary Bob Dylan managed to land hundreds of millions for his music.
“In arguably the most blockbuster catalog sale in music history, Bob Dylan transferred the publishing rights to his 600-plus songs to Universal Music Group in 2020. Terms of the deal were not disclosed, but the value of the catalog, which includes Dylan classics like “The Hurricane” and “Blowin’ In The Wind,” has been estimated by experts at more than $300 million,” Yardbarker reports.
The site also shows that artists like David Bowie, the Red Hot Chili Peppers, and even Justin Bieber have all struck similar deals.
Steven Van Zandt Called Bruce Springsteen A “Dictator” Further Complicating The Truth About Their Relationship
Why did E Street Band member Steven Van Zandt call Bruce Springsteen a “dictator?”
After pocketing $500 million, Springsteen can rest on his laurels, but that’s just not his style.
Source: NewsFinale
