With a record-breaking tour, a blockbuster movie and a shrewd mind for business, the 33-year-old singer is now worth an estimated $1.1 billion.
Taylor Swift’s Eras tour started out as a retrospective of her nearly two decade career and a celebration of her 10 iconic albums. It has become an unprecedented financial phenomenon that has already brought in $780 million in ticket sales, on its way to becoming the highest-grossing tour of all time. And it’s ushered the 33-year-old pop queen into yet another new era: she is now a billionaire and the first musician to make the ranks solely based on her songs and performances. According to Forbes estimates, she is worth more than $1.1 billion, up $360 million from June when Swift ranked no. 34 among America’s richest self made women.
Much of that boost comes from her unforgettable summer. She pocketed an estimated $190 million after taxes from the first leg of the Eras tour and another $35 million from the first two weeks of screenings of Taylor Swift: The Eras Tour movie. Altogether more than $500 million of Swift’s fortune is cash earned from music royalties and touring. Another $500 million is based on the rising value of her music catalog, and she has $125 million in real estate including six homes and a $10 million private plane.
Taylor Swift’s Eras tour started out as a retrospective of her nearly two decade career and a celebration of her 10 iconic albums. It has become an unprecedented financial phenomenon that has already brought in $780 million in ticket sales, on its way to becoming the highest-grossing tour of all time. And it’s ushered the 33-year-old pop queen into yet another new era: she is now a billionaire and the first musician to make the ranks solely based on her songs and performances. According to Forbes estimates, she is worth more than $1.1 billion, up $360 million from June when Swift ranked no. 34 among America’s richest self made women.
Much of that boost comes from her unforgettable summer. She pocketed an estimated $190 million after taxes from the first leg of the Eras tour and another $35 million from the first two weeks of screenings of Taylor Swift: The Eras Tour movie. Altogether more than $500 million of Swift’s fortune is cash earned from music royalties and touring. Another $500 million is based on the rising value of her music catalog, and she has $125 million in real estate including six homes and a $10 million private plane.
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00:00 At just 33 years old, Taylor Swift has become a billionaire, with an estimated net worth of $1.1 billion.
00:09 Taylor Swift's Eras Tour started out as a retrospective of her nearly two-decade career and a celebration of her 10 iconic albums.
00:18 It has become an unprecedented financial phenomenon that has already grossed $780 million in ticket sales on its way to becoming the top-earning tour of all time.
00:29 She is now the first musician to make the billionaire ranks solely based on her songs and performances, according to Forbes.
00:37 She pocketed an estimated $190 million after taxes from the first leg of her Eras Tour and another $35 million from the first two weeks of screenings of Taylor Swift's The Eras Tour movie.
00:50 Another $500 million is based on the rising value of her music catalog and she has another $125 million in real estate and a $10 million private plane.
01:01 Swift's rise comes amid a boom for celebrity billionaires, but unlike her superstar colleagues, Swift doesn't have a profitable side hustle boosting her net worth like Jay-Z, Rihanna, and Jimmy Buffet.
01:13 That puts Swift in a class with legends like Bruce Springsteen, whose lifetime pre-tax earnings are over $1 billion, the majority of which was earned on the road touring.
01:23 Forbes estimates the value of Swift's catalog to be worth roughly $500 million.
01:29 Her master's recordings, her first six albums, were famously scooped up in 2019 by Scooter Braun and later sold to Shamrock Capital for $300 million, which Swift claims was done behind her back.
01:42 The pop singer famously took back control of her music when, following a bitter public dispute, Swift got her revenge by signing a lucrative distribution deal with Universal Music Group that gave her complete ownership and full economic interest in both the songwriting and the recordings.
01:58 She has since released four new albums and re-recorded versions of four albums that were part of the Shamrock sale, including 1989, Taylor's version, that was released at midnight on Friday.
02:10 Since she released her 2019 album Lover, her first under her deal with UMG, her US album sales, inclusive of track sale and streaming equivalents, have totaled $37.3 million, according to data provided to Forbes by Luminate.
02:26 And according to Sound Royalties, her sixth album Master Catalog at BMLG was valued at $140 million by Braun's team five years ago.
02:36 Because Swift wrote nearly all of her top 50 Billboard chart hits, that boosts her share of the publishing pot significantly.
02:44 "This has been the most extraordinary experience of my entire life," said Taylor regarding her Eras tour. "Her newfound billionaire status proves just how extraordinary it truly was."
02:55 .