Music "Forbes": Rock legend Bruce Springsteen is now a billionaire

"The Boss" is now part of the billionaires' club. Forbes magazine estimates the fortune of US rock legend Bruce Springsteen at 1.1 billion dollars.

The singer of "Born in the USA" and "Dancing in the Dark" has amassed a considerable fortune, the magazine reported on Friday. The sale of his song rights to Sony in 2021 for an estimated 500 million dollars is likely to have contributed significantly to this.

The 74-year-old musician is currently on a world tour that is set to last until 2025. According to industry observer Pollstar, Springsteen sold more than 1.6 million concert tickets last year and took in 380 million dollars.

Springsteen has sold 140 million albums worldwide. The New Jersey-born musician has been awarded 20 Grammys and an Oscar.

Other big names in the industry who have made it into the billionaires' club include Rihanna, Jay-Z and Taylor Swift.