Taylor Swift Becomes a Billionaire, First Musician to Reach Milestone Solely from Songs and Performances
Pop icon's fortune boosted by record-breaking 'Eras' tour, movie earnings, and increasing value of music catalog; doesn't include side-hustle industries like her billionaire peers.
- Taylor Swift has become the first musician to amass a fortune of over $1.1 billion solely from songs and performances, largely due to her record-making 'Eras' tour, which has already generated $780 million in ticket sales.
- Swift's revenues are not boosted by side businesses unlike her billionaire music peers like Jay-Z and Rihanna, whose entrepreneurial ventures in beauty, fashion, and beverage industries contributed significantly to their wealth.
- Swift's increasing net worth is also attributed to the rising value of her music catalogue with an estimated value of $500 million, earnings from the film 'Taylor Swift: The Eras Tour', which brought in $35 million in its first two weeks, and her real estate investments worth $125 million.
- Swift has made the decision to rerecord her first six albums to regain ownership of her music catalogue, which she lost in a controversial sale to music manager Scooter Braun, marking a turning point in her career and boosting her net worth.
- Besides her music, Swift’s romantic relationship with Kansas City Chiefs tight end Travis Kelce has been spelling headlines, expanding her media presence and indirectly contributing to her brand value.