Taylor Swift now estimated to be a billionaire report says

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Taylor Swift now estimated to be a billionaire report says

Taylor Swifts Eras tour has catapulted her to billionaire status, according to a new report from Bloomberg, making her one of the few recording artists to build a 10-figure fortune almost entirely from her music.

The most definitive account yet of the 33-year-old pop stars wealth claims that the singer, who has broken box office records with her Eras tour concert film ($92.8m in its opening weekend) and is expected to top the charts again this weekend with the re-release of her 2014 album 1989, now has a total net worth of about $1.1bn.

The bump into billionaire territory was achieved by her blockbuster tour, which concluded its US run in August and will start an expansive international leg next month. According to the Bloomberg News analysis, the 53 concerts on the US tour added $4.3bn to the countrys gross domestic product.

Bloomberg called its analysis conservative, based only on assets and earnings that could be confirmed or traced from publicly disclosed figures.

The calculation took into account the estimated value of her five homes ($110m) and music catalog ($400m for music released since 2019), some of which she has reclaimed through an elaborate and highly public process of re-recording; earnings from streaming deals ($120m from YouTube and Spotify), music sales ($80m), concert tickets and merchandise ($370m); and the impact of income tax, tour production and travel costs, and commissions paid to managers and agents. Swift and her representatives did not respond to Bloombergs request for comment.

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Date Posted: Sat, 28 Oct 2023, 02:49 pm

Tags: Taylor Swift

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