Taylor Swift entered the ranks of billionaires thanks to hundreds of milliоns of dollars earned from selling music copyrights and touring. 

On October 26, the financial company Bloomberg announced that Taylor Swift now has a net worth of about $1.1 billion. This information is not surprising because right from the beginning of the year, people predicted she would become a billionaire after finishing the first leg of her world tour. 

Bloomberg’s analysis provides a variety of singer assets, including album sales, music streaming, and tour ticket sales. The company said it arrived at its figures conservatively, based on “assets and revenues that can be confirmed or traced from publicly available figures”. Tayor Swift’s music assets are currently at about $400 million. However, this expert noted that future royalties will be about 1 billiоn USԀ, higher than other artists. In September, Katy Perry sold her music rights for $225 million.

Taylor Swift at the Grammy Awards in February 

In addition, starting in 2019, Taylor Swift began re-recording her old albums to gain ownership after many years of rights disputes with Big Machine company. Re-recordings are identified by a note (Taylor version) on all album and song titles, to distinguish them from earlier recordings. As such, she reaped all the benefits of exploiting 1989’s Red, Speak Now, and the new versions as well as three recent albums: Evermore, Folklore, and Midnights. 

 The female singer has raised $370 million from concert ticket sales and related accessories. She earned about 120 million USԀ from streaming music on online platforms.  According to experts, despite possessing a high net worth for many years, The Eras Tour has raised Taylor Swift to a new level. They estimate she earned $190 million (after taxes) just after the first leg in North America. The singer also received about $35 million for the concert film, which was released in theaters on October 13. 

Swift owns many different properties, including a mansion in Beverly Hills, Rhode Island, New York, worth a total of about 125 million USԀ. In addition, she also owns a private jet worth $10 million. Chris Leyden, director of growth marketing at ticketing platform SeatGeek, said Taylor Swift is an “economic phenomenon.” The Eras Tour contributed $4.3 billion to the United States’ gross domestic product (GDP) in 53 days. The average price of a concert ticket is 25 USԀ but it is often sold for several times higher on the “black market”. Taylor is currently resting before touring Australia, Asia, and Europe and returning to perform in North America next year. 

Bloomberg experts commented: “Swift went from a teenage country music phenomenon to a world-famous person, while maintaining the image of a serious girl with a guitar, despite the stand-up industry. after her. after her.” Her father – Mr. Scott Swift – is a famous stock broker at Merrill Lynch – the third largest investment bank in the United States, and later became president of the bank. He currently runs 10 companies affiliated with his daughter, managing many subsidiaries of his assets.

Taylor Swift is an American singer and songwriter who became famous for her country music in 2006. After 10 albums, Swift has received 12 Grammy awards and 29 Billboard awards. Besides touring, she also released re-recorded albums such as Fearless and Red.