Global music superstar, Taylor Swift has officially joined the elite club of billionaires, as reported by business news outlet Bloomberg.
The 33-year-old music star’s net worth is estimated to be $1.1 billion (£907.2 million).
This figure has been primarily attributed to her re-recorded albums, the resounding success of her worldwide “Eras Tour,” and her lucrative concert film releases.
Swift’s financial journey over the past few years shows her impressive array of income streams.
Her music catalogue since 2019 is valued at an estimated $400 million (£329.9 million), demonstrating her enduring popularity and musical legacy.
Ticket and merchandise sales from her concerts have contributed significantly to her wealth, accumulating a substantial $370 million (£305.1 million).
Taylor Swift Income Streams
Furthermore, the widespread streaming of her music on platforms like Spotify, YouTube, and others has added another $120 million (£100 million) to her financial empire.
Royalties from music sales have poured in at an impressive $80 million (£66 million), stressing the enduring appeal of her music to fans worldwide.
The value of the five properties Swift owns has been estimated at $110 million (£90.7 million).
Bloomberg’s report describes Taylor Swift as “essentially a multinational conglomerate with the world’s most devoted customer base, its most charismatic CEO, and significant economic
This year has been one of the most prolific in Swift’s two-decade career.
Record-Breaking “Eras Tour”
Her “Eras Tour” has taken the world by storm, as she revisits songs from her 10 albums in a three-hour show spanning 146 dates across five continents.
According to The Wall Street Journal, this tour is on track to become the biggest concert in history, with the potential to gross more than $1 billion.
Swift’s British fans can anticipate her tour’s arrival in the UK next year, with performances in Edinburgh, Liverpool, Cardiff, and London.
However, Swift’s achievements aren’t confined to the stage. She made her mark in the film industry earlier this month when she brought her tour to cinemas worldwide, earning $164.8 million globally in just its first two weeks.
Swift has continued her journey of re-recording her earlier albums, stemming from a dispute with music executive Scooter Braun who sold the masters of her first six albums without her knowledge.
Her re-recorded version of her critically acclaimed fifth album, “1989,” was released recently and is expected to become one of the highest-selling albums of this year.
She previously released re-recorded versions of her third album, “Speak Now,” in July, in addition to her second album “Fearless” and fourth album “Red,” both re-released in 2021.
Swift has also unveiled several best-selling original albums in recent years, including the Grammy-winning “folklore” in 2020, “evermore” five months later, and “Midnights” in 2022.
Joining the Billionaire Club
Swift has now achieved the same billionaire status as Rihanna, who made it to the billionaire club in 2021, according to Forbes.
Even though Rihanna hasn’t released new music in a while, she used her time to build her successful businesses like Fenty Beauty makeup and Savage x Fenty lingerie.
Jay Z and Beyoncé reached this milestone back in 2017. Apart from their music careers, they were involved in various business ventures.