AceShowbiz - At 75, Bruce Springsteen continues to be one of the most iconic rock 'n' roll figures of our time. However, recent Forbes estimates claiming a net worth of over $1.1 billion had the musician himself stepping in to clarify the facts.

In an interview with The Telegraph, Springsteen debunked the billionaire myth, stating bluntly, "I'm not a billionaire. I wish I was, but they got that real wrong."

The New Jersey native shared the real impact of his spending habits and priorities on his financial status. "I've spent too much money on superfluous things," he confessed, without specifying an accurate figure to counter Forbes' estimate.

While his decision to sell his music catalog to Sony for a reported $500 million in 2021 significantly impacted his finances, Springsteen emphasized that his spending goes beyond luxury.

In 2023 alone, his tour grossed $379.5 million from 3.5 million tickets sold across 66 concerts. Despite these earnings, he declared that he prioritizes fair compensation for his band members and the people he collaborates with. "I pay a tremendous amount of money to my band," he stated, emphasizing that investment in the right people and quality music is key to his enduring success.

The Boss also stands by his philosophy of delivering memorable performances night after night. "If you get the art right, the music right, and the band right, you go out and play every night like it's your last night on Earth," he passionately explained.

This sentiment is further explored in the new Hulu and Disney+ documentary "Road Diary: Bruce Springsteen and the E Street Band," which captures the band's first tour in seven years.

Springsteen's humility and dedication to his roots are reflected in his philanthropic efforts. Though he downplays his superfluous spending, he has a history of charitable donations. Notably, he supported striking miners in the 1980s and contributed $100,000 in 2023 to the Asbury Park African-American Music Project for the restoration of the Turf Club - a venue significant to his early career.

Reflecting on his decades-long career, Springsteen remains committed to his craft and values. "After 50 years on the road, it's too late to stop now," he asserted, showcasing that his passion for music and performance are as strong as ever. His journey underscores the importance of dedication and staying true to one's principles, regardless of monetary success.