Taylor Swift, whose hugely profitable Eras Tour is still ongoing, has officially become a billionaire.
The 33-year-old pop superstar now has a net worth of $1.1 billion, according to a new analysis from Bloomberg News. The tour accounts for a large part of her fortune, with ticket sales of around $700 million for the shows performed so far. The 53 stops in the U.S. contributed an estimated $4.3 billion to the nation’s gross domestic product this year, according to Bloomberg Economics. There are 89 shows left on the tour, with tickets costing hundreds of dollars each.
Of course, Swift’s fame extends far beyond the concert stage. This fall she became a fixture on television and in films. After becoming romantically involved with Kansas City Chiefs tight end Travis Kelce, Swift cheered him on at several NFL games, captured on national broadcasts interacting with members of his family and other Chiefs fans who rallied. Their concert film, a document of the Eras Tour, earned $200 million at the global box office, and its $92.8 million domestic release was the second-biggest October release of all time.
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Another Swift initiative has also paid off significantly in her own music industry in recent years. After discovering that she had no control over the master recordings of some of her most popular albums, she decided to re-record them in chronological order, with the “Taylor’s Version” of each successive album causing a stir on social media caused. A new perspective 1989, an album originally released in 2014, has just arrived, complete with five new “Vault” tracks. Over time, these newer albums will attract larger and larger audiences through streaming algorithms, increasing the value of the catalog rights controlled by Swift. Many artists have sold their catalogs for hundreds of millions of dollars in recent years.
Bloomberg calls the calculation of his net worth “conservative” and says it is based only on assets and income “that can be confirmed or inferred from publicly released figures.”
Source: Deadline
Elizabeth Cabrera is an author and journalist who writes for The Fashion Vibes. With a talent for staying up-to-date on the latest news and trends, Elizabeth is dedicated to delivering informative and engaging articles that keep readers informed on the latest developments.
