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Forbes officially recognized Taylor Swift as a member of the exclusive 'billionaire' club, marking yet another incredible milestone in her illustrious career. From record-breaking tours to brilliant albums, her journey continues to inspire millions and earn billions.
Swift's biggest push toward attaining billionaire status has come through her record-shattering Eras Tour. By the end of 2023, the Tour had hit the $1 billion mark, making it the most lucrative concert tour in history.
Taylor Swift's achievement is even more special because she achieved billionaire status solely through her musical career. Other billionaires in the industry owe a big chunk of their wealth to their subsidiary businesses, but Swift is all about music and her fans.
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Taylor Swift's record-breaking Eras Tour has made her a billionaire
Taylor Swift has rewritten pop with her exceptionally successful Eras Tour, and her financial success speaks volumes about her unprecedented stardom. By the end of 2023, The Eras Tour had earned over $1 billion to become the highest-grossing concert tour ever.
According to the U.S. Travel Association, the total economic impact of the Eras Tour will likely cross $10 billion by the end of the tour. According to Celebrity Net Worth, Swift will pocket $500-600 million through ticket and merchandise sales in the Eras Tour.
In October 2023, Swift also released the film version of The Eras Tour, earning roughly $260 million and adding $130 million to her bank account. A few months later, she sold the streaming rights of the film exclusively to Disney, earning roughly $205 million.
Forbes has also stressed that the 14-time Grammy winner's earnings have predominantly come from her career as a musician. While others like Rihanna, Jay-Z and Kanye West have assumed billionaire status because of substantial contributions from their subsidiary ventures, Swift's wealth comes from her prowess as a musician.
For instance, Rihanna's Fenty makeup line or Savage clothing line is responsible for a major chunk of her net worth as a billionaire. Similarly, Kanye West's partnership with Adidas inflated his net worth to make him a billionaire.
However, he was stripped off that when Adidas ended the partnership because of his antisemitic comments, and Forbes estimated that his net worth came down to $400 million.
Other real-estates, deals, and endorsements of Taylor Swift
Taylor Swift's real estate investments and other endorsements have also accounted for a significant chunk of her wealth.
According to Celebrity Net Worth, the 14-time Grammy winner owns over $150 million in properties across the US. The 34-year-old has condos and houses in Nashville, Rhode Island, New York City, Los Angeles and Massachusetts.
In 2009, she bought a condo in Nashville for $2 million and spent $400K on upgrades. Today, the property is worth $4 million. She also has an 8000-square-foot mansion in Nashville worth at least $6 million today.
Swift also bought an 11,000-square-foot mansion in Rhode Island, called High Watch. The investment is worth $30 million now. Swift also owns apartments and duplexes in New York City worth at least $50 million.
Additionally, she keeps buying and selling properties for a profit in Massachusetts, Los Angeles and other areas across the US.
Taylor Swift's earnings from brand endorsements
Swift makes millions from endorsement deals with hundreds of companies, including AT&T, Diet Coke, CoverGirl, Capital One, Verizon Wireless, Keds, AirAsia, Qantas, Sony Electronics, Target and Capital One.
Furthermore, Spotify's new deal with Taylor Swift states that if Universal sells its $1 billion share of Spotify, Swift will get a big chunk of the profit.
With The Tortured Poets Department conquering Billboard's Hot 100 in the debut week and The Eras Tour running riots in the music industry, Swift's popularity and net worth aren't going down anytime soon!
