Taylor Swift now a BILLIONAIRE following ‘Eras Tour’ and concert film success- Find out her net worth

Taylor Swift is officially a billionaire today!

The Pop superstar who is no stranger to rewriting records in music history, did it again as the first-ever singer to enter the billionaire’s club with profits from music alone. The singer hit the milestone thanks to the phenomenal success of her ‘Eras Tour’, her concert film, the value of her new music and the rerelease of her earlier studio albums.

Bloomberg, in a report, listed Swift among the ranks of fellow billionaire artists – Rihanna and Jay-Z. According to the report, an in-depth analysis into Swift’s finances reveals she made her 10-figure fortune “almost entirely from her music.”It must be noted that Rihanna achieved her billionaire status from revenue that came in through her beauty and clothing lines. Jay-Z, on the other hand, made his fortune through a series of investments, businesses and various other endeavours not pertaining to the music industry.

According to the report, Swift now has an estimated net worth of a whopping $1.1 billion.
This number came from an analysis of her music catalogue, merch sales, tour revenue and more. She reportedly made $400 million from music releases since 2019. She also earned an impressive $370 million from ticket and merchandise sales.Her other sources of income include $120 million from Spotify and YouTube earnings and an additional $80 million from royalties from her music sales. The remaining $110 million is the current value of her five personal properties.

It has also been reported that Taylor’s ticket sales from her 53 North American concerts generated ticket sales of over $2.2 billion.

Bloomberg Economics estimates that in total, the tour has added $4.3 billion to the country’s gross domestic product.

Prior to the tour that kicked off in June, Forbes featured Taylor Swift on their list of self-made women in America, with a net worth of $740 million.

As per the report, Swift’s fame and fortune is only expected to grow as she takes her tour to South America in the fall. She is also scheduled to perform in Asia, Australia and Europe in 2024.

News of the singer becoming a billionaire comes on the same day as her ‘1989’ (Taylor’s Version) album launch. Penning a note to her fans, she wrote, “I was­ born in 1989, reinvented for the first time in 2014, and a part of me was reclaimed in 2023 with the re-release of this album I love so dearly. Never in my wildest dreams did I imagine the magic you would sprinkle on my life for so long.”
“This moment is a reflection of the woods we’ve wandered through and all this love between us still glowing in the darkest dark. I present to you with gratitude all wild wonder, my version of 1989. It’s been waiting for you,” Swift concluded.